【FAJAR 7047 交流专区】星辰建筑

fighter00101

其实fajar-wa 比较爽

阿徐

fajar-wa RM0.810还可以买进吗？        

azera

7047    FAJAR    FAJARBARU BUILDER GRP BHD  
Single Tier Interim Dividend 12%  

Entitlement Details:
12% Single Tier Interim Dividend


Entitlement Type: Interim Dividend
Entitlement Date and Time: 28/02/2011  05:00 PM
Year Ending/Period Ending/Ended Date: 30/06/2011
EX Date: 24/02/2011
To SCANS Date:   
Payment Date: 18/03/2011
Interest Payment Period:   
Rights Issue Price: 0.000
Trading of Rights Start On:   
Trading of Rights End On:   
Stock Par Value:

上管宝

我在等跌。。

azera

星辰建築
獲8739萬輕快鐵延長合約
（吉隆坡4日訊）星辰建築（FAJAR，7047，主要板建築）宣佈，獲得總值8738萬6070令吉的格拉納再也輕快鐵延長工程合約。

據公司文告，它是被國家基建有限公司（Prasarana）委任為Trans Resources公司（簡稱TRC）的二手承包商。

“我們將負責上述工程中A配套中的工作，包括第一、第二和第三個站的建築與測試等。”

該合約期限為21個月，排除不可預計因素，將為星辰建築2012和2013財年貢獻收益及提高淨資產。

ccw85

Big time for small-cap construction outfits

While large construction companies are conventionally good proxy plays to the new wave of infrastructure spending in Malaysia, it appears that the little guys, small-cap construction players, have thus far dominated the winners' lists of the key work packages of the Kuala Lumpur International Airport 2 (KLIA2) and the Ampang and Kelana Jaya LRT line extension project.

The smaller players stand a much better chance of winning new contracts thanks to lean setups that enable them to profitably execute smaller public jobs that larger players shy away from, as well as subcontracts of key large-scale projects that will soon flood the local construction market.

Based on the last traded prices, small-cap construction stocks Fajarbaru Builder Group Bhd and TRC Synergy Bhd now trade at 7.9 to 10 times and 7.5 to 8.6 times FY11/12 earnings, at a fairly substantial discount to 16.4 to 20.6 times and 16 to 19.1 times earnings for large-cap construction companies Gamuda Bhd, IJM Corp Bhd and WCT Bhd. We believe the large discount is unjustified and untenable.

Risks to our view include: (i) the government reverting to an austerity drive to rein in the budget deficit; (ii) the potential of hiccups in the rollout of the public projects; and (iii) less than robust overseas construction markets, particularly, the Gulf states.

We are neutral on the construction sector, but bullish on small-caps. Over the immediate term, we expect construction stocks in general to perform only in line with the broader market due to 'news flow fatigue'. However, we do see a bright spot in small-cap builders due to their ability to win key work packages of large-scale projects, their better chances of winning smaller contracts and subcontracts of large-scale projects, and their attractive valuations.

Our top small-cap picks are Fajarbaru (fair value: RM1.65) and TRC (FV: RM1.94). An added downside cushion to their share prices is their strong balance sheets with a net cash of RM118.8 million or 69 sen per share for Fajarbaru, and net cash of RM200.3 million or RM1.05 per share for TRC as at Dec 31. ' RHB Research, April 4

鸡笼坡人

拿到了那几个project 了啊？

ccw85

回复 2# 鸡笼坡人


    最 近 拿 了 LRT的 。 接 下 来应 该  会 更 多 ， CASH PER UNIT满 高 ， 而 且 LONG TERM DEBT是 零 。

ccw85

回复 2# 鸡笼坡人



KENANGA RESEARCH Company Update
7th March 2011
BUY
RM1.05 Fajarbaru Builder
12M- Target Price: RM1.57 Bags RM150m LRT extension contract
Stock data
Market cap (RMm): 181.3
Issued shares (m): 172.6shs
52-week range: RM0.87 – RM1.30
3-mth avg daily volume: 919,238
Bloomberg code: FBC MK
YTD price chg: -0.19
YTD KLCI chg: +3.70
Est. free float: 50%
Major shareholders:
Big Victory Holding Sdn Bhs 13.3%
Modern Discovery Sdn Bhd 9.1%
Keng Kok Low 7.5%
KLCI FBM70 FBM100 Syariah Hijrah


