Posted by sleeplessguy > 2018-02-26 19:12 | Report Abuse

ofcos if the share price increase i rather happy as iam also the holder. I believe it won't drop as alot specular were clean during last few found adjustment.

Posted by Calvinharris > 2018-02-26 19:22 | Report Abuse

" this qr is lousier compare to previous quater , because only 3 project completed. the pbt is higher because there was disposal of land"- from: sleeplessguy

只能这样回应：“跳来跳去，都吃不到葡萄，应该酸的”

ECONBHD第二业绩终于出炉了！！

ECONBHD recorded a revenue of RM331.1 million for the current six (6) months financial period ended 31 December 2017 mainly from the piling and foundation services business segment.

Revenue contribution from piling and foundation works from property development projects continue to dominate ECOBHD's revenue, amounting to RM261.2 million or 78.9% and the remaining revenue derived from piling and foundation works from infrastructure and other segments amounting to RM69.9 million or 21.1% !

Not only that, ECONBHD also recorded a profit before tax of RM59.5 million for the current six (6) months financial period ended 31 December 2017, mainly derived from our piling and foundation services being our main revenue stream. Gross profit margin and profit before tax margin stood at 20.4% (Q1 2017 - 22.9%) and 18.0% (Q1 2017 - 19.5%) respectively, for the current financial period ended 31 December 2017 !

Other Income of ECONBHD
Included in Other Income during the curent financial period is gain from disposal of machineries and rental income of equipments amounting to RM1.7 million and RM4.7 million, respectively.

PROJECT UPDATES And ORDER BOOK-ECONBHD.
As at 31 December 2017, there are 15 on-going projects at various stages of completion and 5 projects were completed during the current financial period.

Order book stood at RM1.3 Billion as at 31 December 2017. Concentration of credit risk with respect of trade receivables is limited except for two (2) customers which accounted for 39.3% (including retention sum) of trade receivables as at 31 December 2017.

In the current SECOND Quarter ended 31 December 2017, ECONBHD had recorded an decrease in revenue of RM6.7 million to RM162.2 million from RM168.9 million in the most preceding quarter ended 30 September 2017. This decrease in revenue in the current quarter is due mainly to completion of 3 projects during the current quarter.
(面对2017年尾至华人农历新年与学校大放假事故，工程进度有一点慢，导致收不到一小部分的progress billings 单，可这小部分帐会在接下来第三业绩入账）
注意：接下来第三季报没有华人农历新年及学校大放假所在，相信第三业绩料更进步！）

The piling and foundation works from property development projects and infrastructure projects during the current quarter ended 31 December 2017, amounted to RM121.4 million and RM40.8 million respectively, as compared to RM139.8 million and RM29.1 million respectively, in the preceeding quarter ended 30 September 2017.

The increase in the profit before tax for the current quarter ended 31 December 2017 of RM1.5 million or 7.3% as compared to the preceding quarter ended 30 September 2017 was due mainly to rental income derived from rental of equipments to sub-contractors.

Prospects of ECONBHD
On the back of the RM46 billion development budget announced in the 2018 Budget, which includes a slew of mega infrastructure projects, the Directors expect ECONBHD's 2018 performance to be challenging but sustainable with continued growth expected from the piling and foundation services in particualrly, the infrastructure segment !

Posted by poseidon80 > 2018-02-26 19:30 | Report Abuse

It’s a good qr.. tomorrow will fly

Posted by goodjoe > 2018-02-26 19:37 | Report Abuse

let's hope so

Posted by sleeplessguy > 2018-02-26 19:42 | Report Abuse

@calvin, of cos I look positively on this share as iam the shareholder too. just that this qr is lesser ad per project completed less.

Posted by CharXiuBao > 2018-02-26 19:48 | Report Abuse

but I think the opposite. This quarter comprise too much of holiday yet the profit is the highest among all the quarters or years. It shows that the company is still growing but not stable at a single point.
Moreover, with the coming projects e.g. Bayu Mantap, HSR, MRT, etc and the company already confirm RM1.4 billion of revenue.
I do not see any bad sign here. The company grow too darm fast and the management team keep on bidding for projects.
Tomorrow should can shoot up.

Posted by T800Terminator > 2018-02-26 20:10 | Report Abuse

Great qtr result. Both QoQ and YoY also up.

Posted by poseidon80 > 2018-02-26 20:45 | Report Abuse

I believed tomorrow will fly high

Posted by poseidon80 > 2018-02-26 20:49 | Report Abuse

I agreed with charxiubao.. the current qr is good actually.. yes ofcoz it’s revenue it quite lesser than previous but the net profit and eps is quit outstanding

Posted by jenson68 > 2018-02-26 21:08 | Report Abuse

Faith with this counter as never disappointed us so far , cheers !

