【VINVEST 0069 交流专区】 (前名 VIVOCOM)

johorphang

Vivocom 0069 Top  4 vol leader at 35M, closed 28c up 1c last Friday after a strong  technical rebound.

Past 6 trading days since 19th Aug, the whole market literally collapsed due to poor Q2 results from several leading main board companies.

Vivocom likewise retraced on a total volume of 187M shares and held up extremely well in comparison as all the selling volume was all well absorbed by ready buyers who saw value in the Company long term.

A clear indication that the smart-money have taken a bullish stand on Vivocom for the near-term.

Market rumours have it that Vivocom will announce a solid set of Q2 results that will be better its Q1 PAT of RM19.8M, n far surpassed the RM15M forecasted by several analysts.

There is also market-talk that the Company will be securing another major contract far exceeding RM500M.

Two weeks ago the Company secured a contract worth RM756M.

If rumour proves correct that will bring its total contract secured within a month to over RM1.3 Billions.

News circulating in the market that several major market-makers n funds are bracing the counter for a major PE RERATING after Q2 results announced.

Prospects of a MAJOR GAP UP on 1st September when market reopens is now high in view of the latest developments.

Major GAP UP maybe by 5c or 10 levels as happened on NOV 18th from 26.5c to 31.5c on Nov 19th.

Let's make it happen together team Vivo or Vivo fans!!!

Anything below 30c we believe is a bargain-buy on Monday 29th n Tuesday 30th.

Let's make Vivocom price SOAR on 1st Sept. Let the HERDS in the market charge through n drive the Vivocom price up toward above 33c!!!

Wow 33c!!!

icy97

怡丰潜能极度低估/草根牛马

2016年8月29日

黄金十年●草根牛马

怡丰国际如此快速增长，难免有人担心财务灌水，退场观望。

文接上期，正当我们觉得Instacom集团将步IPOWER的后尘，前景堪虞之际，它在去年8月突然宣布3送1派红股，以及继续发股（每股10仙）和部分现金收购另43%的NEATA 铝业（马）有限公司。

这项收购完成以后，NEATA的大股东环球绿洲资源（Global Oasis Resources S/B）控制了Instacom集团的25.88%（也算是小型的倒置收购），成为单一最大股东。

没想到这次收购，竟然买到了一座宝山。

原来这家名为NEATA的公司，旗下有家子公司叫怡丰企业（Vivocom Enterprise），竟然是中国建筑公司中国铁建（CRCC）的主要承包商，所持的工程计划价值，比母公司Instacom集团的营业额还要高。

合约订单源源不绝

眼见来自怡丰的合约订单源源不绝，公司当机立断，决定改名为怡丰国际（Vivocom International）。

公司在去年9月完成收购以后，脱胎换骨，股价也开始往上冲，从10仙的谷底，冲上35仙，目前在30仙徘徊。

由于公司的合约陆续有来，根据内部预测，营业额在2016年有7亿令吉，2017年则上看21亿；我们比较一下2015年，全年营业额是9867万令吉，净利达835万令吉（每股0.62仙）、

如果不是新收购的建筑和铝业最后3个月贡献了整5000万令吉的营业额和600万令吉的盈利，2015年业绩只怕很难看。

到了2016年，首季营业额已经是1.41亿令吉，超过2015年的整年营业额，净盈约2000万令吉（每股0.81仙），如此牛的公司，难怪在今年7月又建议4送1红股。

红股获准股价走软

至于故事如此快速增长，难免有人担心财务灌水，退场观望，因此股价在红股会议通过以后走软。

不过，以公司的营业额和净利走势，在半年业绩宣布后，股价应该恢复稳定。

至于是不是灌水，我手上没有看透世情的水晶球，唯有相信财务报告经过专业审计师的审核，不应出错。

两年营收28亿可期

公司截至8月19日所宣布的得标工程，累积数额已经高达18亿令吉，而且受颁发的工程合约还继续增加，看来两年营业额28亿令吉，不是不可能的。

在4送1红股之前，公司缴足资本是2.574亿令吉，股票数额25.74亿（面值10仙）。

如果以今年首季的业绩类推，那么，2016年的盈利预测是1亿令吉（每股4仙），本益比7至8倍；而2017年是3亿令吉（12仙），本益比2.5至3倍。

建筑股的本益比通常在12倍以上，因此，这充分显示出，如果不是市场极度低估怡丰国际的潜能，就是市场严重对它的财政没有信心。

到底哪个是对的，我们这个星期先看看它的半年业绩多好；两个季度下来，可以见真章。

至于股息，我觉得未来两年公司处于高增长期，只会以股代息，现金股息免谈。

免责声明

除了股票基本面，本文内容纯属虚构，所有提及股项纯属学术上或经验上的建议，读者若有兴趣投资，应该自行深入研究或询问股票经纪才决定，盈亏自负。

我们鼓励通过正确的投资方式创造财富，文中的建议，都有一个完整的买卖纪录。

【e南洋】

johorphang

Mid-Day Review & Analysis 29 Aug

VIVOCOM jump-start in  the morning session on aggressive buying-support linked to talks the the 2Q profits-after-tax results due for release tomorrow would a significant
jump from from both the trader guesstimates and the 1Q results of RM19.8 M.

