Investalks 马来西亚中文投资论坛 - 与你一起通往财务自由之路

 找回密码
 注册

最近看过此主题的会员

查看: 375296|回复: 3073

[公司专区] 7076 CBIP CB工業

    [复制链接]
x 22
发表于 2011-4-27 18:10 | 显示全部楼层 |阅读模式
CB工業1送1紅股
大馬財經 2011-04-22 14:12
(吉隆坡21日訊)CB工業(CBIP, 7076, 主板工業產品組)建議1送1紅股計劃

該公司發文告表示,建議以1股派送1股比例,派發高達1億3千756萬2千500股紅股,有關紅股以保留盈利資本化而成。

確保紅股數目,胥視在5月16日支付的20股送1股庫存股股息計劃完成後的繳足資本數目而定。

CB工業預料在紅股計劃後,股本最大會從現有的6千878萬1千250令吉擴大至1億3千756萬2千500令吉。

CB工業同時建議將註冊資本從現有的1億令吉擴大至5億令吉。

星洲日報/財經‧2011.04.22

CB工業: Manufacturer of palm oil mill equipment and related spare parts and provision of engineering support. They have healthy market share in Malaysia as well as foreign markets including Indonesia, Papua New Guinea, West Africa, and Central and South America
http://www.cbip.com.my/

CB工业ROE和profit都非常不错,有兴趣此股的可以在这里讨论!

x 0 我要送花

x 22
 楼主| 发表于 2011-4-27 18:10 | 显示全部楼层
CBIP subsidiary gets RM38.35m Ministry of Health contract  
Written by Surin Murugiah of theedgemalaysia.com     
Monday, 25 April 2011 18:07  
  
KUALA LUMPUR: CB Industrial Product Bhd’s unit has secured a RM38.35 million contract from the Ministry of Health to supply 100 units ambulance 4x2 (Type “A” and “B”) inclusive medical equipment to the Ministry.

It said on Monday, April 25 that its subsidiary AVP Engineering (M) Sdn Bhd had accepted the letter of award from the Ministry of Health.

x 0 我要送花

x 22
 楼主| 发表于 2011-4-27 18:11 | 显示全部楼层
CIMB Research has BUY on CBIP at RM4.45   
Written by theedgemalaysia.com     
Monday, 25 April 2011 08:53  
  
KUALA LUMPUR: CIMB Equities Research has a BUY on CB INDUSTRIAL PRODUCT HOLDING []s (CBIP) at RM4.45, where it is trading a price-to-book value of 2.1 times.

It said on Monday, April 25 that CBIP broke out of its triangle resistance on Friday, which could pan out to be the beginning of its next upleg. If prices can hold steady above the 50-day SMA, it said  it is only a matter of time before the candles climb towards RM4.63 and RM4.76 next.

“Technical landscape is improving, reinforcing our positive stance on the stock. MACD histogram bars have returned to the black while RSI is above the 50pts mark.

“Any pullback is an opportunity to accumulate. Only a fall below RM4.18 would trigger our stop,” it said

x 0 我要送花

x 22
 楼主| 发表于 2011-5-20 22:05 | 显示全部楼层
行家论股:CB工业产品 盈利增30%目标可达
2011/05/20 5:37:19 PM
●南洋商报

目标价:4.75 令吉

最新进展

CB工业产品(CBIP,7076,主板工业产品股)顾客加码订单,合约因此增值至3100万令吉,可为集团带来净利约400万令吉。

根据集团指出,上述合约的原本内容是价值720万令吉的棕油科技和工程配套,但之后顾客决定增加设计、安装等服务,拉高了合约价值。

盘点分析

我们就之前预测在今年内,CB工业产品可得到1亿8000万令吉的合约,所以虽然该集团得到合约加码,我们仍维持目前赚幅预测。

预料合约内容和价值的加码一事,将在接下来的18至24个月内,令集团得到额外400万令吉的盈利增长。

该集团将在本月末公布首季业绩,我们基于当季种植业贡献显著,而预料业绩按年增长率将大起,相信该集团可在今年达到每股盈利30%增长的期望。

x 0 我要送花

x 470
发表于 2011-5-30 23:37 | 显示全部楼层
手握4億工程 CB業績看俏

(吉隆坡30日訊)CB工業產品(CBIP,7076,主板工業股)目前已獲4億令吉合約訂單,且正在競標價值4億令吉的工程,因此管理層看好2011財政年業績將達到雙位數成長。

