Highlights
KLSE: PTARAS (9598)       PINTARAS JAYA BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
2.29   -0.02 (0.87%)  2.29 - 2.32  41,000
Analyze this stock with MQ Trader system

Overview

Market Cap: 380 Million
NOSH: 166 Million
Avg Volume (4 weeks):44,605
4 Weeks Range:2.28 - 2.47
4 Weeks Price Volatility (%):
5.26%
52 Weeks Range:1.80 - 3.43
52 Weeks Price Volatility (%):
30.06%
Average Price Target: 4.04
Price Target Upside/Downside: +1.75
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#3]  |  29-May-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  29-Aug-2020
T4Q P/E | EY: 8.50  |  11.77%
T4Q DY | Payout %: 6.99%  |  59.35%
T4Q NAPS | P/NAPS: 1.97  |  1.16
T4Q NP Margin | ROE: 10.19%  |  13.68%

Headlines

Date Subject
02-Jun-2020 Mplus Market Pulse - 2 Jun 2020
11-May-2020 新加坡需求稳定‧鹏发盈利展望健全
08-Apr-2020 【行家论股/视频】鹏发 狮城停工影响入账
07-Apr-2020 Mplus Market Pulse - 7 Apr 2020
07-Apr-2020 PublicInvest Research Headlines - 7 Apr 2020
12-Mar-2020 Pintaras Jaya (BUY, Maintain) - Earnings Remain Resilient
03-Mar-2020 PublicInvest Research Headlines - 3 Mar 2020
24-Feb-2020 Pintaras Jaya - 6MFY20: Above Expectations
24-Feb-2020 Pintaras Jaya - 6MFY20: Above Expectations
14-Feb-2020 Construction - Focus on Execution
25-Nov-2019 Pintaras Jaya - Remain Positive
18-Nov-2019 Construction - Infrastructure Spending Pick Up
26-Sep-2019 Construction - More Optimistic Outlook
11-Sep-2019 PublicInvest Research Headlines - 11 Sept 2019
11-Sep-2019 Mplus Market Pulse - 11 Sept 2019
10-Sep-2019 70%营收来自新加坡·鹏发盈利前景转晴
30-Aug-2019 Pintaras Jaya - Strong Earnings Growth
19-Aug-2019 PublicInvest Research Headlines - 19 Aug 2019
19-Aug-2019 Mplus Market Pulse - 19 Aug 2019

Business Background

Pintaras Jaya Bhd is a Malaysia-based company engaged in the manufacturing of metal containers and piling and sub-structure construction activities. It operates through two segments namely Piling, civil engineering and construction works and Manufacturing. The Piling, civil engineering, and construction work segment include piling and earth retaining systems, sub-structures and basements, ground improvement, earth and civil engineering and building work. Its Manufacturing segment consists of metal containers. Additionally, the company undertakes several projects for the development of buildings, roads, cultural facilities, cultural facilities and much more.
Trade this stock and receive a FREE I3investor T-shirt after 5 trades. Find out more.

  8 people like this.
 
commonsense Excluding the one-off gains on disposals and the fair value loss on financial assets, 1Q19 result would have actually been a lot lower than the reported RM2.8mil profit (core profit would have been around RM500k). Investors are worried that the margins compression seen in 1Q19 will stay for the foreseeable future given the challenging market for piling services at the moment. Other piling companies like Econpile and Ikhmas Jaya also recorded lower profit margins in their recent quarterly result.

With a depleting orderbook of only RM300mil (potentially can last until end of FY20) the company will be desperate in getting new contracts to replenish its orderbooks. The negative outlook of the construction industry (due to government decision to review, delay or cancel big projects) and property industries (developers are scaling back on new launches) might make it challenging for Pintaras Jaya to asked for higher margins when submitting their tenders given that there will be a lot more contractors eyeing for a smaller pie of any future projects.

Near future earnings will mainly derive from the Singapore market (via their newly acquired Pintary International which has 70% of the orderbook value). However, it is still not sure what will the margins be for the Singaporean market. Full quarter contribution can only be seen in the 2Q19.