Unconfirmed talks circulating among traders that VIVOCOM had secured an additional fresh order to the tune of RM700 encouraged  
people where's on the sideline to jump in today.

Total volume was moderate at 26.48 M shares with bulk of trades done at 28.5 and 29.0.

Buyers remained the aggressors by booking sellers 75.9% of trades.

Immediate upside price- target based strictly on technical trading is now at 32.0-33.0 levels.

If they are successful penetrated with high volume, prices would then advance higher to the 35.0-36.0 levels.

The Quantitative Algorithm signal closed the morning in positive convergence and call for further upside trading.


Prices trended upwards from 28.0 to 29.5 sens and closed at 28.6, up half a sen from previously.

goldentriangle

result just out, Superb Outstanding result!!!
超强业绩刚出炉, Vivo 2QR 赚大钱!!!
http://www.bursamalaysia.com/mar ... nouncements/5192193

Revenue => RM121.56 million !!!
Profit Before Tax => RM32.30 million !!!
Profit After Tax => RM25.42 million !!!
Net Asset per share increased to 0.33 !!!

Revenue => RM121.56 million (As at 30 Jun 2016) from RM8,642 (As at 30 Jun 2015)
An increased of +1307 percent !!!
Profit Before Tax => RM32.30 million (As at 30 Jun 2016) from -RM-1.46 million
An increased of over +33000 percent !!!
Profit After Tax => RM25.42 million (As at 30 Jun 2016) from -RM-1.46 million
An increased of over +25500 percent !!!

怡丰国际次季赚2101万
2016年8月31日
http://www.enanyang.my/news/20160831/怡丰国际次季赚2101万/

（吉隆坡30日讯）由于整合了子公司业务，怡丰国际（VIVOCOM，0069，主板建筑股）截至6月30日次季，净赚2101万4000令吉，去年同期为净亏145万9000令吉。

同时，次季营业额也从上财年同季的864万2000令吉，按年飙涨13.06倍，报1亿2156万令吉。

根据文告，Vivocom企业私人有限公司（VESB）和Neata Aluminium（大马）有限公司（Neata），于去年11月成为怡丰国际的子公司。

整合业务之后，VESB崛起成为集团营业额主要支柱，次季贡献了9406万8000令吉，占总数77.4%。

从去年11月至今，VESB和Neata已获得总值14亿1200万令吉的合约，加上手握订单强稳，因此，董事部认为2016财年表现会令人满意。

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	121,560	8,642	263,104	15,680
2	Profit/(loss) before tax	32,293	-1,459	65,592	-535
3	Profit/(loss) for the period	25,424	-1,459	50,545	-535
4	Profit/(loss) attributable to ordinary equity holders of the parent	21,014	-1,459	40,885	-535
5	Basic earnings/(loss) per share (Subunit)	0.85	-0.14	1.65	-0.06
6	Proposed/Declared dividend per share (Subunit)	0.00		0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3300		0.1400

johorphang

Vivocom delivers beyond expectations with record-breaking Q2 results!
Aug 30th, 2016 – by Business Today0
http://www.businesstoday.net.my/vivocom-delivers-beyond-expectations-with-record-breaking-q2-results/

Profit before tax skyrockets to 32.29 million on back of solid turnover of RM121.56 million!
After accounting for taxation of RM6.87 million, profit after taxation came in at RM25.42 million!

Vivocom Intl Holdings Berhad (stock code: 0069)’s successful transformation to a fully-fledged construction group was most evident yet again when the company reported a sterling set of financial results for its second quarter ended 30 June 2016.

In an announcement to Bursa Malaysia this evening, the company announced that Q2 profit before tax soared to RM32.29 million from a deficit of RM1.50 million in the previous year’s corresponding quarter.

This unprecedented profit was achieved on the back of a surge in turnover of RM121.56 million from RM8.64 previously. After accounting for taxation of RM6.87 million, profit after taxation came in at RM25.42 million.

The solid set of results for Q2 – which even surpasses what was already an achievement in Q1 when net profit came in at RM19.87 million on the back of RM141.54 million in turnover – was attributed predominantly to Vivocom’s construction division, which contributed 77.4% of total revenue.