FYE 31 Dec 2011E 2012E
Net profit (RMm): 27.0 28.0
EPS (sen): 15.0 15.5
Forecast revision
FYE 31 Dec 2011E 2012E
Revision (%): +4% +9%
Net profit (RMm): 30.1 33.7
Share price chart
The Research Team
research@kenanga.com.my
Tel: 603-2713 2292

Fajarbaru announced that it had secured a RM150m worth of contract from
Bina Puri and TRC for the construction of 2 LRT stations namely Awan
Besar and Kelana Jaya. The appointment of Fajarbaru was executed by
Syarikat Prasarana Negara Berhad (SPNB) with the contract period of 21
months. We have imputed in potential contracts worth RM300m in our
forecast for the next 3 FYs. In all, we take the news as a pleasant surprise
while we expect more contracts coming out in 2H11 largely from MRT
project. We revised our earnings forecast slightly higher by 4% and 9% for
FY11 and FY12, respectively as we fine tune our contract period for potential
projects shorter to less than 2 years. BUY maintained with higher TP at
RM1.57 from RM1.51, previously.

鸡笼坡人

回复  鸡笼坡人



KENANGA RESEARCH Company Update
7th March 2011
BUY
RM1.05 Fajarbaru Build ...
ccw85 发表于 7-4-2011 09:07 PM

今天收市的时候是RM1.05了啊～

鸡笼坡人

回复  鸡笼坡人


    最 近 拿 了 LRT的 。 接 下 来应 该  会 更 多 ， CASH PER UNIT满 高 ， 而 且 ...
ccw85 发表于 7-4-2011 09:04 PM

   long term debt 是0?哇～

ccw85

回复 5# 鸡笼坡人


    哦 ！ 那 是 久 REPORT了 。 今 天 已 经 RM1。 18了 。

鸡笼坡人

回复  鸡笼坡人


    哦 ！ 那 是 久 REPORT了 。 今 天 已 经 RM1。 18了 。
ccw85 发表于 7-4-2011 09:12 PM

   今天收市已经RM 1.18了...错过了...你手上有多少lot!你赚翻了吧～

ccw85

回复 6# 鸡笼坡人


    http://politemarket.blogspot.com/search/label/Fajarbaru
这 位 BLOGGER也 有 写 到 但 她 说 没 GROWTH。 现 在 PROJECT多 多 ， 应 该 好 景 快 到 了 。

ccw85

回复 8# 鸡笼坡人


    哈 哈 哈 。 。 。 一 点 点 。 看 好 她 DIVIDEND YIELD 6%所 以 买 下 她 。

鸡笼坡人

回复  鸡笼坡人


    哈 哈 哈 。 。 。 一 点 点 。 看 好 她 DIVIDEND YIELD 6%所 以 买 下 她 。
ccw85 发表于 7-4-2011 09:23 PM

   恕我冒昧的问一句...你进了多少lot啊？

ccw85

回复 11# 鸡笼坡人


    哈 哈 。 少 少 啦 ！ 24LOTS吧 了 。 小 资 本 。

鸡笼坡人

回复  鸡笼坡人


    哈 哈 。 少 少 啦 ！ 24LOTS吧 了 。 小 资 本 。
ccw85 发表于 7-4-2011 09:34 PM

   小资本？24lots=24000unit...1 unit = RM1.05
你都放了丢了20多k进去...恐怕你是还没有到RM1的时候你就买了你现在赚到了...

ccw85

回复 13# 鸡笼坡人


    哈 哈 哈 。 大 马 1LOT=100 UNITS。 不 多 啦 ， 两 千 多 。 我 买 入 价 是 1。 13。 赚 水 钱 +一 点 点 啦 。 不 过 我 看 好 他 。

鸡笼坡人

回复  鸡笼坡人


    哈 哈 哈 。 大 马 1LOT=100 UNITS。 不 多 啦 ， 两 千 多 。 我 买 入 价 是 1 ...
ccw85 发表于 7-4-2011 10:23 PM

   对不起我半桶水不知道1lot等于100units...他们limit多少lot啊？看来你是玩short term的咯？