If the company managed to achieve a Pat of RM10mil for FY19 (assuming the Singapore business managed to deliver a higher profit margin), at the current share price, Pintaras Jaya would still be valued at 38x PE which is very high for a company with limited orderbooks, declining profit margins and operating in the construction industry which is currently trading at an average of below 10x PE.

If you are looking to diversify your portfolio outside of Pintaras Jaya (due to its relatively high valuation and weak earnings outlook), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
04/02/2019 5:22 PM
chongyh84 Pintaras' foray into Spore is starting to pay off. If it weren't for RM7.8mil in FV loss in investments, the net profit for the 2Q19 quarter would have been at least RM9mil...
23/02/2019 9:52 AM
VSOLAR Sailang Margin All In If If If so many ifs
27/02/2019 10:36 AM
scotthong PTARAS (9598)
March 23, 2019 | HONG WEI GIET

Technical Analysis
===========
- PTARAS completed double top reversal on Aug 129 2018. (Duration: 1079 Trading Days / 3 years). It will have a great impact on shares price movement.
- It reduced from peak with 48.10% since July 06, 2017.
- There are 2 huge transaction volume on June 09, 2017 (High Volume-1) and April 04, 2018 (Hi


More:- https://www.fundamental-technical-analysis.com/malaysia/author/HONG-WEI-GIET
23/03/2019 5:57 PM
cefiro22 A total of 121 infrastructure projects worth more than RM13.9bil nationwide, which were offered directly and through limited tender by the previous administration, will go forward following cost renegotiation by the Pakatan Harapan government, says Finance Minister Lim Guan Eng
Read more at https://www.thestar.com.my/news/nation/2019/03/31/121-projects-worth-almost-rm14bil-to-go-on-after-renegotiation-says-guan-eng/#jtjO1q8C6uSJiGgu.99

So, Piling Companies like Pintaras will be the first to benefit, so let's see the next few quarterly results before we take action to dump the shares now at rock-bottom prices.
31/03/2019 6:44 PM
VSOLAR Sailang Margin All In This one way too expensive look at Econpile! Much cheaper valuation! Much more potential too!
01/04/2019 10:30 PM
greenpack http://malaysiastock.biz/Company-Announcement.aspx?id=1132543
04/04/2019 7:04 PM
cefiro22 TQ..for the update...positive news making it harder to collect this stock now with more positive upside.
05/04/2019 9:57 AM
cefiro22 Waiting for price to retract,never happened... no choice bought at higher prices today.
26/04/2019 11:38 AM
3101575000 Good news??
26/04/2019 11:53 AM
cefiro22 11:45:33 AM 2.610 17,400 Seller.....I wish I could ask him why he decided to gobble up the seller in one go!
26/04/2019 12:31 PM
LATO' SELI This counter has got no future??
15/07/2019 1:06 PM
sysz820 Received high deviden
15/07/2019 11:42 PM
cefiro22 update...opened this morning up 9 sen...
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6240857
01/08/2019 9:07 AM
calvintaneng Post removed. Why?
16/08/2019 8:29 AM
3101575000 Qr released
29/08/2019 6:30 PM
3101575000 Very good
29/08/2019 6:30 PM
sysz820 Finally,pintaras great quarter result
29/08/2019 6:35 PM
VenFx Wah lau