The Vivocom group has been on a consistent winning spree, securing several notable contract wins since late last year and an estimated order book of RM2 billion, with more projects still to come very soon.

This month alone, Vivocom announced its biggest project won to date amounting to RM756 million when it partnered with Seni Prospek Sdn Bhd to build 4,032 units of affordable housing as part of the Bandar Tasik Amanjaya township located in Tronoh on the outskirts of Ipoh, Perak.

When fully completed, this development will form part of the mammoth 1,469 acres Bandar Tasik Amanjaya township, which is the brainchild of state-owned Menteri Besar Incorporated (MB Inc), would also comprise condominium units, retirement homes, terrace and semi-detached houses, bungalow, shops, a street mall and various institutions of higher learning.

In its recent “Corporate Update”, MIDF Research describes the “expanding orderbook of Vivocom as evidential of Vivocom’s business model clarity and direction.”

MIDF Research also believes Vivocom had clinched RM3.5 billion worth of projects thus far.

“This is reassuring as Vivocom tapers down the risk of relying too heavily on projects from China’s State-owned Enterprises (SOE). We view the project awards from Perak as a stepping stone for Vivocom to win more government related works considering that track record is a primary consideration in winning any bids from Public Works Department (PWD) and the Ministries,” MIDF Research further said.

“Hence we believe that its orderbook will continue to rise to meet our earnings expectation for the next three financial years,” it added.

As a result of the overwhelming developments, MIDF Research had maintained its “BUY” call on Vivocom and upgraded its target price to 63sen (from 59sen previously).

CIMB Research, meanwhile, has an “ADD” rating on Vivocom with a target price of 78 sen, an upgrade from its previous 72 sen target price.

Meanwhile UOB Kay Hian in its Retail Market Monitor note dated 19th August under its heading of “Stock to Watch”, has highlighted: “Vivocom as a Technical Buy with a 154% potential return within a time frame of 2 weeks to 2 months with a Target Price of 79c/86 sen and a stop loss at 24.5 sen.”

A few days later on 24th August, Affin Hwang Investment Bank Bhd made a similar “BUY” call on Vivocom with a medium (6 – 12 months) term target price of 50 sen, hence offering an upside potential return of around 72.4% from current levels.

“Lions do not need to roar… more to come as Vivocom goes from strength to strength”

In another development, Vivocom shareholders had on 22 August approved the company’s proposed 1 for 4 Bonus Issue.

Vivocom executive director Choo Seng Choon confirmed that the Bonus Issue will be fully completed by early September 2016 as a gesture “to reward all our existing shareholders and to thank them for their continuous support through ‘thick and thin’.”

The Ex and Entitlement dates for the bonus issue have been fixed on 5th and 7th September respectively.

Choo added that the Bonus Issue shall increase in the Company’s issued and paid-up share capital to a level which would be more reflective of its current scale of operations and assets employed as a “beckoning Construction Giant”.

“Lions do not need to roar,” he said, adding that “there’s more to come as the company grows from strength to strength”.

“We may be seen as a new kid on the block within the construction sector, but rest assured we are working tirelessly and relentlessly to deliver the highest possible performance to meet all stakeholders’ satisfaction and par excellence, especially for all our faithful shareholders,” he further said.

He concluded by stating: “With the commendable Q2 results just delivered, we hope to convey that we will continue to keep delivering and will not rest on our laurels to constantly maximise and multiply value for all our shareholders.”

johorphang

CIMB Research (31 Aug) MAL: Vivocom Intl Holdings Bhd - Another Smashing Quarter (ADD - Maintained): https://brokingrfs.cimb.com/A5XG ... _5yNSP9ygq6B8W0.pdf

johorphang

After reporting strong Q2 results, Vivocom now lands another new RM600 million project in Perak!
Sep 1st, 2016
http://www.businesstoday.net.my/ ... n-project-in-perak/

goldentriangle

johorphang 发表于 1-9-2016 07:41 PM
http://www.businesstoday.net.my/after-reporting-strong-q2-results-vivocom-now-lands-another-new-rm600-million-project-in-perak/

wow, Vivocom 最新bursa malaysia company announcement!
Vivocom 获得RM600million (6亿令吉) 新工程!