「我們非常看好公司今年的業績表現。CB工業產品現手握4億令吉合約,其中60%來自海外市場,包括美國、非洲和巴布新幾內亞;另外的40%則來自本地市場。公司正在競標的合約總值也有4億令吉,包括聯邦土地發展局的合約。」

CB工業產品董事經理林再明,在股東常年大會後的媒體匯報會上透露。

林再明預測今年全年業績,可取得雙位數成長,基於新油較廠的需求上漲以及原棕油價格高企。

同時,林再明也透露,公司業績成長主要是源自私人領域的小型種植公司,對油較廠的需求提升,和更新舊油較廠的需求的增長。

「因為一些舊油較廠的產能不佳,導致更多營運上的虧損。所以很多公司也計劃建設新廠取代舊油較廠。」

雖然美元走低,對CB工業產品的業績造成影響,但是林再明對公司淨利表示滿意。

維持30%派息率

CB工業產品2011財政年首季(截至3月31日)淨利從1215萬2000令吉,按年上揚80.09%,至2188萬4000令吉;營業額從7268萬1000令吉,按年上揚27.02%,至9232萬1000令吉。

對於首季的業績表現,CB工業產品管理層一致表示正面和滿意。

此外,該公司今年的資本支出為2000萬令吉。主要用於印尼加裡曼丹,2000公頃新油較廠的工程。

對於該公司未來的發展計劃,林再明表示,如果有機會,該公司將會考慮作出更多短期、中期和長期的投資。但是卻不會從事一些與公司核心業務無關的業務,還是會專注在棕油領域。

對於投資者關心的股息派發,林再明表示,公司仍會維持30%的派股息政策,因公司需保留資金,以便日後探索海外發展機會。

http://www2.orientaldaily.com.my ... 66G023V5D2036Cx1X6n

x 0 我要送花

x 2
发表于 2011-5-31 00:21 | 显示全部楼层
原棕油價高 CB工業擬增地庫

    * 財經

30/05/2011 17:35
(吉隆坡30日訊)看好原棕油種植領域發展,CB工業(CBIP,7076,主要板工業)今年計劃擴大種植地庫。

 CB工業董事經理林再明指出,公司也將把已開發地段列入購地考慮範圍。

 他今日在該公司股東大會后的記者會上,發表上述。 

 該公司目前于本地擁有8000公頃種植用地,另外還透過與其他公司聯營,持有7200公頃種植地。

 CB工業在印尼加里曼丹中部亦擁有8000公頃種植地庫,其中,種植範圍達2000公頃。

 他說,公司目前訂單和競標計劃分別為4億令吉,競標工程也包括聯邦土地發展局(FELDA)棕油提煉廠建築計劃。

 受詢及原棕油價格走勢展望時,他指出,原棕油價格走勢不在業者控制中,不過,現階段需求和價格都對業者有利,一旦有機會,公司將進一步拓展業務。
http://www.chinapress.com.my/node/220991

x 0 我要送花

x 52
发表于 2011-6-1 23:16 | 显示全部楼层
CBIP to sell Sachiew, Empressa for RM268.06m

KUALA LUMPUR: CB INDUSTRIAL PRODUCT HOLDING [] Bhd is selling its equity interests in Sachiew PLANTATION []s Sdn Bhd and Empressa (M) Sdn Bhd for a total of RM268.06 million.

