【CRESBLD 8591 交流专区】克立斯建筑

股友

克立斯建築獲2.8億合約

• 大馬財經

2008-01-25 11:34
（吉隆坡訊）克立斯建築（CRESBLD，8591；主板建築組）獲2億8500萬令吉合約，為Starpuri發展有限公司在吉隆坡錫蘭路建公寓計劃。
該公司文告說，上述計劃施工期為34個月，預料於2010年12月1日完工。
上述計劃料為12月31日截止的2008年財政年盈利，作出積極貢獻。


星洲日報／財經．2008.01.25

25-01-2008: Crest Builder gets RM285m job

KUALA LUMPUR: Crest Builder Holdings Bhd has secured a RM285 million condominium development project along Jalan Ceylon here from Starpuri Development Sdn Bhd. Crest Builder said yesterday the duration of the project was for 34 months, from Feb 1, 2008 to Dec 1, 2010. It said the contract was expected to contribute positively to the group’s earnings for the financial years ending Dec 31, 2008 onwards. The property development division accounts for 70% to 80% of the group’s operating profit

[ 本帖最后由 股友 于 6-2-2008 10:08 PM 编辑 ]

股友

28-11-2007: Higher earnings outlook for Crest Builder


Email us your feedback at fd@bizedge.com
KENANGA Investment Bank Research raised Crest Builder Holdings Bhd’s net profit estimates for 2007 and 2008 by 30.9% and 29.4% respectively following the stronger set of earnings and RM1 billion construction order book. Its earnings forecast for the financial ending Dec 31, 2007 was raised to RM34 .7 million and for FY08 to RM40 million. Maintaining a buy call on Crest Builder at RM1.16 with an unchanged target price of RM2.49, the research house expects the property division to remain the group’s key earnings contributor. “Apart from the potential capital appreciation, Crest Builder also offers a five sen dividend which translates into a decent yield of 4.3%,” it added. It said the operating margin of the property division was higher than the construction division’s 7.0%. With the completion of its “3 2 Square” project, future property earnings will be underpinned by developments in Batu Tiga and Kelana Jaya. “We were informed by the management that the take-up rate for 3 2 Square has reached 90%. Crest Builder keeps about 140,000 ft sq. of the office suites for rental purpose. About 90% of the office space has been rented out at an average rental rate of RM3.50/ft sq and this will add about RM4 million to RM5 million of recurring revenue to the group annually,” it said. Kenanga Research said the property division was higher than the construction division’s 7% and with the completion of 3 2 Square, future property earnings would be underpinned by developments in Batu Tiga and Kelana Jaya. It also said Crest Builder’s 3Q07 results beat its expectations again, of which nine-month (FY07) revenue, pre-tax and net profit constituted 87.2%, 92.5% and 104.9% of its FY07 estimates respectively. Kenanga said 3Q07 turnover dropped 8.3% year-on-year mainly due to lower contribution from the construction division. However, pre-tax and net profit jumped 33.8% and 66.1% on-year respectively, boosted by the contribution from 3 2 Square, which was completed in July with increased take-up rate. “Nine-month FY07 effective tax rate was lower at 27.7% versus 37.7% for the same preceding period, due to adjustment of over provision in tax and deferred tax in prior year,” it said.


28-01-2008: Higher target price for CBH


[url=http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_be85502d-cb73c03a-1a2760f0-4c44b86a#]Email us your feedback at fd@bizedge.com[/email]
OSK Investment Research is raising its target price for Crest Builder Holdings Bhd from RM1.75 to RM1.91 on the company’s success in bagging a condominium project which was announced last Thursday. “CBH announced it had bagged a project worth RM285 million, making it the single largest project in its order book. Combined with its secured project at end-2007, our FY08 order book replenishment has already been exceeded. By factoring in this new project, our target price has been revised upwards from RM1.75 to RM1.91,” it said. In maintaining a buy call on the construction company, OSK Research said CBH’s current price-to-earnings ratios (PER) were very undemanding at 4.4 times in FY07 and 3.7 times in FY08. CBH received an award from Starpuri Development Sdn Bhd for the construction of a condominium development on Lot 1315, Section 57, Jalan Ceylon, Kuala Lumpur. “Since we expect most of the impact to be felt in FY09 and FY10, we have increased our revenue projection for FY08 by 18%,” said OSK Research. It also revised the FY08 and FY09 earnings forecast upwards by 8.8% and 20.8% respectively. The target price of RM1.91 was derived by tagging a six times multiple to FY08 earnings.