发展怡保总值6亿公寓
怡丰国际受委统筹承包
2016年9月2日
http://www.enanyang.my/news/20160902/%E5%8F%91展怡保总值6亿公寓br-怡丰国际受委统筹承包/

（吉隆坡1日讯）怡丰国际（VIVOCOM，0069，主板建筑股）子公司Vivocom Enterprise私人有限公司，被委任为一项发展总值约6亿令吉公寓计划的统筹承包商。

怡丰国际今日向马交所报备，Vivocom Enterprise已与Dazamega Ventures私人有限公司签署协议书（HoA）。

根据文告，该项公寓发展计划位于怡保，共有6座22层楼高的公寓。

无论如何，该公司未透露合约总值，需等待双方所签署的最终合约和所完成的订单，况且发展成本也未敲定。

怡丰国际指出，双方必须在本月底前签署最终合约，此外，怡丰国际必须在公寓发展计划推介后的48个月内，完成设计、建筑和基建等建筑活动。

Type	Announcement
Subject	OTHERS
Description	VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") (Formerly known as Instacom Group Berhad) - APPOINTMENT OF VIVOCOM ENTERPRISE SDN BHD AS THE TURNKEY CONTRACTOR FOR THE DEVELOPMENT ON HSD 228147, PT 262096, MUKIM HULU KINTA
1. INTRODUCTION The Board of Directors (“the Board”) of Vivocom is pleased to announce that on  1 September 2016, Vivocom had vide its subsidiary company, Vivocom Enterprise Sdn Bhd (“VESB”), entered into heads of agreement (“HoA”) with Dazamega Ventures Sdn Bhd (“Dazamega”) to be appointed as the turnkey contractor for the development on a piece of land located at HSD 228147, PT 262096, Mukim Hulu Kinta (“ Project” or "Proposed Development"). Subject to the execution of the final agreements, Dazamega will appoint VESB as the turnkey contractor for the Project. The estimated Gross Development Value (“GDV”) for the project is RM 600 million, comprising of six blocks of 22-storey residential condominium. The execution of the final agreements shall be conditional upon the finalisation and completion of the contract bill of quantities. Further details of the Project will be announced upon the execution of a formal final agreement between the Parties. 2. SALIENT TERMS OF THE HOA The salient terms of the HoA include, amongst others, the following:- 2.1 Proposed Development 2.1.1 Dazamega is the developer to develop the Land with an estimated gross development value of approximately RM600 million (Ringgit Malaysia Six Hundred Million) to build 6 blocks of 22 storeys condominium. 2.1.2 Subject to the terms and conditions of the HoA, Dazamega will appoint VESB as the turnkey contractor to design, construct the structures, infrastructures and all associated works on the said Development. In turn, VESB is required to complete the construction of the whole development within 48 months after the launch. 2.1.3 The Parties are not obligated to proceed with the Proposed Development unless the terms and conditions of a final agreement is agreed upon and executed by 30 Sept 2016, unless further extended by mutual agreement between the Parties. 3. SOURCES OF FUNDS The cost and outlay by VESB as the turnkey contractor to implement the Project have not been fixed and shall be determined once the terms and conditions of a final agreement is mutually agreed upon by the Parties. Once determined, VESB will finance the cost and outlay by way of the internally generated funds and/or bank borrowings, as and when required. 4. FINANCIAL EFFECTS Barring unforeseen circumstances, the Proposed Development is expected to contribute positively to the future earnings of Vivocom. Further details of the financial effects arising from the Proposed Development will be announced upon the execution of the final agreement by the Parties. 5. INTERESTS OF DIRECTORS, SUBSTANTIAL SHAREHOLDERS AND/OR PERSONS CONNECTED None of the directors and/ or substantial shareholders and/ or persons connected to the directors and/ or substantial shareholders of Vivocom have any interest, whether direct or indirect, in the Proposed Development. This announcement is dated 1 September 2016

明天Vivocom必定会大起!

icy97

怡丰国际
订单上看30亿

2016年9月7日

分析：联昌国际投行研究
目标价：62仙

最新进展:

7月时，怡丰国际（VIVOCOM，0069，创业板）建议以4配1比例，派送最多8亿7031万1821股红股。

该红股计划已经在本月5日除权。

在派发红股后，怡丰国际的股票数量，从26亿股提高至32亿股。

股票数量增加，可激励股票交易流动，因为较低的股价让散户投资者更能负担。

行家建议:

