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Genting International announcing IR projects to 1.6 Billion probably in Jan 08
Watch out for these counters and Genting International as well
Seems IR on target as mentioned - Good for Genting if announced
1HFY08 net profit of $8.1m (+299% yoy) is within consensus and our annualised estimates, aided by better-than-expected gross margins from more recent construction contracts, and cost benefits from its in-house structural steel fabrication, construction equipment and scaffolding equipment. Gross margins rose to 15.6% in 1HFY08 from 4.7% in 2HFY07 and 6.3% a year ago. 1HFY08 net profit forms 44% of CIMB's previous full-year estimate.
The construction division continued to be the linchpin for LBG, contributing more than 90% to its revenue, with the remaining 10% coming fromengineering and leasing, and property development. Operating expenses (+38.9% yoy)grew at a slower rate due to modest increases in distribution expenses and financecosts. LBG has a comfortable net gearing of about 20%, vs. 5.6% six months ago.
Order book of $608m. LBG's order book comprises recent contracts that command better margins due to strong demand for construction and a shortage of BCA A1 contractors. Additional upside could come from development profits from LBG's strategic stakes in a number of prestigious residential property projects. With the excellent outlook for the construction sector in the next few years, LBG remains selective and will only pitch for projects with good margins.
In Dec 07, CIMB wrote that LBG stands a better than-average chance of clinching a casino tower and museum package, worth at least $500m, at the Marina Bay Sands IR. They maintain this view and have factored the potential impact into their forecasts.
CIMB have raised their margin assumptions, buoyed by the continued strength in all its business segments. Their net profit forecasts have been lifted by 3-26% for FY08-10. They are also rolling forward their valuation to CY09 on an unchanged 15x P/E basis for the construction business and incorporating RNAV for its growing property-development business. This translates to a new sum-of-the-parts target price of $1.67 (previously $1.14, on 15x CY08 P/E).
big boy victory and win,,,,,but no sure they are leaving,,,tis baby in coma next week,,,,,casino proj just in dream,,,,,ah moh remieser wann me to slideline,,,,,,,,but too bad still alot buyer from uncle,,,unty,,,ntu and nus underg,,,,,,,,jump in at morning,,,,,,,,suffer heavy lost,,,,and carry baby in coma over nite,,,,,?????????why,,,,,dont believe me,,,,,,,,,,,margin call and heavy selling next week,,,,,50cts akang datang,,,
i remembered clearly during the X'mas period to the first wk of trading where lots of stocks plunge...Lian Beng strives...was strong....however now...it can't tahan the market sentiment already...broke support...plunging downwards with the rest
kim eng buy placement share and push up ,,,,,,now they having big profit at 80cts and sell or borrow to big boy,,,,,tis few day allor retail buy at 77 and happy profit at 795cts 805cts,,,,,,,now big boy short and dump.......lorry by lorry to retail player at 77cts,,,,,,,now they finaly heavy burst at by today heavy sell,,,,,,,if not selling they getting big lost in akang datang day,,,,,,,some of them still dream for casino proj,,,,,,,,,,ah moh remirser tell me they will get small ,,,,,,,may be not even get a single proj,,,,,,,,winner is big boy......good luck to all of you
Really have to 'Pei Fu' this stock.
Holding on so well.
Is this IR job a mega one ?
$0.78 is an imporant level since it was a resistance level on 2 occasions and now it is likely to turn support. Gotta see whether this support level will hold. Some technical indicators are showing bearish divergence though. U can check out the chart here @ my blog.
We see if you right. HA HA.
big bomb in coming monday,,,,,,,,,big boy gang wif ocbc and kim eng push up to unloaded all placement share,,,,,now reverse gear to dump lorry by lorry,,,,,,,50cts akang datang,,,,,,,i heard my ah moh remirser casino proj may be just a small portion,,,,all go to china construction,,,,,the worst is not ever get a single proj,,,,,,if true.....big boy huat liao,,,,,,,,they tan tua tua to naked short and ......
Construction sector is a way to go for 2008. I just load few thousand lots of this counter.
big boy push and run ,,,,,,,,,,,,becareful......all from ocbc and kim eng,,,,,,,,,they are player u r looser,,,,,
Looks firm @ 0.80
Whether it got the IR job, i think the current red hot construction market will keep it going for few years, minimum.
ha ha ha 
Already resistance turned support ?
Sitting firmly at 80 cts ?
Looks set for a test of 90 cts ?
Hi, anyone knows
- roughly when will the results be out for who will get the IR projects? (1Q,2Q,3Qor 4Q??)
- what are the companies competing for the IR projects? (what i read from the forum is Lian Beng,Yongnam and Koh Brothers??)
Thanks for sharing~!!
becareful is a day trader market,,,,,,,stockist from kim eng and ocbc push up morning ,,,,,,,,,then hor uncle and unty carry baby over night,,,,,,,,,,,,,,,,,,,,,,,bloody red red akang datang
Chart for Lian Beng available here @ my blog. :)
It's good .. Sentiment for construction sector is strong despite DJIA's very poor closing. Saw yongnam, CSC, koh bros, Lian Beng in top movers section. If got balls, can try to buy and hold in.
joshlai86 anticipate more IR contracts this year ?
Will it be equally distributed ? Will Yongnam get some too ?
against the tide today.....any good news?