Posted by Williamtaychunkit > 2018-02-26 21:15 | Report Abuse

向rm1.30 below 说再见了明天。
Econbhd-Wa 可能gap up rm0.32-rm0.33.

Posted by CharXiuBao > 2018-02-26 21:41 | Report Abuse

poseidon80 I do not think that revenue is low because the revenue is already 162 mil. Last quarter high revenue is due to part of the revenue supposingly recognize in financial year 2017 bring forward to the first quarter of 2018.

Most importantly, in this quarter result, we can see how strong the cost control of the company and the ROE of this company is significantly higher than the peers.

If considers that this company not yet make bonus issue, their EPS would be around 4.3

Posted by optimus9199 > 2018-02-26 23:16 | Report Abuse

wow suddenly so many comments in Econpile with new facies here.

Posted by longtermvaluegain > 2018-02-27 05:48 | Report Abuse

美国涨399点。
http://finance.sina.com.cn/stock/usstock/

Posted by davidkkw79 > 2018-02-27 08:08 | Report Abuse

Wow 400 points again !

Posted by Mohd Iqbal > 2018-02-27 11:05 | Report Abuse

so many comments yet the price down again. Sigh..

Posted by greatful > 2018-02-27 19:13 | Report Abuse

COMPANY UPDATE

Econpile Holdings Bhd’s 2QFY18 net profit added 6.4% Y.o.Y to RM22.7 mln on the back of higher recognition from its increased orderbook coupled with higher gain from disposal of machineries and rental income of equipment. Revenue for the quarter climbed 9.7% Y.o.Y to RM162.2 mln.

For 1HFY18, cumulative net profit gained 16.2% Y.o.Y to RM43.9 mln. Revenue for the period improved 26.4% Y.o.Y to RM331.1 mln. The results were within expectations with its revenue amounting to 46.0% of our full-year forecast of RM719.6 mln, while its net profit came in at 45.5% of our estimate of RM96.5 mln. The slight variance was mainly due completion of certain projects whilst several projects are at the commencement stage.

Comments

Backed by an unbilled construction orderbook of approximately RM1.27 bln from over 20 ongoing projects, Econpile’s orderbook-to-cover ratio at 2.2x against FY17 revenue of RM581.9 mln will continue to provide earnings visibility over the next 2-3 years.

With the earnings coming within our expectations, we leave our earnings forecast unchanged. We also maintain our HOLD recommendation with a higher target price at RM1.30 (from RM1.25) after we rolled over our valuation metrics to FY19 by ascribing an unchanged target PER of 17.0x to its FY19 EPS of 7.6 sen, which is in line with its peers with similar market capitalisation.

Source: https://klse.i3investor.com/blogs/MplusOnline/148684.jsp

Posted by BullRunComing > 2018-02-27 19:35 | Report Abuse

Buy as much as possible. Good news coming.

Posted by greatful > 2018-02-27 19:40 | Report Abuse

Please don't always say "good news coming". This is not good if meant to con people. Of course can be accumulated from time to time especially weakness BUT NOT BECAUSE OF GOOD NEWS COMING!!!!

Posted by CharXiuBao > 2018-02-28 10:09 | Report Abuse

Seriously? Is the management team just let the shark manipulate the price?

Posted by CharXiuBao > 2018-02-28 10:09 | Report Abuse

A good result but just give the others manipulate

Posted by tslee > 2018-02-28 10:51 | Report Abuse

A good result which within the market expectation will not push up the share price. The unbilled order book of RM 1.27bln had been reflected in current share price. The share price will only go up upon receiving the new Letter of Award. Their current concern is the less than expected margin due to inflated price of cement & steel.

Posted by CharXiuBao > 2018-02-28 10:58 | Report Abuse

I don't think so. Are you sure 1.4billion of unbilled order book had been reflected the current price?
Even last time it receives the letter of award yet being push down by shark from RM1.4 peak.
the fair price now should be around 1.30 based on the PE and EPS and 200 days Moving Average

Posted by CharXiuBao > 2018-02-28 11:11 | Report Abuse

And tslee, your new account to press the price?

Posted by tslee > 2018-02-28 11:34 | Report Abuse

Probably this is the chance for you to collect more?

Posted by CharXiuBao > 2018-02-28 11:37 | Report Abuse

Not sure. But thanks for the advice mate.

