The Board of Directors of Econpile Holdings Berhad (“Econpile”) is pleased to announce that its wholly-owned subsidiary, Econpile (M) Sdn. Bhd. (“EMSB”) has on 1 June 2018, received a Letter of Award dated 1 June 2018 from KL Gateway Sdn. Bhd. to undertake piling and substructure works for the development of a 41-storey service apartment (Block H) KL Gateway (Phase 2) located at Lot 5772, Off Jalan Kerinchi, Mukim Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur (“Contract”).
MRCB-WB and Econ-WA both is RM1.25 exercise value. but right now econ-wa is so much cheaper at 16 cents while mrcb-wb 20 cents. tanoe note both mothershare is same price. so econ definitely is a steal at the moment.
i mean right now construction company (purely construction not developer) facing challenge because China offer lower bid. anyway to econ pile not worry much, econ on substructure. compare to competitor like bauer, econ will get more job. coz bauer offer higher bid.
if suddenly Malton announce stop work for damansara town center then need to quickly cut win or cut loss immediately on econ. econ got big contract on that big development.
after div, think monday will down. collect if drop more. FYE18 coming, looks will be better than previous. PH will plan for development project very soon after setting down all GLC's key person.
But for me ...I will average down more if the price drop more after I have did more study on Econpile
1. Order book about rm1.1b which can sustain earning for about 2 years Order book is already sign contract and confirm ad , it is not like just rumuors or news that not yet certain , such as HSR or ECRL that new government might delay or cancel
Recent sell down is due to scare of losing coming future projects , but in fact, these mega project is just rumuor and Econpile don't get any single revenue from that yet But market over re act and sellling non stop
Now without these rumuor government mega projects , the company is already profitable ( current few qtr result don't have any government mega project HSR , ECRL and yet the company is doing good .
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
TheLegend27
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Posted by TheLegend27 > 2018-06-01 17:55 | Report Abuse
The Board of Directors of Econpile Holdings Berhad (“Econpile”) is pleased to announce that its wholly-owned subsidiary, Econpile (M) Sdn. Bhd. (“EMSB”) has on 1 June 2018, received a Letter of Award dated 1 June 2018 from KL Gateway Sdn. Bhd. to undertake piling and substructure works for the development of a 41-storey service apartment (Block H) KL Gateway (Phase 2) located at Lot 5772, Off Jalan Kerinchi, Mukim Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur (“Contract”).