Business
- Construction
- Property (Revenue: 41%)
- Trading of buildings materials
- Logging and Timber Trading Segment (Revenue: 28%)
- Logistic
Geographical Area
- The Group operates in Malaysia and Australia
Financial Performance
- Revenue (QoQ: increased ; YoY: increased)
* Current quarter's revenue was mainly contributed from property segment (large portion) and logging segment
- NP (QoQ:increased ;YoY: increased)
*PBT from construction and trading (loss)
*Current quarter's net profit mainly contributed by property segment (Smaller portion compared with logging) and logging segment (larger portion)
- GPM (Current quarter: 33.33% ; PYCQ: 18.39%)
- TR: decreased
- Cash and bank balances: decreased
- LTB: Reduced (Borrowing in small portion)
- STB: increased 39.98%
Business Segment Performance
- Construction sector
* The lower revenue in the current quarter was due to lower construction activities on those completing projects and the newly awarded projects are still in the preliminary stage.
- Logging and timber segment
* Contributed higher revenue compared with PYCQ due to higher timber price and demand
- Property segment
* Group has completed its maiden project, the GardenHill, Melbourne, Australia and recognized a revenue of RM138.0 million, represents approximately 57.7% of the Gross Development Value (“GDV”) of the project, in
the current quarter
* The remaining GDV will be recognized upon settlement by the purchasers
Business Plan
- Logging and timber segment
* will continue to generate significant contribution to the Group’s revenue, on the back of stable average prices of timber products
- Property segment
* in April, the Group has launched its second project Paragon, Melbourne, Australia
* Project in Kuala Lumpur, Rica Residence Sentul is expected to be officially launched in the next quarter.
Logging and timber segment
- This quarter (Jan-March) has contributed a higher revenue of RM34.9 million in the current quarter as compared to the preceding year corresponding quarter of RM27.1million.
- Next quarter (April - Jun) downtrend. Unless demand higher, revenue from logging segment might achieve higher
Contract Awarded
- LETTER OF ACCEPTANCE ON THE CONTRACT FROM POS AVIATION SDN. BHD.
* The Contract period is Thirty Two (32) weeks commencing from 22 May 2017 to 29 December 2017.
* Contract value : RM29,521,016.00
* The Contract is expected to contribute positively to the earnings and net assets of the FBG Group for the financial year ending 30 June 2017 and 30 June 2018.
- LETTER OF ACCEPTANCE ON THE CONTRACT FROM EAST COAST ECONOMIC REGION DEVELOPMENT COUNCIL
*The Contract period is Seventy Eight (78) weeks commencing from 22 August 2016 to 18 February 2018.
* Contract value: RM20,963,800.00
* The Contract is expected to contribute positively to the earnings and net assets of the FBG Group for the financial year ending 30 June 2017 and 30 June 2018.
- LETTER OF ACCEPTANCE OF THE CONTRACT FROM MINISTRY OF TRANSPORT MALAYSIA TO FAJARBARU BUILDER SDN. BHD.
* Contract value: RM259,700,000.00
* The Contract is expected to contribute positively to the earnings and net assets of the FBG Group for the financial years ending 30 June 2017 to 30 June 2019.
* The site possession of the Contract is 3 June 2016 and the construction period is Thirty Six (36) months.
Share price
- Weighted average no. of shares :( Current Quarter:361,706,000 ;PYCQ: 328,870,000)
- SP: 0.965(9/6/2017)
- TP by 欧阳锋: RM1.00, PE:15
- Assume, Next quarter EPS 1.21,given PE:12,SP: RM1.09
- upside profit 12.69%, downside risk 7.82% /19.87%
Reference
http://www.sharetisfy.com/2017/02/fajar-7047-fajar-by.html
http://life1nvest.blogspot.my/2017/02/fajar-by.html (好文)
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