PASUKHAS - SHORT TERM TARGET PRICE 32SEN, CURRENT PRICE: 16SEN ONLY
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The company has been in civil construction works since 1985. Its key strength is providing innovative cost effective solutions to complex projects across Malaysia and the selected countries.
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M&A Securities Sdn Bhd - The goreng stock man!
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Profit margin improved to 1.9% in 1Q17 helped the company to turnaround to black this year from loss last year.
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Forget the past of this company. The
Company is now on the verge to execute construction of power plant
project in Indonesia. Indeed, Indonesia wants to build as many as
possible power plant as part of their major development of the Country. Huge potential market for Pasukhas to explore!
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The company has been tie-up with PT. CHD Power Plant Operation Indonesia to explore power plant projects. I am sure there
will be INFLOW of projects to be secured by the Company in the near
future, which will provide earnings visibility for this company.
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FYI, power plant projects margin is higher than conventional construction works for building. So we can expect margin will continue to improve this year and onwards.
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Also in Indonesia, the Company to acquire 93% stake of PT BDP’s shares in PT Tenaga Listrik Gorontalo (“PT TLG”),
a subsidiary company of PT BDP. Currently PT TLG is operating a 2 x
12.5MW coal fired power plant in Sulawesi Utara, Gurontalo City. It
means BIG additional recurring income will contribute to the Company's
bottomline. Not just a steady income, this will add further improvement
to its margin!
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Locally,
the company is in constructing and completing a commercial development
comprising of office towers or such other type of buildings.
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All these developments happened so fast in this year. It will bear fruit soon!
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Check all its announcement here. http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?category=all&sub_category=all&alphabetical=All&company=0177
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This year will be the year for PASUKHAS!
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So, I am expecting the share price will go back to where it was before financial losses, which is in 2013. The high was 68sen.
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But
my Target Price for before year end is 45sen. Because I dont expect its
financial this year will immediately turn to FY13 profit. At least
higher profit compare to losses in years before.
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For short term - before August 2017, my Target price is 32sen. Because this will catalyst for 2Q17 results.
http://klse.i3investor.com/blogs/glorystocks/125592.jsp