Sachiew is principally involved in the cultivation of oil palm and production of crude palm oil and palm kernel, while Empressa engages in the cultivation of oil palm and the operation of a palm oil mill.

In a filing Wednesday, June 1, CBIP said that it had entered into a share sale agreement with Yuwang Plantation Sdn Bhd (Yuwang), Goldhill Innovation Sdn Bhd and See Hong Chen & Sons Sdn Bhd (SHC)to dispose 1.5 million shares of RM1 each in Sachiew for RM108.12 million cash.

The company said it had also entered a share sale agreement with Yuwang, Multi Elite Enterprise Sdn Bhd and SHC to dispose 15 million shares of RM1 each in Empressa for RM159.94 million cash.

CBIP said the proposed disposals provide the company an opportunity to realise and unlock the value of its investment in Sachiew and Empresa at an attractive valuation whilst enabling it to streamline its business to focus on its core business operations of manufacturing palm oil equipment and the provision of engineering support.

CBIP said the gross proceeds of RM268.06 million from the disposal would be utilised for its working capital including for financing receivables, inventories, and repayment of bank borrowings.

It said the cash proceeds were estimated to be utilised within two years from the date of completion of the disposals.

http://www.theedgemalaysia.com/b ... -for-rm26806m-.html

x 0 我要送花

x 52
发表于 2011-6-2 11:17 | 显示全部楼层
CBIP rises on plantation land sales

KUALA LUMPUR: CB INDUSTRIAL PRODUCT HOLDING [] Bhd shares advanced in early trade on Thursday, June 2 after the company proposed to sell its entire equity interests in Sachiew PLANTATION []s Sdn Bhd and Empressa (M) Sdn Bhd for a total of RM268.06 million.

At 9.05am, CBIP rose 10 sen to RM4.36.

Sachiew is principally involved in the cultivation of oil palm and production of crude palm oil and palm kernel, while Empressa engages in the cultivation of oil palm and the operation of a palm oil mill.

CBIP said the gross proceeds of RM268.06 million from the disposal would be utilised for its working capital including for financing receivables, inventories, and repayment of bank borrowings.

Maybank Investment Bank Bhd Research said CBIP's proposed plantation disposal was positive as it unlocks value of its below-average plantation yielding estates; raising RM1.95 per share (RM268 million) in cash and making RM1.02 per share (RM141 million) in disposal gain.

“Post disposal, with potential net cash at 95sen per share, CBIP is looking for expansion opportunities, failing which it may return part of its cash as special dividends to shareholders.

“We maintain our earnings forecasts and target price of RM4.75 based on 7 times 2011 EPS for now,” it said.

http://www.theedgemalaysia.com/b ... ion-land-sales.html

x 0 我要送花

x 2
发表于 2011-6-2 19:38 | 显示全部楼层
脫售2種植子公司 CB工業進賬近2.7億

    * 財經

01/06/2011 23:36

 (吉隆坡1日訊)CB工業(CBIP,7076,主要板工業)宣佈,該公司建議以總值2億6806萬令吉現金,脫售其所持有的Sachiew種植和Empressa(馬)私人有限公司股權。

 根據該公司呈馬證交所的資料,該公司建議以1億811萬7258令吉現金,脫售其在Sachiew種植所持有每股1令吉,總數達150萬股普通股或等于100%股權,予Yuwang種植私人有限公司、Goldhill Innovation私人有限公司和See Hong Chen & Sons私人有限公司。