红股虽然不会改变公司的基本面，不过本地投资者向来把红股视为正面因素，因为股票变多可改善流通率，虽然怡丰国际并没有面对这种问题。

针对怡丰国际的红股行动，我们不感惊讶，因为公司在首季业绩汇报会时，管理层已给予提示。

另外，怡丰国际在本月1日受委为统筹承包商，在霹雳发展一项总值约6亿令吉的公寓计划，使今年获得的新合约总值达到29亿令吉。

我们相信公司在末季还能赢得几项小合约，推动年底订单总额达至30亿令吉。

我们维持“增持”评级，保持62仙的目标价格。



【e南洋】

icy97

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) BONUS ISSUES
Description	VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") (FORMERLY KNOWN AS INSTACOM GROUP BERHAD)BONUS ISSUE OF UP TO 870,311,821 NEW ORDINARY SHARES OF RM0.10 EACH IN VIVOCOM ("VIVOCOM SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING VIVOCOM SHARES HELD AT 5.00 P.M. ON 7 SEPTEMBER 2016 ("BONUS ISSUE")
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Bonus Issue. We refer to our earlier announcements dated 12 July 2016, 14 July 2016, 22 July 2016 and 23 August 2016. i. the exact number of Bonus Shares to be listed and quoted on 8 September 2016 is 646,844,282 Bonus Shares; ii. the exact number of additional Warrants B to be listed and quoted on 8 September 2016 consequential to the Bonus Issue is 125,229,175 Warrants B; iii. the new exercise price for the Warrants B is RM0.20 per Warrant B; iv. the exact number of additional Warrants C to be listed and quoted on 8 September 2016 consequential to the Bonus Issue is 50,073,502 Warrants C; v. the exercise price for the Warrants C remains unchanged at RM0.10 per Warrant C; vi. the exact number of additional Warrants D to be listed and quoted on 8 September 2016 consequential to the Bonus Issue is 48,164,860 Warrants D; and vii. the exercise price for the Warrants D remains unchanged at RM0.10 per Warrant D. The above will be in effect from 9.00 a.m. on Thursday, 8 September 2016. The latest issued and paid-up share capital after the issuance and allotment of the Bonus Shares pursuant to the Bonus Issue is RM323,422,141.30 comprising of 3,234,221,413 Vivocom Shares. This announcement is dated 7 September 2016.

icy97

Notice of Person Ceasing (29C)

VIVOCOM INTL HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	MISS ANNE KUNG SOO CHING
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary Shares @ RM0.10 each
Date of cessation	02 Sep 2016
Name & address of registered holder	Anne Kung Soo Ching432, Lorong 3, Kenny Hill,93350 Kuching,Sarawak

Currency	Malaysian Ringgit (MYR)
No of securities disposed	3,000,000
Price Transacted ($$)	0.280
Circumstances by reason of which Securities Holder has interest	Disposal through the open market
Nature of interest	Direct
Date of notice	08 Sep 2016

icy97

Type	Announcement
Subject	OTHERS
Description	ACQUISITION THE ENTIRE ISSUED AND PAID-UP CAPITAL OF VIVOCOM TRADING SDN. BHD. ("VTSB") CONSISTING OF 100 ORDINARY SHARES OF RM1.00 EACH.
VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR "THE COMPANY") (Formerly known as Instacom Group Berhad) Pursuant to Paragraph 9.19(24) of the Ace Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Vivocom wishes to announce that Vivocom had on 7 October 2016 acquired the entire issued and paid-up capital of Vivocom Trading Sdn Bhd (“VTSB”) consisting of 100 ordinary shares of RM1.00 each, for a total cash consideration of RM100.00 from Choo Seng Choon and Ooi Eng Kean. VTSB is a private limited company incorporated under the Companies Act 1965, on 18 July 2016 with an authorised paid-up capital of RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each. VTSB has not commenced business operation and subsequent to this acquisition, VTSB will function as the procurement division for Vivocom Group. This acquisition will not have any material effect on the earnings and net assets of the Group for the financial year ending 31 December 2016. None of the directors and/or major shareholders of Vivocom or persons connected to them have any interest, direct or indirect, in the above acquisition except for Choo Seng Choon who is a director of Vivocom and Ooi Eng Kean, who is a director of Neata Aluminium (Malaysia) Sdn Bhd, a subsidiary company of Vivocom. This announcement is dated 7 October 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5225445

Attachments VIVO.pdf

哭哭鸟

VIVOCOM – 多数人喻为的仙股和炒股

近来，本专页发现非常多技术派的投资者不看好VIVOCOM，同时很多基本面师父也呼吁大家别碰这支股票，甚至有些投资者对于VIVOCOM的走势已经感到绝望。VIVOCOM真的有那么差吗？

自改名后，VIVOCOM的建筑业务占了整体营业额的84%。根据【CIMB】2016年9月的报告，VIVOCOM今年所获得的新订单达到RM2.9billion。此外，这家投行也看好VIVOCOM的订单额能在年底增加至RM3.0billion，预计可保持忙碌至2019年。目前，VIVOCOM仍然在和数方商讨一些合作/建筑计划当中，签署了一些还没落实的协议书。

此外，VIVOCOM也是北京建工集团 和中国铁建【CRCC】的本地项目交付合作伙伴 (Project Delivery Partner)。因此，VIVOCOM一直以来都被视为中国外资大量投入新兴经济体的受益者，作为“新丝绸之路”政策的一部分。每一年，VIVOCOM都会从它们的手上获得不少合约。自从收购【NEATA】铝业后，VIVOCOM一共从【CRCC】手上获得RM350m的建筑合约。

