Tuesday 17 May 2016

Stocks To Watch on 17/5/2016 - KIMHIN (5371)

KIMHIN Daily Chart

Look for possible breakout of MYR2.00 with significant increased in traded volume might see KIMHIN try to climb higher to test the resistance levels of MYR2.05 & MYR2.10. 

Good luck and happy trading!


Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.   

Wednesday 11 May 2016

Technical Stock To Watch on 11/5/2016 - YEELEE (5584) & SYF (7082)

YEELEE Daily Chart

Look out for possible range breakout of MYR2.26 might see a bullish take over the lead towards MYR2.38 and historical high of MYR2.41.

SYF Daily Chart

Improved volume was seen on SYF with white candle (upward). SYF should test towards the next level of MYR0.600.


Good luck and happy trading!


Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.   

Monday 9 May 2016

ECONPILE HOLDINGS BHD - Piling and Foundation Specialist


ECONBHD (5253)



Econpile founded by Group MD Mr The Cheng Eng in 1987, Econpile is a piling & foundation specialist in Msia providing piling solutions and foundation works, which includes earth retaining systems, earthworks, substructure and basement construction works. 
Econpile has a full range of piling (bored piling, driven piles and jack-in piles) & foundation works. Econpile serves the property development & infrastructure sectors, having been involved in the construction of bridges, elevated highways, electrified-double tracking projects and power plants.
To date, Econpile has successfully undertaken numerous piling and foundation projects nationwide, including the Klang Valley, Penang, Johor, Pahang, Sabah and Sarawak.
Econpile holds a Grade 7 License from the Construction Industry Development Board of Msia, which allows the Group to tender for projects of unlimited values in the categories of building, and infrastructure works.



Through their subsidiary companies as above which are principally involved in the following business activities:
  • The provision of piling and foundation services; 
  • Property investment, rental of machinery and sales of goods

Scope of Services
ECONBHD offer a wide range of services including:
  1. Foundation and Geotechnical Works
    • Cast-in-situ bored piles
    • Driven and jack-in piles
    • Micropile
    • Earth retaining system including contiguous bored pile wall, secant pile wall, soldier pile wall, diaphragm wall, steel/concrete sheet pile wall
    • Lateral support system including ground anchors and steel strutting
    • Slope protection and stabilization, ground improvement works
  2. Civil Engineering Works
    • Earthwork and basement excavation
    • Infrastructure
  3. Structure Works
    • Pile cap and basement slabs
    • Top-down construction
    • Temporary steel platform and staging
    • Bridges
  4. Design and build packages
    • Piling, retaining system and structural works




Plant and Machinery
Econpile has one of the largest and most advanced arrays of piling equipment in Malaysia.
Econpile own hydraulic and mechanical rigs of various brands and models, majority of which are manufactured by German-based Bauer Group. The selection of rigs is complemented with a wide range of customised accessories such as soil augers, boring buckets and coring tools. In addition, they have vibratory hammers with various capacities to help with the driving of casings and foundation supports into the ground.
Supporting their piling operation is a wide range of general construction equipment. Their extensive fleet of crawler cranes have the lifting capacity ranging from 30 tonnes to 100 tonnes. They also own and maintain various excavators, some of which with long reach capability which are ideal for basement work.
Hydraulic Rigs 
Units by Bauer with models ranging from BG7 to BG40 as well as units by G-Klemm and Liebherr capable of constructing piles up to 3200mm in diameter and up to 100m in depth
Mechanical Rigs
Units by CMV, Calweld, Soilmec, Watson capable of constructing piles ranging up to1800mm in diameter and up to 80m in depth
Diaphragm Wall
Diaphragm wall grabs ranging from 0.6m to 0.8m in width
Crawler Cranes
Units with lifting capacity ranging from 30 tonnes to 100 tonnes
CMobile Cranes 
Units with lifting capacity ranging from 20 tonnes to 40 tonnes
Excavators
Units by Kobelco, Hitachi, Komatsu and Sumitomo with various capacities
Vibratory Hammers 
Units by PTC with various capacities (PTC13 to PTC100)
Tools and Accessories 
Wide range of custom designed soil augers, boring buckets, cleaning buckets, coring buckets, coring tools, various diameter temporary steel casings, double wall casings




Workshops

They have a full-fledged workshop sitting on a 5.3 acre lot in Bukit Beruntung, Rawang. The operation is supported by a large workforce consisting mechanics, welders, drivers & administration personnel. The facility is equipped with overhead gantry cranes and ancillary lifting equipment making the repair and fabrication of the biggest tools and parts possible. With the workshop, we have the in-house capability to undertake refurbishment, fabrication, modification repair or maintenance works on our fleet of machinery, tools & equipment. Drilling tools & parts can also be fabricated or modified at their workshop to cater to the specific needs of each individual project.



In addition, their workshop acts as the resource centre in meeting different requests from projects. It plans & coordinates the mobilisation of technical teams, equipment & materials to projects sites in response to their respective needs.
Running their own workshop grants them the flexibility to offer customised solutions or undertake various projects of different scales and difficulty levels due to their ability to modify & customise tools and equipment. With less reliance on external parties, Econpile are in a better position to manage our project deliverables and ensure a shorter project completion period


Project Highlights
Through decades of experience & accumulated engineering knowledge, Econpile stand proudly among the few foundation specialists in Msia which have the capability to undertake large-scale projects in challenging urban environments.
• Prominent Retail and Residential development at Jalan Bukit Bintang & Jalan Raja Chulan, KL
• The Troika KL
36-storey office tower at Jalan P. Ramlee, off Jalan Pinang, KL
• Menara Hap Seng 2
• W Hotel and The Residences
• Electrified double tracking project between Ipoh and Padang Besar, Malaysia
•Piling works for mixed residential development at Sepang Gold Coast, Malaysia
•Earthwork, bored piles, contiguous bored piles, diaphragm wall for condominium development at Jln Menerung, Bangsar, KL
•Bored pile works using mechanical rigs for Johor River, Johor
•Contiguous Bored Pile Wall in Taman Desa Petaling
•Flood Mitigation Project in Gombak
•Secant Pile for Cofferdam at Jln Klang Lama
•Cantilever Contiguous Bored Pile in Putrajaya


Catalyst 
Positive industry outlook. 
  • Booming infrastructure construction with several high profile projects in the pipeline including Klang Valley MRT, Damansara-Shah Alam, Sg Besi- Ulu Klang expressway, LRT 3 and others.
  • A proliferation of high-rise developments on rising land scarcity in prime locations that require extensive piling.
  • A possible chronic shortage of piling capacity in the market if all projects are to be carried out as originally planned.
Econpile's orderbook broke RM600m mark which should keep the company busy for next 1.5 years. 

The surge in bottomline translated to healthy cash flow which net cash and solid balance sheet.

Its strong profitability and efficient equity deployment translated to commendable ROEs of mid 20%.

The company is committed to paying out at least 20% of its profits to reward its shareholders.

RHB target price given : RM 1.51


Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such. 

Stocks To Watch on 9/5/2016 - UMSNGB (7227), LEONFB (5232) & CHINWEL (5007)

UMSNGB Daily Chart

Look out for the trading volume to see whether the market depth is thicker than the few days back and if it does, there is high chance that this counter would fly in the coming trading days.

LEONFB Daily Chart

A strong support @ MYR0.475-0.480 was seen and in case LEONFB (5232) is traded well above this level with significant increased in trading volume, an upward trend to take place shouldn't be a problem for this counter.

CHINWEL Daily Chart

The support range level around MYR1.63 seems very strong as it is the range where a sideway or consolidation phase developed since 1/4/2016. If the resistance level of MYR1.71 can be broke decisively with notable increased in traded volume, a strong bull might leads CHINWEL further upside towards MYR1.87.


Good luck and happy trading!


Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such. 

Thursday 5 May 2016

Stock To Watch on 6/5/5016 - LCTH (5092) & MIKROMB (0112)

LCTH Daily Chart

A bullish engulfing was established on 3/5/2016 with LCTH opened lower than the closing price in the previous day during the session starts in the next trading day.

Look for the closing price during the session ended today and if the closing price is closed higher than the previous day high price level, the retracement from the downtrend could taken place with the next target level to look at is MYR0.725.


MIKROMB (0112)

MIKROMB (0112) is in range trades since beginning of Feb 2016 within MYR0.500 and MYR0.565. A strong support of MYR0.510 was seen since 3/5/2016 with a long green bar was formed on 5/5/2016 during the session ended. 

Foresee MIKROMB will continue in range trading until the upper level of the range channel was broke in future.  

Good luck and happy trading!


Disclaimer:
All posts and documents submitted in this blog are solely for open discussion and education purposes only. All recommendations and opinion provided are solely for your consideration only and you should exercise your own judgment in forming your own investment decision(s). Please also be informed that equity investment is risky and we recommend you to conduct sufficient searches for information in addition to referring our recommendations and/or opinion herein, prior to making an investment decision.

You should take full responsibility of your investment decision(s) and we accept no liability whatsoever for any direct or consequential loss arising from any use of our recommendations and/or opinion provided herein or any solicitations of an offer to buy or sell any securities. Comments and opinions forwarded/provided by members/followers of this blog do not belong to the Admin and we take no responsibility of such.