專注核心業務

 同時,CB工業也建議以1億5994萬444令吉現金,脫售其所持有Empressa每股1令吉,全數或等于1500萬股普通股的股權,予上述3家公司。

 文告指出,Sachiew種植主要業務是種植油棕和生產原棕油及棕仁;Empressa則涉及種植油棕和棕油提煉。

 CB工業披露,目前脫售上述子公司,是他們釋放投資價值的好機會,因為脫售價值相當誘人。

 而且脫售上述子公司后,該公司可以更專注于核心業務,即生產棕油相關器材和機械支援。

 該公司指出,他們將利用脫售子公司所得的資金作為工作資本,包括融資和償還銀行貸款。 
http://www.chinapress.com.my/node/221634

x 0 我要送花

x 52
发表于 2011-6-2 22:28 | 显示全部楼层
CBIP to sell plantation land for RM268m

KUALA LUMPUR: CB Industrial Product Holding Bhd (CBIP) has proposed to dispose of its oil palm plantation land for RM268 million to focus on its core business of manufacturing palm oil equipment and the provision of engineering support.

In an announcement to Bursa Malaysia yesterday, CBIP said it would sell its entire stake in Sachiew Plantations Sdn Bhd and Empresa (M) Sdn Bhd for RM108.1 million and RM159.9 million respectively. Both Sachiew and Empresa have plantation land in Miri, Sarawak.

Sachiew currently holds a 60-year lease for a parcel of land measuring 3,720ha. The lease expires on March 1, 2045. Empressa holds a 99-year lease for a 5,936ha parcel of land with its lease expiring on Sept 27, 2087.

A portion of the Empresa land is currently the subject of a dispute concerning customary land rights.

“The proposed disposals provide an opportunity for CBIP to realise and unlock the value of its investment in Sachiew and Empresa at an attractive valuation while enabling CBIP and its subsidiaries to streamline its business to focus on its core business operations of manufacturing palm oil equipment and the provision of engineering support,” it said.

CBIP’s original cost of investment for Sachiew and Empresa was RM16.3 million and RM59.2 million respectively, giving it a tidy gain of RM192.6 million on its investments.

CBIP said the proceeds would be used as working capital including financing receivables, inventories, repayment of bank borrowings, payments to creditors and other day-to-day operating expenses and to defray related expenses.

CBIP’s gearing is expected to be reduced to 0.09 times from 0.47 times previously while net assets (NA) per share would rise to RM1.54 from RM1.04.

The realised gains from the disposals would depend on the respective NA of Sachiew and Empresa at the time of completion of the deals. CBIP estimated that the gain on disposal based on the audited NA of Sachiew and Empresa as at end-2010 amounted to about RM140.8 million, representing a gain of RM1.07 per share.

http://www.theedgemalaysia.com/i ... and-for-rm268m.html

x 0 我要送花

x 22
 楼主| 发表于 2011-6-2 23:48 | 显示全部楼层
行家论股:CB工业产品 售地料会派息
2011/06/02 5:56:12 PM
●南洋商报

目标价:4.75令吉

最新进展

CB工业产品(CBIP,7076,主板工业产品股)建议以2亿6800万令吉或每股1.95令吉,脱售2家独资子公司——Sachiew和Empressa。

子公司共持有占地7268公顷的油棕园,以及两座炼油厂,价值3亿7200万令吉,或每公顷5万1188令吉。该计划将交由股东表决,料在今年第3季完成交易。

盘点分析

我们支持此脱售建议,因上述土地的鲜果串产量,在过去3年都在平均之下,加上每公吨1700令吉总成本已比业界高,料可借此脱售活动释放土地更大的价值。

我们预料,无论是否寻得新的投资机会,该集团会保留部分资金派发特别股息。

土地脱售后,每股净利将会减少17.4仙,预测的2012财年每股净利,也从63.7仙减少至46.3仙,不过,46.3仙再加上脱售所得(每股1.95令吉),每股总值已达5.20令吉。

x 0 我要送花

x 52
发表于 2011-6-3 20:47 | 显示全部楼层
CBIP to see earnings impact from plantation sale

KUALA LUMPUR: Although CB Industrial Product Holding Bhd (CBIP) will book in a large one-off gain, it is expected to see short-term negative earnings impact from disposing of two plantation subsidiaries while it grows contributions from its palm oil mill engineering core business.