VIVOCOM在建筑价值链里，除了是项目管理顾问，它也是分包商。作为主要承包商和分包商，VIVOCOM能够减轻高资本支出，如投标成本。通过其项目管理的角色，VIVOCOM也能够控制成本、设计、估计施工进度等等。

通过这些角色，VIVOCOM可全面控制施工过程，并从进度结算中受益。因此，它的利润率比起其他建筑商来得高。值得一提的是，VIVOCOM在FY16Q1和FY16Q2的建筑毛利率分别是25.34%和24.66%。这是个非常高的数据。

估值方面，VIVOCOM在FY16首2个季度的每股盈利是1.23 cent。假设它在最后2个季度也交出同样的业绩，VIVOCOM的FY16每股盈利将会是2.46 cent。以保守8-10倍PE计算，VIVOCOM的每股潜在价值是RM0.20-0.25。

以下是一些投行为VIVOCOM所设下的目标价：
> CIMB – RM0.62
> MIDF – RM0.635

从技术图表来看，VIVOCOM在过去的2个月都处于跌势，从0.24跌至今天的0.185，相等于23%的跌幅。目前，它已经来到了最关键的支撑价位0.18。VIVOCOM曾经前后2次跌至这个价位，但都能站稳，并强势反弹。至于这次能否再次站稳并反弹，本专页还是非常看好。

第一，VIVOCOM是家赚钱的建筑公司。在还未被【INSTACOM】收购时，它已有良好的业绩记录。第二，VIVOCOM目前的PE只是12倍。这还未计算VIVOCOM未来2个季度的建筑贡献。

基于以上两个重点，本专页认为目前的价位已是个非常好的买入点。只要遵守好止损的规则，这笔投资的风险其实已经不大了。一旦VIVOCOM跌破并收低于0.18，一点要止损 (亏损<10%) 。只要站稳0.18以上，预计中长期VIVOCOM可看涨至0.24 (盈利 30%)。这也恰好形成了1：3的风险回酬比例。

大家恐慌的时候，就是建仓和累积便宜股票的好时机。

RH Research

哭哭鸟

持有（VIVOCOM, 0069）的股友们请注意！！！ 由于时间上的关系及此消息的真伪有待证实，在这里简单的和大家解释一下，今早在著名投资部落格 i3investor 发现到这个不起眼却对持有（VIVOCOM, 0069）的股友们有很大影响的帖文。简单来说就是某著名的投资银行的Research Analyst做了一个小错误导致VIVOCOM的季度成绩提早被泄露出来，这个季度的净盈利（Net Profit）按照被泄露的研究报告来推算应该是在RM13 Million左右相比上个季度的RM21 Million足足下跌了RM8 Million 左右，由于此消息有待证实，所以还是请大家谨慎看待，步步为营及做好加码或卖出的决定！笔者也附上了该帖文的链接及载图。

在这里也和大家解释一下报告被泄露的情况，上市公司实际上应该是要向大众（Public）也就是在bursamalaysia.com发布第一手的季度业绩后，投资银行的Research Analyst才可以以刚发布的业绩来做研究报告或是季度评论报告，但是问题就出现了！为什么投资银行在大众（Public）还没得到第一手的季度业绩时，该投资银行的Research Analyst就可以精准的推算到VIVOCOM 的3个季度的总净盈利RM54 Million呢？这样是否对我们散户来说是严重的不公平呢？所以笔者恳请有关单位请严重看待此事，好让身为散户的我们可以避免不必要的亏损。谢谢。



股票分析 Quantum Investment Research

哭哭鸟

0069           VIVOCOM           VIVOCOM INTL HOLDINGS BERHAD      

Quarterly rpt on consolidated results for the financial period ended 30/09/2016

Quarter: 3rd Quarter Financial Year End: 31/12/2016 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/09/2016 30/09/2015 30/09/2016 30/09/2015 RM '000 RM '000 RM '000 RM '000 1 Revenue 55,911 22,233 319,015 37,913 2 Profit/Loss Before Tax 16,250 6,741 81,842 6,206 3 Profit/Loss After Tax and Minority Interest 12,152 6,741 53,036 6,206 4 Net Profit/Loss For The Period 14,073 6,741 64,618 6,206 5 Basic Earnings/Loss Per Shares (sen) 0.39 0.53 1.70 0.55 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Tangible Assets Per Share (RM) 0.1400 0.1400

哭哭鸟

Oops, CIMB releases Vivocom's results premature
Tue, 29 Nov 2016
http://cgmalaysia.blogspot.my/2016/11/oops-cimb-releases-vivocoms-results.html

CIMB released a research report about Vivocom "Tracking expectations":            
                                

                                
There is one "tiny" problem with this, the company itself has not yet announced its quarterly results.

That is of course a major screw up.
                                
