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Moolah
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Posting #31: Sat Oct 20th, 2007 04:14 |
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A brief update on this stock posted on BTimes...
Pintaras eyes projects in Penang, Iskandar region
By Jeeva Arulampalam
jeeva@nstp.com.my
October 20 2007
CONSTRUCTION firm Pintaras Jaya Bhd will bid for projects in Penang and Johor undertaken for the Northern Corridor Economic Region (NCER) and the Iskandar Development Region (Iskandar) respectively.
Pintaras managing director Dr Chiu Hong Keong said while the company's current focus is on Klang Valley projects, it plans to participate in projects within the NCER and Iskandar.
"The Penang projects in particular are very attractive and relevant to us as there will be substantial foundation works related to the NCER development," Chiu told reporters after the company's annual general meeting in Shah Alam yesterday.
Pintaras' construction activities cover piling and foundation systems, building and civil engineering works. Pintaras also manufactures metal containers and plastic packaging.
Chiu declined to comment on Pintaras' first quarter results for the period ended September 30 2007, except that it is expecting a better financial year ahead.
"There is strong demand for our work, especially for private high-end apartments in areas such as the KLCC and Mont' Kiara," he said.
For the financial year ended June 30 2007, Pintaras posted a net profit of RM24.1 million on revenue of RM147.4 million. Seventy-five per cent of its revenue came from the construction business.
Pintaras' order book currently stands at RM80 million, which will keep it busy for the next six months.
It has spent RM20 million out of a RM30 million budget to acquire piling equipment.
Chiu added that Pintaras is "on the look-out for new businesses, but we have not targeted any particular area.
"Still, it must be related to either our financial, management or technical capabilities."
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adg
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Posting #32: Mon Oct 29th, 2007 04:05 |
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Thanks, My dear Moola.
Here is another update as it gets closer to the Radar Screen:
http://biz.thestar.com.my/news/story.asp?file=/2007/10/29/business/19283447&sec=business
Well-managed contractor Pintaras in for re-rating
 SHARES of Pintaras Jaya Bhd are well poised for re-rating given the company's high growth prospects and prudence in managing finances.
The low profile and profitable firm has had zero borrowings since 1997 despite the region's financial crisis and continued to maintain a healthy balance sheet.
For the year ended June 30 (FY07), net profit surged 129% to RM24.1mil from RM10.5mil in the previous year.
Earnings per share improved to 30.1 sen from 13.1 sen.
Dividend per share for FY07 increased 100% to 10 sen, which will go ex on Dec 17, compared with 5 sen in FY06.
It posted a 53% leap in revenue to RM147.4mil in FY07 against RM96.5mil in FY06 and a 100% surge in operating profit, thanks to the construction division, which accounted for 83% of total operating profit.
As of end June, it has net cash and cash equivalents of almost RM65.3mil, including short-term investments in shares that are recorded at a cost of RM24.4mil in the balance sheet.
If the investments were based on market value of RM30mil, Pintaras' net cash and cash equivalents would translate into almost 89 sen per share and net tangible assets per share of RM1.99. It also does not have bad debt written off for FY07.
A bank-backed brokerage in a report said Pintaras was likely to be a beneficiary when 9MP projects kicked off in full steam.
Some of the major completed jobs are building 20 bridges for the Guthrie Corridor Expressway for RM62mil and main structural works worth RM30mil for five blocks of office buildings at Plaza Mont Kiara.
Pintaras had not made any losses since being listed in 1994, except in 2001 when it incurred a net loss of RM4.3mil due to provisions and write-down of its property assets of RM5.8mil, the brokerage noted.
Based on OSK Investment Bank's estimated earnings per share of 32.5 sen and Friday's closing price of RM1.90, the shares are trading at an attractive price-to-earnings multiple of 5.8 times.
OSK in a recent report noted that FY08 would be more intensive with the group expected to perform better.
“We're maintaining our optimism on Pintaras for its high growth levels,” it said, tagging a target price of RM3.07 on the shares.
The Star, Monday )ctober 29, 2007
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Moolah
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Posting #33: Mon Oct 29th, 2007 04:11 |
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adg,
Wassup? How are you?
I actually did a stock review on Pintaras a couple weeks ago. http://sahamas.net/forum61/5472.html
That's a new forum section where all members are invited to write their own stock review and recommendations. (every1 needs to follow this Guidelines And Rules )
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adg
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Posting #34: Mon Oct 29th, 2007 04:54 |
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Hi dear Moola.....Full marks to you for your alertness, dedication and savyness.
I am fine except you have to excuse me for my poor knowledge on technical analysis and data posting on this forum. Nevertheless I do update to spot out gems like this one, can only "agak agak" and depend on guys like you to expand the details, and thanks that we have people like you on this Forum.
At the moment I am tracking one stock called MULTICO (7004) which at the early life of the Company was very profitable until Proton landed itself in a mess. On its Paid up Capital of 44Million, it has accumulated profits of 34Million with a net cash per share of approx 70sen. ZERO borrowings like Pintaras. Sometime early this year, the owners decided to sell their controlling stake to two Singaporeans at abt 1.60/share.
Now the share price is languishing at the 96 sen level which I find attractive enough to take a punt. It all depends on your own analysis and forcast on the prospects of this Company under the new management.
Regards
adg 
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random
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Posting #35: Mon Oct 29th, 2007 05:57 |
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 Nice spot adg
Please keep the tipsy coming !
I give you kissy kissy 
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stockraider1
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Posting #36: Tue Nov 13th, 2007 18:07 |
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The recent correction has make Pintaras Jaya highly attractive for purchase at Rm 1.90 in terms of valuation basing on;
1)Growth at least 15%p.a.
2)PE-close to 5 times and generating positive net cash flow exceeding Rm 0.30 p.a.
3)Dividend Yield about 5% p.a.
4)NTA-Rm 2.00
5)Prospect-more intensive 9 Malaysia Plan implementation,Pintaras expected to enjoyed strong steady earnings for the next 4 years.
6)Strong cash holding close to Rm 1.00 per share as at 30-9-2007(inclusive share investment)
7)Strong savvy and conservative management can be seen from the good performance and high return from its acquired manufacturing division.
This is a good AAA investment stocks.
Expected fair price should be around Rm 2.60 to Rm 3.50 within next 9 mths with potential appreciation of 36% to 84%.Even after this appreciation the PE is between 7 to 10 exclude factoring the growth prospect.
This valuation are highly attractive and undervalue when compare to large construction companies such as IJM,Gamuda and YTL which are trading at PE exceeding 20 and with very much higher gearing.
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MooFassa
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Posting #37: Thu Aug 28th, 2008 16:13 |
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Pintaras Jaya Bhd (9598.KU) - Malaysia
4th quarter ended June 30:
Figures are in Ringgit (MYR).
2008 2007
Revenue 46,163,000 30,492,000
Pretax Profit 3,955,000 7,172,000
Net Profit 1,963,000 5,287,000
Earnings Per Share 2.50 Sen 6.60 Sen
Dividend 12.00 Sen 10.00 Sen
12 months ended June 30:
Revenue 165,431,000 147,436,000
Pretax Profit 32,653,000 31,151,000
Net Profit 23,823,000 24,089,000
Earnings Per Share 29.80 Sen 30.10 Sen
Dividend 12.00 Sen 10.00 Sen |
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