MERCURY (8192) 美佳利工业 - 浅谈8192 Mercury 美佳利 2017Q3之业绩:

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30-9-2017 ;
cash:1437万
loan:214万
9个月净利1334万
eps=33.21 sen
nta=rm1.84

个人浅见与功课:
--RM 2.10 当然可进,转型建筑业,红股,净利提升,低股数,于21-7-2017止老板買进至17.048%股份了(6850,000股)。

--該公司是向大股東兼執行董事——拿督張貴喜(譯音)收購上述建築公司股權,後者主要涉足土木建築工程領域,並持有G7級執照,使它可競標任何價值的工程合約,及B04及CE21注冊類別工程。

--美佳利未来将从相关公司美德集团(MEDAINC,5040,主板产业股)、益可第一(ECOFIRS,3557,主板贸服股)以及安达曼集团(Andaman),陆续获得建筑工程合约。
益可第一所有工程交付Paramount Bounty
张建飞持有益可第一17%股权,也是后者的总裁兼执行董事。同时,他也是美德集团的大股东,持有15%股权。
“我们要设法壮大ParamountBounty,并打算将所有益可第一的工程合约都交付予前者。”
他指出,在吉隆坡发展总值10亿令吉的混合型产业发展计划,以及美德集团在马六甲的一马房屋(PR1MA)计划,都会交付予Paramount Bounty兴建

--ECOFIRST集团首席执行员拿督张建飞在股东大会后的记者招待会上表示,公司在未来12年內会专注发展位於淡江(Ulu Kelang)的Ampang Ukay综合发展项目。
「面积87英亩的Ampang Ukay综合发展项目,发展总值(GDV)为50亿令吉.

--现三个季净利1334万,eps=rm0.33,估计2017全年净利1607万,eps=rm0.40,
现股价rm2.10只是在本益比5.25倍交易,明显低估了,
合理的股价为rm2.80,pe=7,取eps=rm0.40计算.

--截止30/9/17为止,手中订单有299m,因此公司仍会取得净利。
https://www.klsescreener.com/v2/stocks/view/8192
http://klse.i3investor.com/servlets/stk/8192.jsp



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prospects for 2017:
Despite the growth in the construction sector, generated by the construction works on public transportation infrastructure networks and
expressways, the residential property sector where the Group operates, still suffers a slowdown in construction activities as a result of the
overhang of unsold stock of completed properties. The difficulty of potential buyers in getting bank financing has resulted in a slowdown in
sales and thus the construction of residential and commercial properties and the soft property market is expected to continue into 2018. As
for the Group's construction subsidiary, in spite of a slowdown in the residential property sector, it is still expected to contribute positively to
the Group's revenue and profitability based on its existing orderbook in hand of RM299 million as at 30/9/2017.
For the financial year 2017, barring unforeseen circumstances, the Board is optimistic that the profitability of the Group will be higher due to
the remaining orderbook of construction works in hand, the expected profit contribution from AMSB, the interest savings from the repayment
of the RM30 million term loan and the gain of RM9.06 million from the disposal of SPSB.

http://kongsenger.blogspot.my/2017/11/8192-mercury-2017q3.html