Posted by Shipman > 2018-02-28 11:54 | Report Abuse

@charxiubao why manipulate? My dad put 90% of pension in this stock and warrant wo. He buy it around 1.33 because his friend say can buy. 不要吓我他一辈子的钱就在这里了

Posted by Master123 > 2018-02-28 11:56 | Report Abuse

Perhaps should cut loss b4 too late.

Posted by CharXiuBao > 2018-02-28 13:26 | Report Abuse

Shipman, dude I am just saying. Hope that sharks or operator help you lift a bit and cut loss. I really have no idea. My advise for you is cut loss, perhaps wait it raises until 1.20 then cut loss?

Posted by CharXiuBao > 2018-02-28 13:32 | Report Abuse

If possible start selling it at 1.20 range, will be around 10% of loss. Why your dad inject his pension here blindly......
I don't know but I almost clear off my position good luck to you

Posted by flash777 > 2018-02-28 14:26 | Report Abuse

Sell as much as possible. Bad news coming

Posted by tslee > 2018-02-28 14:27 | Report Abuse

What is your source regarding of the bad news? Tell me more.

Posted by Master123 > 2018-02-28 14:35 | Report Abuse

Anyway, Econ is a good company and keeping profit year by year. Price above 1.3 buy in may have to wait issue interest in year end to cover loss. If could hold long term 2-3yrs then don't worry abt the price now.

Posted by CharXiuBao > 2018-02-28 14:49 |

Post removed.Why?

Posted by CharXiuBao > 2018-02-28 15:36 | Report Abuse

@shipman I am not a big player and I buy it before split and I have l clear off my position so there is no loss to me.

But it seems like shark just want your dad to die. They even want to earn the other's pension money. Just tell your dad to haunt them if bad thing happen. I believe karma. They will go to hell. Tsk tsk.

By the way, tslee and flash 777 would probably those shark. Both of them just comment here within one minute. Remember this account

Posted by Master123 > 2018-02-28 16:45 | Report Abuse

A bit weird. Market so bad today but suddenly rebound in afternoon. Must force ppl sell liao they only come back to collect. :(

Posted by Nigel Low > 2018-02-28 17:03 | Report Abuse

Big boys buy back from panic seller. Swallow up several blocks.

Posted by 2kt3h89 > 2018-02-28 18:50 | Report Abuse

yup...i agree to whom investor hold for the long term to this company....

Posted by goodjoe > 2018-03-01 08:24 | Report Abuse

malaysia boleh.... new fed chair is a joke

Posted by Mohd Fahmi Bin Jaes > 2018-03-01 08:25 |

Post removed.Why?

Posted by GRACE1966 > 2018-03-01 11:49 | Report Abuse

Run before to late Optimus9199.

Posted by goodjoe > 2018-03-01 17:14 | Report Abuse

If US market drop leads to regional markets drop, Malaysia will not be spared.

Once US interest rates rises, then all the hot money will flow out of the country/region back to US, which will lead to our market correction. The concern is that if the market is perceived to be too hot , the feds will increase interest rates to cool things down a bit.

If you are invested in this company for long term, then should be no concern especially if Econpile gets a piece of the ECRL project.

Good luck to all, exciting times are coming.

Posted by CharlesP > 2018-03-02 10:26 | Report Abuse

投资要赚大钱靠的不是买或卖，而是靠等待。
https://to-the-north-pole.blogspot.my/2018/02/2018.html

Posted by CharlesP > 2018-03-02 16:37 | Report Abuse

2018 - 认清自己的投资模式年
https://to-the-north-pole.blogspot.my/2018/03/2018.html

Posted by goodjoe > 2018-03-02 16:46 | Report Abuse

if steel and aluminium prices fall due to US tariffs, will this not have a positive effect on econpile as their raw material cost will now be lower?

Posted by 2kt3h89 > 2018-03-03 14:12 | Report Abuse

the first piling dragon head and the best management team in malaysia....go go go in this year...hold tight tight...last call to buy

Posted by 2kt3h89 > 2018-03-04 11:34 | Report Abuse

@goodjoe , ya...the cost will be down...and the gv econbhd high to gain profit

Posted by goodjoe > 2018-03-04 14:55 | Report Abuse

@2ky3h89 thanks for your response.

Just found out that the US president can actually get this through without approval from congress. That's scary.

Posted by GRACE1966 > 2018-03-04 21:49 | Report Abuse

1.30 slim .......better run.

Posted by Mohd Fahmi Bin Jaes > 2018-03-04 21:53 |

Post removed.Why?