x3 qtr continuosly n.profit up3
29/08/2019 6:46 PM
sysz820 Secure order book from singapore,great
11/09/2019 9:55 PM
cooldownguy86 Come down boss mau beli ni
18/09/2019 9:19 PM
SpaceNeedle Anyone know which quoted shares ptaras invests?
11/11/2019 3:02 PM
perangbrown BRIEF-Pintaras Jaya Says Lim Chee Eng Appointed As Executive Director
19/11/2019 4:13 PM
3101575000 Qr result released
22/11/2019 10:21 PM
Fundamentalist Why such a sudden big drop? Anyone has any idea? Thanks.
02/12/2019 12:54 PM
3101575000 What happen??
02/12/2019 5:31 PM
3101575000 Any bad news for the sudden big drop?
02/12/2019 5:34 PM
densim there's no vol on that drop...
02/12/2019 5:35 PM
3101575000 Wah Very good result!!'
21/02/2020 6:05 PM
ming Suddenly so good.. no sure contribution from which project
22/02/2020 12:25 AM
kai8994 7% dividend yield at current price with steady business outlook. good for defensive play
12/03/2020 3:54 PM
tradeview We like Pintaras Jaya for mid to long term for exposure to the construction sector.
24/04/2020 9:54 PM
kancs3118 another rubbish stock - bored with local Malaysian hookers - decided to venture off to shag singaporean hookers~!
05/05/2020 6:42 PM
kancs3118 Sampah stock ...Singapore has implemented the circuit breaker and foreigners are the highest contributor to the Covid19 pandemic....this will drag Pintaras
07/05/2020 7:05 PM
donald770 This Covid will definitely derail its construction work in Singapore. But factoring this in I still consider worth holding for:
1.This Co could work to Singapore government strict requirements.
2.its balance sheet is healthy.
3.imagine Malaysian Co earning Sing dollar..
4.Singapore govt has big cash reserves.
Thanks. Pls share
20/05/2020 8:19 PM
sysz820 Any 1 know the loss in investment?
29/05/2020 7:12 PM
donald770 The loss was due to fair value loss loss of 15.1m for qouted investment.
29/05/2020 8:03 PM
kancs3118 What investment is that for ?
29/05/2020 11:04 PM
sysz820 Ya,what kind of investment?
29/05/2020 11:53 PM
zhangliang Likely FV loss on a listed security or derivative product. Either one
30/05/2020 1:22 AM
kancs3118 Pintaras Jaya Bhd has bagged a piling contract worth S$39 million (RM119 million) in Singapore. The 10-year contract will commence in August. In March, Pintaras Jaya had announced that it had won several piling contracts worth a combined RM116 million, with contract periods of between three and eight months.
02/06/2020 12:41 PM
kancs3118 From The Edge
02/06/2020 12:42 PM
danchong Zhangliang, the market is back up in a hurry now to our surprise. Do you think they will write back the FV?
06/06/2020 11:48 PM
danchong Very disappointed with the drastic dividend cut. Hope the management to rectify that in declaring the final dividend
06/06/2020 11:51 PM
zhangliang agree with u danchong! I don noe what they invest. But if the share they invest rebound, I think FV will rebound!
17/06/2020 4:46 PM
donald770 It's a good stock but no active traders here. Don't u think they make more from business operations but write down their quoted investment. What is your take on their short n long term prospects with covid in Singapore ? Thanks
24/06/2020 6:01 AM
Knownfact Agree with Zhangliang, next Q no operating profit & hope for some FV recovery. When work resume in Singapore then we can also see operating profit starting to roll out. Order book is good.
29/06/2020 2:28 PM
3101575000 I think Pintaras have good prospect since the boss is kind all the while to try hard for the business
12/07/2020 9:45 AM
sysz820 This is a good fundamental company with low pe
21/07/2020 7:37 PM
lionel messi yes, high dividend too when times are good. well managed with healthy balance sheet and zero gearing. good corporate governance unlike many listed companies who rip off minority shareholders.
27/07/2020 9:51 AM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Earn MQ Points while trading with MQ Traders Group
MQ Affiliate
Earn side income from MQ Affiliate Program
 
 

237  841  406  512 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 XOX 0.24-0.015 
 SAPNRG 0.115-0.015 
 BORNOIL 0.07+0.005 
 AT 0.09-0.015 
 PWORTH 0.040.00 
 PHB 0.035-0.005 
 LAMBO 0.0550.00 
 TRIVE 0.020.00 
 PHB-WB 0.02-0.005 
 NEXGRAM 0.0650.00 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers