Highlights
KLSE: AME (5293)       AME ELITE CONSORTIUM BERHAD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
1.89   +0.04 (2.16%)  1.85 - 1.89  4,755,200
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Overview

Market Cap: 645 Million
NOSH: 341 Million
Avg Volume (4 weeks):4,172,063
4 Weeks Range:1.61 - 1.89
4 Weeks Price Volatility (%):
100.00%
52 Weeks Range:1.27 - 1.89
52 Weeks Price Volatility (%):
100.00%
Average Price Target: 1.83
Price Target Upside/Downside: -0.06

Headlines

Date Subject
18-Nov-2019 Construction - Infrastructure Spending Pick Up
05-Nov-2019 Trading Stocks - AME Elite Consortium
31-Oct-2019 PublicInvest Research Headlines - 31 Oct 2019
31-Oct-2019 Mplus Market Pulse - 31 Oct 2019
14-Oct-2019 [转贴] [Facebook live video:浅谈AME Elite consortium berhad (AME)] - James的股票投资James Share Investing
14-Oct-2019 AME Elite Consortium Bhd - Looking Beyond Johor
11-Oct-2019 [12Invest] 壹贰讲股 - 还没上市,但是首季业绩涨了95.96% 的AME?
10-Oct-2019 AME Elite - Industrial Builder
09-Oct-2019 IPO AME Elite Consortium Bhd - Banking On Industrialisation
30-Sep-2019 AME Elite Consortium Berhad - Industrial Space Solutions Provider
27-Sep-2019 [12Invest] 壹贰讲股 - 又有新 IPO, AME Elite Consortium Berhad IPO
27-Sep-2019 IPO - AME Elite Consortium Berhad (AME)

Business Background

AME Elite Consortium Berhad provides real estate services. The Company offers property management, development, construction, and engineering solutions. AME Elite Consortium serves customers in Malaysia.
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DRwarrant IPO AME Elite Consortium Bhd - Banking On Industrialisation
Author: MalaccaSecurities | Publish date: Wed, 9 Oct 2019, 6:09 PM


At an indicative offer price of RM1.30 per share, AME trades at an estimated FY20 and FY21 PERs of 10.5x and 9.6x, at the lower end of the average PER of small-medium size construction peers at 8.0x-13.0x, indicating upside potential, in our view


Investment Highlights

AME Elite Consortium Bhd (AME) started off as a small scale construction player, focusing on the customisation of industrial facilities in 1995. Since then, the group evolved into a niche construction player and diversified into the property development business in 2011. Helmed by a management team with vast experience in the construction sector, AME commands a 2.5% market share in the Malaysia industrial construction segment and 0.3% market share for the Malaysia industrial park segment in FY19.

AME has also established itself a niche integrated construction player, specialising in the development of industrial parks in Malaysia. To-date the group manages four industrial parks (all located within Johor) and has completed over 200 construction projects.

In bid to strengthen its foothold in the industrial park industry in Malaysia, the bulk of its IPO proceeds (RM69.1 mln or 62.2%) will be channeled into future industrial property development and investment projects, whilst RM23.0 mln or 20.7% of IPO proceeds will be utilise as working capital for existing i-Park @ SAC development project. To support the construction business, RM9.0 mln or 8.1% of IPO proceeds will be allocated to the expansion of its precast concrete fabrication facility.

AME has delivered a stable historical three-year (FY16-FY19) compounded annual growth rate (CAGR) of 13.3% on its net profit to RM47.5 mln, on the back of a historical three-year revenue CAGR of 11.2% to RM339.0 bln in FY19.

At an indicative offer price of RM1.30 per share, AME trades at an estimated FY20 and FY21 PERs of 10.5x and 9.6x, at the lower end of the average PER of small-medium size construction peers at 8.0x-13.0x, indicating upside potential, in our view.
11/10/2019 4:49 AM
banking88 sds now below ipo price.this one also the same.the business model nothing special.if recession comes,lari pun tak sempat.
11/10/2019 8:01 PM
DRwarrant Wall Street Overview
Stocks ended sharply higher ( + 319 ) Friday as President Donald Trump said the U.S. had "a substantial phase one deal with China" in the lengthy trade war between the world's two largest economies and delayed tariff increases set to go into effect next week.
12/10/2019 12:05 PM
DRwarrant TP RM 2.50 for AME ELITE IPO
With Fantastic Fundermental of AME Elite + thanks to Dow Jone STEAMINGGG 319 points overnite Friday
12/10/2019 12:09 PM
DRwarrant Main Market-bound IPO AME Elite 1Q net profit surges 96%

Surin Murugiah
/
theedgemarkets.com

October 08, 2019 13:26 pm +08
13/10/2019 1:55 PM
banking88 the sudden profit surge 96% is due to one off property disposal gain.be watchful.
13/10/2019 4:30 PM
DRwarrant At an indicative offer price of RM1.30 per share, AME trades at an estimated FY20 and FY21 PERs of 10.5x and 9.6x, at the lower end of the average PER of small-medium size construction peers at 8.0x-13.0x, indicating upside potential, in our view.

## Noted : Malacca Securities ....AME ELITE SURE ONE lah

*** Thanks Dow Jone STEAMINGGG 319 POINTS Friday $$$$$ !
13/10/2019 7:43 PM
thinkfirst https://www.theedgemarkets.com/article/publicinvest-research-derives-fair-value-rm141-ame-elite#.XaLyQsc4YOc.whatsapp
14/10/2019 8:02 AM
shortinvestor77 Lai Sai SOON.
14/10/2019 8:38 AM
Callmejholow up up up!
14/10/2019 9:16 AM
DRwarrant SOLIDDDDDDDDDD $$$$$$$$$$$
14/10/2019 10:23 AM
xuxu take profit
14/10/2019 10:49 AM
xuxu roller coaster ~~~~
14/10/2019 10:50 AM
neoZ will go 1.70 :)
14/10/2019 2:50 PM
flexibt hmm...still skeptical on this one
14/10/2019 3:44 PM
HuatAh8809 As Long as it is not M&A securities one, it should be OK

Everyone in Malaysia know M&A con so many people already, seem like only regulator don't know
14/10/2019 6:45 PM
James Ng https://klse.i3investor.com/blogs/general/230077.jsp
[转贴] [Facebook live video:浅谈AME Elite consortium berhad (AME)] - James的股票投资James Share Investing
14/10/2019 9:16 PM
siing11 any news for this com up 15cen d
15/10/2019 10:15 AM
Zack164 Today will rocket
16/10/2019 8:25 AM
neoZ will go 2.00
16/10/2019 9:47 AM
geraldt9 Based on what ... no harm to dream.
16/10/2019 12:40 PM
neoZ just wait..this counter is good for long term..
16/10/2019 1:16 PM
Stocker 2600++LOT BOUGHT ~ WOW...
16/10/2019 3:54 PM
Stocker washing out some players... tomorrow uptrend lu
16/10/2019 4:57 PM
SamuelLuke This one is a nono!! Next year will be Rm1~.8 ... see ya guys
29/10/2019 9:51 AM
techlee229 AME Elite Consortium Bhd has proposed to acquire a piece of land in Kulai, Johor, measuring approximately 6.08 hectares for RM25 million to develop units of industrial buildings with a gross development value of RM120 million.

“The development cost will be funded by stage-of-completion payments from customers, as well as internally generated funds and/or bank borrowing in which the quantum or proportion has not been determined.
30/10/2019 5:26 PM
Artane Tomorrow will fly high, mark my words, this counter will reach rm2 soon, it will follow greatech n uwc, take a look on today volume 3pm onward jerung is collected
31/10/2019 6:32 PM
apolloang go go go ame new high
04/11/2019 11:32 AM
apolloang uncle pang u not here? hehe
04/11/2019 11:48 AM
Artane rm2 is coming
04/11/2019 3:49 PM
apolloang 2.00 kambing we mah more kaya....hahaha
04/11/2019 4:39 PM
knightTrader when the share soar everyone praising, when it goes down everyone start to curse it.
04/11/2019 5:14 PM
pang72 Apollo... Never chase high...
Remember this...
I had sold AME...
04/11/2019 10:08 PM
pang72 It is too high as a property stock..
04/11/2019 10:08 PM
pang72 I can't see the way..for ame. Purely goreng!
Jaks can see rm1. 80..
04/11/2019 10:09 PM
pang72 After Jaks hit rm1. 80..... Then you can chase high on Jaks..at rm1. 80..
Another 70c more!!..
Remember buy low and sell high!
Chase high and sell low will not work!

AME game ended here!
04/11/2019 10:14 PM
Artane At 2.53 pm, 1 bundle 11,713 was buy at price 1.75 equivalent to rm 2,049,775, from the fibo the price will hit rm2 then continue to 2.50, rm2 will hit soon, buy this strong turbo stock will follow greatech and uwc
04/11/2019 10:59 PM
apolloang I make many rounds on jaks tired of the old lady liao,now looking for younger chicks like AME,also sounds like AMY.....hehe
05/11/2019 1:01 AM
Cnlim You are right ame is new chick n fresh don't look at old chick with many people promoting haha
05/11/2019 6:00 AM
pang72 Ame pe11... 1.7
Jaks pe11.... 2.6..today jaks at 1.1

Apollo...dont chase high!!
Remember!!
05/11/2019 7:40 AM
pang72 I stop chasing high long ago. It is dangerous!!
Buy low sell high!!
05/11/2019 7:41 AM
genius Pang done suicide. Ame rm2. Pang gth
05/11/2019 1:37 PM
knightTrader Pang buy lots of Jaks. So need u all help to push up so he can sell
05/11/2019 1:43 PM
Artane https://www.theedgemarkets.com/article/ame-elite-consortium-may-rise-higher-says-rhb-retail-research
05/11/2019 2:21 PM
Artane https://www.theedgemarkets.com/article/ame-elite-consortium-may-rise-higher-says-rhb-retail-research
05/11/2019 2:21 PM
Artane Rm 2 is coming buy now its still early, who still have still stock hold it till rm2 and rm2.5
05/11/2019 2:22 PM
Wawai Samah Nyum2
15/11/2019 2:31 PM
Wawai Samah Rm2 coming
18/11/2019 1:07 PM
smallfishyu AME Elite Consortium may rise higher, says RHB Retail Research
21/11/2019 3:05 PM
techlee229 AME Elite Consortium Bhd has proposed to acquire a piece of land in Kulai, Johor, measuring approximately 6.08 hectares for RM25 million to develop units of industrial buildings with a gross development value of RM120 million.

“The development cost will be funded by stage-of-completion payments from customers, as well as internally generated funds and/or bank borrowing in which the quantum or proportion has not been determined.

“The expected commencement date of the development is by the second quarter of 2020 and slated for completion in a period of 18 months,” the company said in a filing to Bursa Malaysia.
21/11/2019 3:07 PM


 

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