The civil work packages intended to be subcontracted by CCCC include earthworks, formation works, soil improvement works, foundation works, structural works, road works, and building works.
if without ESOS 0.89m it would have been positive both qoq and yoy, financial position has improved with the increase in cash and reduce in debt. With ample of earthwork opportunities from ECRL, Sarawak and township projects prospect will definitely be good
Short term catalysts would be 1. Handover of WCE lands so that their topline and margin will improve 2. Contract awards from Sarawak and township (ECRL probably end of year)
"Went to the AGM last Thursday, and had the opportunity to speak directly to CEO Dato Phum & deputy CEO Mr Lim Swee Chai... Advcon is a counter that can be called 'undervalue' if you see its market cap / total orderbook (orderbook 5-6x market cap), but the undervaluation do come with few justifications.."
High order book? Thats the only point ppl keep repeating since ipo time. No point if high order book, high revenue but low profit margin, low net profit. Thats why it drop from rm1. 20 until now. There wont be much changes if advcon do not improve it profit margin and net profit.
common feature in most companies, got billions project, but all profit gone to their pocket through huge salaries, bonuses and perks, etc..at the end of the day, declare only peanuts to share holders. ..don't be fooled by order-book
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....
investmentMonster
125 posts
Posted by investmentMonster > 2019-04-24 20:28 | Report Abuse
Still cheap, buy now and hold till ECRL, Sarawak contracts awarded, easily double