Both from the side of CIMB and from Vivocom.
                                
It also shows that certain parties are privy to inside information, while others (the public) are not. A situation that should be avoided. The question is if this happens more often, a company releasing sensitive information to other parties before the information is officially announced.
                                
I wrote twice about CIMB reporting about Vivocom, here and especially here. CIMB has a rather aggressive price target of RM 0.62 vs current share price of only RM 0.18.

icy97

疑投銀提前公佈財報信息 VIVOCOM遭證監會調查

2016年12月02日
（吉隆坡2日訊）據悉證券監督委員會和投資銀行已針對VIVOCOM控股（VIVOCOM，0069，創業板科技）投資銀行分析報告提前公布，預測與實際表現有高相似度一事展開調查。

《星報》引述消息人士指出：“據了解有關分析師已被解除職務。”

有部落格在30日熱烈討論，指VIVOCOM控股還未公布業績，就有券商發布分析報告。這份報告撰寫日期為11月28日，該公司是在29日于馬證交所公布業績。

目前，共有3家證券商追蹤VIVOCOM控股，分別為聯昌證券投資研究、MIDF證券研究及Mercury證券。

預測與實際額相近難

雖然有關報告已從該投資銀行網站撤除，但已有部落格發現並商討大馬的企業監管問題。

消息指出，分析師在公布企業盈利更新報告有一定自主權。在財報季節，分析師有可能無意間與其他報告混在一起，並無意提前公布報告。

“但這不是藉口，顯然已違反了政策和程序。”

此外，分析師的部分預測數字與實際數額相近。消息人士說：“分析師要自行估計數字無不可能，但極度困難。”

例如，VIVOCOM控股營業額取得突破，有關報告準確預測該公司3項不同領域營業額有所突破。報告預測建築、電訊和鋁業務，將分別貢獻營業額62%、24%和15%；而實際貢獻比例分別為60%、24.42%和15.69%。

另外，該行估計該公司截至9月底有800萬令吉現金，實際數額為770萬令吉。

消息人士說：“任何分析師要估出如此相近數據十分困難，現金流預測也很難。”【中国报财经】

icy97

怡丰国际控股赢得总值7130万令吉合约
By Adela Megan Willy  / theedgemarkets.com   | January 3, 2017 : 7:51 PM MYT

（吉隆坡3日讯）怡丰国际控股（Vivocom Intl Holdings Bhd）赢得两项总值7130万令吉的发展与建筑工程合约。

该集团透过大马交易所发文告报备，其子公司Vivocom Enterprise私人有限公司（VESB）受委担任Oriental Mace私人有限公司和Udaran私人有限公司两项建筑工程的主要承包商。

VESB在12月30日收到Oriental Mace颁布第一项工程的得标书（LOA），包括在森美兰州Bandar Baru Enstek兴建厂房、仓库和办公楼。

这项合约价值为1930万令吉，从动工日期开始算起，为期15个月。

根据本地信贷情报机构RAM Credit Information（RAMCI）的网站，成立于2012年7月的Oriental Mace，其截至2015年10月31日止的财政年净赚27万9747令吉，前一财年仅净赚1万3750令吉。

至于第二个项目，VESB将负责在登嘉楼州Pulau Kerengga区进行一项综合发展项目，包括兴建双层排屋和商业大楼。

VESB获Udaran颁布这项价值5200万令吉的得标书，此项目预计在24个月内完成。

Udaran成立于2003年11月，在截至2015年1月31日止的财政年蒙亏67万3571令吉，相比前一财年净亏107万令吉。

怡丰国际控股表示：“这两项合约预计将在合约期间为本集团的盈利及净资产带来正面贡献。”

