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Terbau actually has got some pretty strong selling points, meaning it has enough issues on its own to attract buyers. Throw in the SJER, this stock has got some decent reasonings to be deep fried.
IJM on the other hand would have to depend a lot on institutional funds. Funds who has to buy the story that they would be a strong beneficiary in the 9mp. However, if you look at recent developments, IJM on its own has been one of the few construction sectors who ventured early and big overseas, which somehow one could argue that it has the hind sights. However, having said that, it contradicts the situation because they are giving the signal out that it does not see too solid of a future in the local construction sector. So how much of the 9mp would benefit a company like IJM? And not forgetting that folks like Gamuda and IJM are caught in a sticky situation. They are the bigger boys and hence they need the BIG contracts. But sadly, it's hard to imagine where them mega, godzilla projects will come from. 9mp will help but in my opinion, it would be like a drop in the ocean.
And the one concern for me is IJM closeness with Talam group. Talam is going down. The not-so-long ago projects with Talam group is viewed cynically by some as a bailout.
Having said all that, IJM in itself is a decent company and probably should do ok. Just that I do not reckon it would be a stock to bring you real luck. A simple better option for this stock is always its warrants, which I guess no explanations is needed.
cheers & gl
::03
btw... i have to caution you first. Please take this post with a pinch of salt since I do NOT practise SECTORIAL or theme-based investing. ok?
In my opinion, there are not many "mega" opportunities to invest in for 9MP. 9MP is after all a master plan to steer the country towards "resource" based economy, be it natural resources, or human resources that we can either export (haha, and we have exported a lot, I mean the latter. Physically).
My pick in 9MP is a bit weird to most people. I believe a Mesdaq startup like SCICOM can benefit from the masterplan, and so bought a few thousand shares of it earlier this year. Not much, just enough to console myself that my investment really helped by 9MP. :D
SCICOM is a Business Process Outsourcing (BPO) player, which handles the call centre operation for multinationals. It has a single customer (Nokia) that contribute more than 60% of the business, and the top 5 customer would contribute at least 80~90% of the revenue. It has all the risk of a start-up, but nonetheless has a potential to grow exponentially if they can secure a few large overseas contracts.
9MP will help SCICOM as it may have grants if it sets up "training facilities", as per human resource development. Other than that, SCICOM will still need to go about its own business in the usual manner.
Another possibility to profit from 9MP is to invest in the ETF of FTSE-BM Small Cap, as most of the beneficiary of 9MP will be in this category.
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Do u know that only Communist bloc countries have this kind of so called 5 years or longer master plan for economy and developement.
We all know what happen to communist bloc.
IN Msia, we have so many plans but do we really see any improvement in standard of living? We dont need to look far, just look at Spore. IN 70s,we johorean liked to shop in Spore because many of their stuff is tax freed and RM1=1S$.
Now, Sporean shops in JB everyweek because our stuff is cheap and many things price controlled. And Rm2.4=S$1.
The problem with MP is implementation. Talk is cheap but gov has to walk the talk.
Personally, I think it is quite obvious the government's focus in on small to medium sized projects. Yesterday with the announcement of the projects, we can see that bulk of funds are into the building of schools, roads, etc mostly for the rural areas. Not hint of any mega projects like the super duper train from KL to Singapore, Penang monorail and the Pahang Selangor Interstate water transfer.
However, being involved in the local consutrction sector, I tend to like GAMUDA. Its current price has been bashed down due to poor earnings (after more than 8 years of continous growth). No mega projects means no meat for this construction giant but I believe the management is very optimistic this year and if you follow the management's guidance, they will secure at least a couple sizeable jobs this year. My guess would be the RM600million road project in the middle east which GAMUDA is the lowest bid, the finalisation of agreement of the RM3 billion LAOS NT1 etc.
The current price reflects the weak financial results this financial year but I believe GAMUDA would be able to resume its growth from next year onwards. Lets wait and see.
