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。
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.
--
Mercury Industries’ subsidiary to develop RM238mil project in Gombak
KUALA LUMPUR: Mercury Industries Bhd
’s (MIB) 70%-owned subsidiary, Paramount Bounty Sdn Bhd, will carry out construction works for a RM238mil mixed development project in Gombak, Selangor.
MIB said Paramount Bounty would build three small office home office blocks, retail space, leisure facilities, mutiple-level parking, electrical substation, garbage facility and a sewage treatment plant.
“The completion period of the project is 27 months from the commencement date of the construction works.
“We expect the project to contribute positively to our financial performance,” it said in a filing with Bursa Malaysia on Tuesday.
MIB said Paramount Bounty accepted the letter of appointment from Veritas Architects Sdn Bhd, the architect appointed by Pujian Development Sdn Bhd for the project.
Pujian is the appointed turnkey contractor for the project owned by EcoFirst Hartz Sdn Bhd. - Bernama
Read more at https://www.thestar.com.my/business/business-news/2017/02/21/mercury-industries-subsidiary-to-develop-rm238mil-project-in-gombak/#1udZqaChIbcCraZs.99
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。
--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.
--8192：RM 2.15
Mercury 子公司paramount bounty 从ecofirt,madainc 取得工程合约，室内家俬交付Ahb负责，相補相成，老板張健飞是mercury,ecofirt,madainc,ahb的股东。
Mercury 8192 有近2.99亿合约，平均赚副10%计，未來3年内可净利30M,eps=75 sen,每年约eps=25sen，取pe=10,股价=rm2.50 ,为加强流通量，公司配合红股或拆细计昼股价将有再次爆升，估计第四季会派发股息6sen,
个人分享，買賣自负。
--8192：RM 2.15
Mercury 子公司paramount bounty 从ecofirt,madainc 取得工程合约，室内家俬交付Ahb负责，相補相成，老板張健飞是mercury,ecofirt,madainc,ahb的股东。
Mercury 8192 有近2.99亿合约，平均赚副10%计，未來3年内可净利30M,eps=75 sen,每年约eps=25sen，取pe=10,股价=rm2.50 ,为加强流通量，公司配合红股或拆细计昼股价将有再次爆升，估计第四季会派发股息6sen,
个人分享，買賣自负。
--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。
只是分享，投资请三思且自负.
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.
--
Mercury Industries’ subsidiary to develop RM238mil project in Gombak
KUALA LUMPUR: Mercury Industries Bhd
’s (MIB) 70%-owned subsidiary, Paramount Bounty Sdn Bhd, will carry out construction works for a RM238mil mixed development project in Gombak, Selangor.MIB said Paramount Bounty would build three small office home office blocks, retail space, leisure facilities, mutiple-level parking, electrical substation, garbage facility and a sewage treatment plant.
“The completion period of the project is 27 months from the commencement date of the construction works.
“We expect the project to contribute positively to our financial performance,” it said in a filing with Bursa Malaysia on Tuesday.
Pujian is the appointed turnkey contractor for the project owned by EcoFirst Hartz Sdn Bhd. - Bernama
Read more at https://www.thestar.com.my/business/business-news/2017/02/21/mercury-industries-subsidiary-to-develop-rm238mil-project-in-gombak/#1udZqaChIbcCraZs.99
--
Mercury Industries expects more jobs from EcoFirst, Meda Inc
KUALA LUMPUR: Car paint maker Mercury Industries Bhd is expecting more jobs from EcoFirst Consolidated Bhd and Meda Inc Bhd, following the acquisition of a 70% stake in privately-held Paramount Bounty Sdn Bhd, from major shareholder Datuk Tiong Kwing Hee for RM42 million cash.
Tiong, executive director of Mercury, who is also chief executive officer of EcoFirst, said more contracts will be channelled to Mercury due to his involvement in the two firms.
Tiong holds 17% in EcoFirst and 15% in Meda Inc, while his stake in Mercury stands at 7.99%.
First on the list is a 1Malaysia Housing Programme project consisting of 1,600 apartment units in Melaka, which Meda Inc will be awarding to Mercury, said Tiong.
“Things are still in progress. We are in the midst of finalising the details,” he told reporters after Mercury’s extraordinary general meeting (EGM) yesterday, but declined to elaborate.
He said EcoFirst and Meda Inc will be seeking their respective shareholders’ mandate to award contracts to Mercury.
Tiong said Paramount Bounty may also participate in a mixed development in Kuala Lumpur, which has a gross development value of more than RM1 billion.
He is also confident that Mercury can expect future jobs from Andaman Group, which has previously awarded property development contracts to Paramount Bounty.
At the EGM, Mercury received shareholders’ nod to proceed with a related party transaction (RTP) of acquiring the 70% stake in Paramount Bounty from Tiong, which will see the car paint manufacturer diversifying its core business to include construction.
The group expects to see its new construction business make up as much as 60% of its revenue going forward, with the current core car paint business contributing the rest.
The acquisition will be funded by internal funds and bank borrowings.
As at May 31, 2015, Paramount Bounty’s oustanding order book stood at RM104.3 million — including Diamond Residence Phase 2, Bangi EVO and the renovation of a hotel in Batu Pahat, Johor. Its tender book was at RM562 million.
Mercury’s stake acquisition comes with a profit guarantee by Tiong of an annual net profit of RM6.6 million for FY15 to FY17. The acquisition is expected to be completed in mid-August.
“An RPT is not always bad,” he said. The Edge weekly had previously reported that Mercury’s RPT was a cause for concern for minority shareholders as the company is buying a larger firm valued at RM60 million and diversifying into a business in which it has no prior experience.
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