On Wednesday, CBIP announced proposals to dispose of two wholly-owned subsidiaries, Sachiew Plantations Sdn Bhd and Empressa (M) Sdn Bhd, to private companies for RM268 million.

Sachiew and Empressa hold a combined 7,268ha of matured oil palm plantations and two mills with combined daily output of 75 tonnes.

In a note yesterday, HwangDBS Vickers Research said it had slashed CBIP’s net profit projection for FY11 ending Dec 31 to FY13F by 8% to 26%.

This was because the combined interest cost savings and interest income would be insufficient to offset the foregone earnings from Sachiew and Empressa, which contributed RM16.8 million last year.

If the disposal comes to be, CBIP would get to book in a one-off disposal gain of RM140.8 million which translates into RM1.07 per share. The stock closed four sen higher at RM4.30 yesterday, which put the company’s market capitalisation at RM591.5 million.   

On per share basis, Maybank IB Research estimates that CBIP’s net profit post disposal could be diluted by about 17.4 sen per share or RM24 million, which may in turn cut its FY12 earnings per share to 46.3 sen from 63.7 sen.

When contacted, an analyst said it could take a while for CBIP to make up for the earnings impact from the divestment of the two plantation assets assuming the status quo remains in the near term.

However, the analyst opined that CBIP was likely to utilise the proceeds from the sale for investments and could look towards existing customers for repeat business in its mill engineering operations.

An analyst also noted that while plantations was secondary to CBIP’s core business of palm oil mill engineering, contributions from the plantation segment had been sizeable due to high crude palm oil (CPO) prices.

According to CBIP’s 2010 annual report, its plantation segment contributed about 22.91% or RM80.52 million to the group’s FY10 turnover while the manufacturing segment brought in almost 75% or RM263.19 million.

Analysts were largely positive on CBIP’s proposed disposal which they said unlocks the value of the group’s underperforming plantation estates.

The plantations were “below average performers” with poor fresh fruit bunch (FFB) yield of between 18.5 and 21 tonnes per ha over the last three years despite its peak age profile being 12 to 13 years, Maybank IB Research said.

Additionally, CBIP’s total cost per tonne at RM1,700 per tonne was higher than industry’s average, the research house added.

HwangDBS Vickers Research said the sales consideration of RM268 million was fair compared with the research house’s DCF-derived implied valuation of RM350 million, as the buyers would be assuming an estimated debt of about RM95.7 million currently in Sachiew and Empressa’s books.

With the disposal, CBIP still effectively owns 7,200ha of plantation under its joint ventures and associate companies, as well as 8,000ha in Kalimantan, Indonesia.

“Post-disposal, CBIP is still keen on its upstream plantation business and scouting for new opportunities. It is also looking to expand its manufacturing facility which is running close to maximum capacity,” Maybank IB Research said in a note yesterday.

Maybank IB Research said the group had identified a 10-acre site near its Teluk Panglima Garang manufacturing plant to expand its mills engineering segment.

http://www.theedgemalaysia.com/i ... lantation-sale.html

x 0 我要送花

x 868
发表于 2011-7-26 19:09 | 显示全部楼层
本帖最后由 bubi 于 2011-7-26 19:10 编辑

黄金十年:CB工业释放价值(1)晋高增长周期 股东丰收可期
财经周刊 投资观点  2011-07-25 12:38


我们相中一只股票,是对它隐藏的价值情有独钟,而下了决心买入,今天买了无不希望明天价值就被释放出来。如何释放价值呢?
普遍上不外乎送红股、派高利息、将子公司分拆(最好有送给小股东)。
只要是不用付钱的,小股东就感到自己的投资终于有所回报——增值了。实际上免费的东西是否真就有增值作用,抑或是羊毛出在羊身上,可是见仁见智的问题。
CB工业就是一间为股东不停制造价值的公司,该公司专于棕油加工厂建筑与工程,过去10年来,业绩和盈利不停的增长。