（编译：倪嫣鴽）

Type	Announcement
Subject	OTHERS
Description	LETTER OF AWARDS
The Board of Directors of Vivocom Intl Holdings Berhad (formerly known as Instacom Group Berhad) (“Vivocom” or “the Company”) is pleased to announce that its subsidiary company, Vivocom Enterprise Sdn Bhd (“VESB”), had :- On 30 December 2016 received and accepted the Letter of Award (“LOA”) from Oriental Mace Sdn Bhd for the appointment as Main Contractor for the construction of factory, warehouse and office buildings on Lot 886 Bandar Baru Enstek, Daerah Seremban, Negeri Sembilan Darul Khusus (“Project 1”). The contract sum is RM19,300,000 (Ringgit Malaysia Nineteen Million and Three Hundred Thousand). This project shall commence upon site possession and shall be completed within fifteen (15) months from the date of commencement. On 3 January 2017, received and accepted the Letter of Award (“LOA”) from Udaran Sdn. Bhd. for the appointment as Main Contractor for the construction of mixed development comprising of 2-storeys terrace houses and commercial buildings. The contract amount is RM52,000,000 (Ringgit Malaysia Fifty Two Million). This project shall commence upon site possession and shall be completed within twenty-four (24) months from the date of commencement. The project is located at Mukim Pulau Kerengga, Daerah Marang, Terengganu Darul Iman, untuk Tetuan Lembaga Tabung Amanah Warisan Negeri Terengganu (“Project 2”) (“Collectively known as the Projects”) The Projects are expected to contribute positively to the earnings and net assets of Vivocom for the duration of the Projects. The risks associated with the Projects are mainly operational risks and risk of delay in completion of the Projects. Notwithstanding this, the management of Vivocom will strive to ensure full compliance to the operational procedures in the execution of the requirements of the Projects. The Projects are in the ordinary course of business and are not subject to the approval of the shareholders of the Company or any other relevant government authorities in Malaysia. None of the directors and/or major shareholders of Vivocom or persons connected to them have any interest, direct or indirect, in the above Projects. This announcement is dated 3 January 2017.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2016	31 Dec 2015	31 Dec 2016	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	46,009	60,758	362,025	98,671
2	Profit/(loss) before tax	738	6,745	82,579	12,951
3	Profit/(loss) for the period	842	3,619	65,460	9,825
4	Profit/(loss) attributable to ordinary equity holders of the parent	821	2,149	53,900	8,355
5	Basic earnings/(loss) per share (Subunit)	0.03	0.11	1.70	0.62
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1400		0.1400

icy97

怡丰国际获4471万合约

2017年4月19日
（吉隆坡18日讯）怡丰国际（VIVOCOM，0069，创业板）子公司Neata Aluminium（大马）私人有限公司（简称Neata），一举获得三项合约，总值4471万令吉。

怡丰国际今日向交易所报备，Neata的新合约中，两项合约由PJD建筑私人有限公司所颁发。

根据文告，第一项合约是为关丹的酒店度假村设计、制造、供应、交付和装置铝和玻璃，总值601万令吉，为期22个月。

而第二项合约，则是为文东的两栋服务式公寓设计、制造、供应、交付和装置铝和玻璃，总值1350万令吉，为期24个月。

第三项合约则由Setiakon Builders私人有限公司颁发，负责位于白沙罗的四栋服务式公寓设计、制造、供应、交付和装置铝和玻璃，总值2520万令吉，为期24个月。

怡丰国际预计，合约期间，将为公司贡献净利与净资产。【e南洋】

Type	Announcement
Subject	OTHERS
Description	VIVOCOM INTL HOLDINGS BERHAD ("VIVOCOM" OR THE "COMPANY") - LETTER OF AWARDS
The Board of Directors of Vivocom Intl Holdings Berhad (“Vivocom” or “the Company”) is pleased to announce that its subsidiary company, Neata Aluminium (Malaysia) Sdn Bhd (“Neata) had :- 1. On 18 April 2017, received and accepted a Letter of Award (“LOA”) from PJD Construction Sdn Bhd for the design, fabrication, supply, delivery and installation of aluminium and glazing works for a hotel resort on Lot 105583, Jalan Kuantan- Kemaman, Mukim Sungai Karang, Kuantan, Pahang. The contract amount is RM6.01 million. This project shall be completed within twenty-two (22) months from the date of commencement of the main contract works. 2. On 18 April 2017, received and accepted a Letter of Award (“LOA”) from PJD Construction Sdn Bhd for the design, fabrication, supply, delivery and installation of aluminium and glazing works for 2 blocks of service apartment on No. PT 19247, Genting Permai, Mukim Bentong, Pahang. The contract amount is RM13.5 million. This project shall be completed within twenty-four (24) months from the date of commencement of the main contract works. 3. On 18 April 2017, received and accepted a Letter of Award (“LOA”) from Setiakon Builders Sdn Bhd for the design, fabrication, supply, delivery and installation of aluminium and glazing works for 4 blocks of 40 storey service apartment on Lot 212-213, Persiaran Tropicana, PJU 3, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan. The contract amount is RM25.2 million. This project shall be completed within twenty-four (24) months from the date of commencement of the main contract works. (Collectively known as the "Projects”) The Projects are expected to contribute positively to the earnings and net assets of Vivocom for the duration of the Projects. The risks associated with the Projects are mainly operational risks and risk of delay in completion of the Projects. Notwithstanding this, the management of Vivocom will strive to ensure full compliance to the operational procedures in the execution of the requirements of the Projects. The Projects are in the ordinary course of business and are not subject to approval of the shareholders of the Company or any other relevant government authorities in Malaysia. None of the directors and/or major shareholders of Vivocom or persons connected to them have any interest, direct or indirect, in the above Projects. This announcement is dated 18 April 2017.