No worries, Buffer. Can be assured you a very good return if you could hold it for a few months. Short term wise, you can sell after CNY. Will still be decent profit.
Still very attractive for investing. Growth factors are yet to be factored into price. So far only known info (announced contracts) are accounted. Suggest longer view here since it is still very new in Public market. Macro and market wise will drive this counter up due to sectoral play and fiscal policy.
Piling Industry is booming. Only 3 companies are listed. Pintaras and Econpile are Value Stocks while Ikhmas is the only Growth Stock. 3 companies are trading at considerable P/E with Ikhmas being the lowest in terms of earnings.
Earlier in the week, Ikhmas Jaya received a letter of award to undertake the construction of a RM166.4mil serviced apartments project for Bina Puri Holdings’s property unit Star Effort Sdn Bhd.
For Ikhmas Jaya, AmResearch’s analyst Max Koh says the contract win makes up 51% of its order book replenishment of RM330mil for the financial year 2016 ending Dec 31 compared with RM206mil in the year before.
This contract is expected to boost its outstanding orderbook to about RM280mil.
KUALA LUMPUR: AmInvestment has maintained a “buy” call on Ikhmas Jaya Group Bhd with an unchanged fair value of 85 sen per share, pegged to 12 times FY16F earnings per share.
IKHMAS experienced a short term breakout above the RM0.695 level accompanied by improved volumes. The MACD Line is hovering above zero, while the RSI has hooked above 50. Monitor for a follow-through buying interest above RM0.725, targeting the RM0.79 and RM0.835 levels. Support will be set around RM0.675.
Even good fundamental counter also hard to sustain at this super bearish global market sentiment, save up more bullets to Buy at discount later. Support broken, Set Buy at below 0.600.
IKHMAS is pleased to announce that its wholly-owned subsidiary, Ikhmas Jaya Sdn. Bhd. has today agreed and accepted the terms and conditions of the Letter of Award from Kayangan Kemas Sdn. Bhd., to undertake sub-contract works for supply materials, labour and machinery for the Construction of a Bridge at Interchange No. 7 including bore piling works at Peringgit Interchange and Associated Works for the project known as “Menaiktaraf Jalan Ayer Keroh Ke Bandar Melaka [Fasa 1: Pembinaan Persimpangan Peringgit dan Persimpangan MITC] (“the Project”) for Messrs Kayangan Kemas Sdn. Bhd.
2. The Sub-Contract Value
The sub-contract value of the Project is RM65,300,000.00 (Ringgit Malaysia Sixty Five Million Three Hundred Thousand only)
3. The Duration of the Project
The sub-contract work is for a period of 18 months and is expected to commence on March 2016 and complete by August 2017.
4. The effect on Net Assets and Earnings of the Group
The abovementioned Project is expected to contribute positively to IKHMAS’s earnings and net assets for the financial year ending 31 December 2016.
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....
Jerry Jerry
1,586 posts
Posted by Jerry Jerry > 2016-01-08 15:31 | Report Abuse
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