业绩增长3倍
其优势是拥有Modipalm加工专利权,能以更小空间和成本生产更多和更佳素质原棕油,同时非常环保。
由2001起至2010年,业绩增长了3倍有多,净盈利更是由2001年的770万令吉暴增至2010年的6600万令吉,成长超过8倍!
公司上一次派发红股,已是2002年的事。
当时公司建议2送1红股,股本由2800万令吉增加至4200万令吉、以符合第二交易板的最低股本要求。
两年后,再建议发售2配1附加股,以做好转主板的准备;同时将股票分拆为二,增加流通量。

丰收指日可待
有鉴于公司盈利逐年增加,股东基金也水涨船高,从01年的5000万令吉成长6倍到3亿令吉,终于在今年,再次宣布1送1派红股奖励股东,也充份表现出未来更强劲成长的信心。

不但如此,拜棕油价格大起所赐,本年第一季度业绩标青,盈利也大大攀升80%,时公司派息也蛮大方,周息率约有5-8%,可见金融风暴后,公司不只恢复元气,更已进入另一个高成长的周期,股东丰收指日可待。
以2010年每股盈利50仙,预料2011年将增至67仙,4令吉的股价,本益比只有6-8倍,是属于非常吸引人的价格。
本周合成统一的附加股表格开始交易,以5配1的比例,组合获得2400股,基于其股价非常诱人,决定将合成股票以1.61令吉脱售以换其附加股表格(以买价68仙买进12600股,凑足1万5000股)。

不过,因为其8000红股还不能交易,所以只能卖出4000股合成统一。
这之后,将以1.05令吉购买其附加股。





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制造财富,文中的建议,都有一个完整的买卖纪录。

草根牛马

x 0 我要送花

x 868
发表于 2011-8-1 18:30 | 显示全部楼层
黄金十年:CB工业释放价值(2)特大或批准一送一红股
财经周刊 投资观点  2011-08-01 14:53

近来的大单交易频传,涉及的董事眼光独到,当初以低价买入相关产业,如今以高价售出该产业,让人羡慕。
其中合成实业(CIHLDG)以8亿2000万令吉、将Permanis卖给日本朝日集团,比较合成实业在2004年的收购价7200万,7年增值了超过10倍!
不管一些股东担心公司失去核心业务,未来该如何继续,这项纯现金的交易,好得让董事局难以拒绝。合成实业也一跃为拥有丰厚现金的公司,每股净现金高达4.80令吉,稳坐钓鱼台。

同样的,上周都达置地(DUTALAND)以8亿3000万令吉现金,将沙巴种植地卖于IOI集团,也令人刮目相看。
由于分析员的研究大多涵盖IOI集团而已,我们很难找到有关都达置地卖地的评语。
不过,分析员大多认为IOI出价偏高,看来都达置地是讨到了一个不错的售价。

都达置地扭转亏损
同样的,都达置地在1995年的投资成本只有3300万,经历多年的账面调整,去年的账面价值也只有3亿2000万,07年重组后的都达置地经过4年的沉寂,可是否极泰来,扬眉吐气!

这一块地卖出去,净利逾5亿令吉,一举把多年的过亿累积亏损扭转过来。
除此之外,公司更一举成为净现金约6亿令吉,即每股现金超过1令吉的现金牛,每股净值也从1令吉44仙暴增至2令吉40仙。
我们不禁要问,都达置地还有多少块类似的地皮要卖?其股价短短3天内大起25%到60仙,看来股民还是不懂其释放的价值,只知投机炒作!

