this counter in up trend since Feb, TA show is counter is starting it wave 3, MACD cross over and turn positive, mean it will move more higher from now. Today is 13/5 ( black Friday), so many investor will take profit, mean it is a very good time to collect the lowest share today, and next week will be the show time, it would be a great show soon. Don't miss the boat.
Today only got maybe big T4... Closing today might be 0.78 or better. Let us aim close at 0.80 tomorrow or this week so that next week can easily become strong support at 0.80.
Buyyy...support 0.74... TP 0.82 short term. It just temporary effect due to quarter result... see other counter like econ pile, quarter report okay but shares not moving up accordingly... but technically, both of them for me still maintaining buy call...
Over the years, Ikhmas Jaya have established an extensive track record with a portfolio of completed projects for both the public and private sectors with a total value of approximately RM1.7 billion.
The Group owns and operates its own diversified fleet of machinery and equipment to support piling and foundation works as well as bridge and building construction.
*Current outstanding order book stands at a healthy RM636.2m.
The Group’s clear earnings visibility is anchored by current healthy order book, which translates into 2.35x FY15’s earnings given a margin of 9%.
*Gearing up for wider job scope.
Its tender book remains at RM3bn, which comprises infrastructure jobs (50%), piling (30%), superstructure (20%). On top of that, IKHMAS is bidding for expressway infrastructure works namely DASH, SUKE, DUKE 3 and Pan Borneo Highway, which are expected to be awarded in stages starting mid-June this year. Meanwhile, the Group is venturing into track laying, i.e KVMRT2, LRT3.
-Speaking to reporters after its AGM yesterday (20/6/2016), group managing director Datuk Ang Cheng Siong said, the group’s outstanding order book stands at about RM700 million, which can keep the group busy for the next two years.
-For the current financial year ended Dec 31, 2016 (FY16), Ang said, the group has set the target of clocking an almost 50% increase in turnover to RM400 million, from RM268.7 million it recorded in FY15, which will be driven by its strong order book as well as tender book.
-Ang explained that the decrease in the group’s revenue in the first quarter ended March 31, 2016 (Q1FY16) is due mainly to its newly secured projects, which are still at the beginning stage.
“We just got our project in the first quarter, where we procured about RM500 million worth of jobs. Normally, when it (the project) just starts, it is a bit sluggish. But I believe in the second quarter it should pick up,” he added.
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....
Winner 2016
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Posted by Winner 2016 > 2016-05-13 08:54 | Report Abuse
Wave 3, there will be a big long green candle today....