早在6月,CB工业其实也有类似的建议,只是当时宣布的数目字没上述两个例子大,容易让人忽略了。
公司在6月1日宣布以2亿6800万脱售两家种植业子公司,公司于05-08年的收购成本为7500万令吉而已。

也因此,这项脱售为CB工业带来了1亿4000万令吉(每股1.07令吉)的盈利,以及每股1.95令吉的现金。
可以想象,在即将来临的股东特大,公司除了要求股东们批准等待已久的一送一红股,也将一并寻求通过此项交易。除非公司有很大的计划要进行,不然将此项交易的若干盈余当特别股息派发,是很有可能的事。

本周沿海工程凭单正式交易,我们将它以85仙卖掉,进一步降低沿海工程的成本价,也以15765令吉认购合成统一附加股。
熟悉本专栏的读者,应该不会对双威公司重组陌生。我们对新双威公司的后续发展很感兴趣,决定买1万股双威凭单来参于其公司新上市计划。

草根牛马

x 0 我要送花

x 52
发表于 2011-8-2 20:17 | 显示全部楼层
CBIP gets RM171m job to supply Fire Dept vehicles      
  
KUALA LUMPUR: CB INDUSTRIAL PRODUCT HOLDING [] Bhd has secured a RM171 million contract to supply 100 units of fire rescue transport with the fittings and accessories.

CBIP said on Tuesday, Aug 2 its unit AVP Engineering (M) Sdn Bhd had accepted the letter of award from the Ministry of Housing and Local Government on June 28.

http://www.theedgemalaysia.com/b ... -dept-vehicles.html

x 0 我要送花

x 868
发表于 2011-8-2 21:56 | 显示全部楼层
CB工業獲1.7億合約 供應100輛消防車
股市02/08/2011 20:06



 (吉隆坡2日訊)CB工業(CBIP,7076,主要板工業)獲房屋及地方政府部頒發總值1億7100萬令吉合約,供應100輛消防車。

 該公司向馬證交所報備指出,公司將在合約下為大馬消防部門,供應、運送、安裝和測試100輛消防救援所需的交通工具。

 根據合約,訂單內的消防通工具將附帶消防設備及配件,合約總值為1億7100萬令吉。

 文告指出,公司旗下獨資子公司AVP工程已于6月28日獲房屋及地方政府部發出的頒發書。

 雙方在白沙羅市中心的政府部門獲頒是項合約,未註明合約期限。

 文告說,公司董事或大股東及員工,與這項合約沒有直接關係。

x 0 我要送花

x 52
发表于 2011-8-3 17:12 | 显示全部楼层
CBIP unit wins RM171m contract       
  
KUALA LUMPUR: CB Industrial Product Holding Bhd’s (CBIP) unit has won a RM171 million contract from the Housing and Local Government Ministry to supply 100 units of fire rescue transport fitting and accessories.

In a filing with Bursa Malaysia yesterday, CBIP said its wholly -owned subsidiary, AVP Engineering (M) Sdn Bhd, has been awarded the contract to supply and install the fire rescue transport C/W fitting and accessories to the Fire and Rescue Department.

AVP Engineering is primarily involved in the retrofitting of special-purpose vehicles.

CBIP closed down five sen to RM4.16 with 1.1 million shares traded yesterday.

http://www.theedgemalaysia.com/i ... m171m-contract.html

x 0 我要送花

x 52
发表于 2011-8-4 17:36 | 显示全部楼层
CBIP wins new RM171m government contract     
  
CB Industrial Product Holding
(Aug 3, RM4.12)
Maintain buy at RM4.16 with target price of RM4.75: CBIP unit AVP Engineering (M) Sdn Bhd, has clinched a RM171 million government contract to supply and instal 100 fire and rescue transport vehicles to the Fire and Rescue Department. We estimate the contract will lift our 2011 to 2013 net profit forecasts by 3% to 8%, with a potential 14 sen upside (+3%) to our target price. Our earnings forecasts are maintained for now pending further updates on CBIP’s recent proposals to dispose of estates. Maintain “buy” with an unchanged target price of RM4.75 (seven times 2011 price-earnings ratio [PER]).

Assuming a typical 10% net margin based on its previous retrofitting jobs, we estimate the contract will provide a net profit enhancement of 3% in 2011 and 8% in 2012/13, given that billings will be recognised progressively over the next 30 months.

AVP Engineering has been involved in retrofitting ambulances and fire engines for the past five years. Its strong track record has equipped it to clinch bigger contracts, as seen by the recent announcements of significant contracts. In April, AVP won a RM38 million contract to supply ambulances.

We expect CBIP to secure more Modipalm orders in 2H11. CBIP has secured RM79 million year-to-date and is on track to meet our full-year wins of RM180 million.

We see a re-rating catalyst from its recent landbank unlocking exercise. Recall that in June CBIP proposed to dispose of its below-average yielding plantations, raising RM1.95 per share (RM268 million) in cash and making RM1.02 per share (RM141 million) in disposal gains. Post-disposal, CBIP is looking for expansion opportunities, failing which it may return part of its cash as special dividends to shareholders. We maintain our earnings forecasts and target price of RM4.75 based on seven times 2011 PER for now. — Maybank IB Research, Aug 3

http://www.theedgemalaysia.com/i ... nment-contract.html

x 0 我要送花

x 470
发表于 2011-8-4 22:58 | 显示全部楼层
新合約料催升股價
CB工業擴展尋商機

股市03/08/2011 23:03 Share  轉寄 列印 字体:.Send to friend

券商:馬銀行、投資銀行
目標價:4.75令吉


CB工業(CBIP,7076,主要板工業)獲頒總值1億7100萬令吉合約,有助貢獻淨利,加上脫售土地並尋找擴充機會,有望催化股價表現。

 該公司昨日(2日)獨資子公司AVP工程獲房屋及地方政府部頒發上述合約,為大馬消防部門,供應、運送、安裝和測試100輛消防車,我們預計,此合約有助推高2011至52013財年淨利預估3%至8%。

下半年可獲更多合約

 這項利好也潛在推升CB工業股價,較我們給予目標價4.75令吉,還多14仙或3%上漲空間。

 若依之前的修整合約為例,假設淨賺幅可達10%,料可為2011財年淨利額外貢獻3%,2012及2013財年則貢獻8%。

 我們也看好CB工業子公司Modipalm工程可在下半年獲頒更多合約,截至今日,該公司已握有7900萬令吉合約,有望達至我們預測的1億8000令吉全年目標。

 CB工業今年6月初,以2億6800萬令吉脫售2間種植子公司,從中獲利1億4100萬令吉,目前積極尋找拓展機會,我們認為,這有助該公司釋放土地價值。

 若未能尋獲投資機會,該公司將把這筆現金當做特別股息,回饋予股東。

 閉市時,CB工業收在4.12令吉,跌4仙,成交量1萬9100股。

http://www.chinapress.com.my/node/239777

x 0 我要送花

x 52
发表于 2011-8-15 09:49 | 显示全部楼层
CIMB Research has Technical Sell on CB Industrial Product     
  
KUALA LUMPUR: CIMB Equities Research has a Technical Sell on CB INDUSTRIAL PRODUCT HOLDING []s Bhd (CPIB) at RM3.75 at which it is trading at a price-to-book value of 1.6 times.

The research house said on Monday, Aug 15 CBIP violated its key support channel last week. The pullback also took out its 200-day SMA along the way. This could be seen as a prelude to more downside ahead.

“If the candles fail to swing back above its key moving averages soon, we expect selling pressure to accelerate over the next few days. Next downleg should drag prices towards RM3.56 and RM3.30.

“Indicators remain lethargic. MACD signal line is hovering in the negative territory while RSI is below the 30pts mark. Put a buy stop at RM4.00,” it said.

http://www.theedgemalaysia.com/b ... strial-product.html

x 0 我要送花

发表回复

您需要登录后才可以回帖 登录 | 注册 |

本版积分规则

Google 搜索本站 搜索WWW

快速回复 返回顶部 返回列表