[ 本帖最后由 股友 于 6-2-2008 10:14 PM 编辑 ]

we_sky

过于保守，上市5年，股价没什么起色，股息也.................... 倒是支持mahsing，看好mahsing3年会有很好的发展

we_sky

股息，要扣税的
2003 2% Ex-day 08/09/2003
2004 2% Ex-day 28/06/04
2005 4% Ex-day 28/06/05
2005 2% Ex-day 08/11/2005
2006 2% Ex-day 10/07/2006
2007 5% Ex-day 12/07/2007

wenhong10

大家有留意这只股吗？为什么没什么起色的？

wenhong10

大家有留意这只股吗？为什么没什么起色的？

yuankai

今早发布的财务报告, Net profit  突然升了262%, PE=2， 太便宜了吧。 8591    CRESBLD    CREST BUILDER HOLDINGS BHD

Quarterly rpt on consolidated results for the financial period ended 31/12/2007

Quarter: 4th Quarter Financial Year End: 31/12/2007 Report Status: Unaudited Submitted By: YONG TIOK KENG Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/12/2007 31/12/2006 31/12/2007 31/12/2006 RM '000 RM '000 RM '000 RM '000 1 Revenue 89,663 94,044 362,968 318,266 2 Profit/Loss Before Tax 46,894 4,896 85,315 31,460 3 Profit/Loss After Tax and Minority Interest 44,844 3,487 72,641 20,034 4 Net Profit/Loss For The Period 44,844 3,487 72,641 20,034 5 Basic Earnings/Loss Per Shares (sen) 36.20 2.80 58.70 16.40 6 Dividend Per Share (sen) 7.00 5.00 7.00 5.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Tangible Assets Per Share (RM) 2.0100 1.4600 Remarks: N/A

26/02/2008   05:33 PM

Ref Code: 20080226FA05178

hc.goh

牛.........................

股友

可能是来自batu tiga 的 sales 或其他project。kelana jaya 的condo development 已改成office tower，估价不超过５千万，可能要en－block sales，还没confirm。

Mr.Business

CREST建築獲近9000萬合約 產業業務淨利貢獻將漲至60%

Updated : 27-06-2007
Media : 星洲日報

CREST建築（CRESBLD，8591）料在近日獲得一項總值9000萬令吉的建築合約，同時預計在產業市場逐漸復甦下，旗下產業業務對2007年財政年的淨利貢獻將漲至60%。

該公司董事經理楊全周在股東大會後表示，該公司正競標本地總值超過10億令吉的基建及建築工程。

獲Kiaramas兩建築工程

該公司旗下子公司Crest建築私人有限公司獲得Kiaramas發展私人有限公司頒發兩項建築工程，以為後者設立Gateway Kiaramas發展計劃中的12層樓辦公樓、31層樓服務公寓及停車場。

該工程為期23個月，並預計在2009年7月完成。

他補充，公司目前手持9億5000萬令吉訂單，其中未完成合約總值達5億600萬令吉，但沒有涉及任何海外工程。

他透露，CREST建築計劃透過聯營或單獨方式在哈薩克探索基建及建築工程，並有意進軍越南市場，特別是產業領域，惟目前還在研究中。

另外他指出，在政府各項新政策及持續高漲的產業價格帶動下，近兩年的產業市場預期會有不錯表現，同時預計旗下產業業務將為2007年財政年貢獻60%淨利，前期為30%。

楊全周透露，該公司位於八打靈再也的商業產業生意坊（3 Two Square）建築工程已步入尾聲，該公司也有意尋求更多跨國企業入駐。

他說，該公司為國家房屋公司（SPN）承建的沙亞南公寓計劃預期在3年內完成。該公司將在今年呈交該計劃的第3至第5期發展申請，該計劃涉及商業發展。

他披露，CREST建築位於滿家樂的產業發展計劃預計在2008年開動，發展總值約1億令吉。該公司也計劃在格拉妠再也發展總值達1億令吉的辦公高樓。

yuankai

股友兄，你有主意吗？
Cresbld 今年的 4 quarter Revenue 下降了少许 但 net profit  上升了这么高，你知道是什么原因吗？
他们是否有出售产业或有其他的收入。。。

股友

它其他的私人／政府project的收入我不清楚。construction 是他们的强项。development是有美的地他们收购才发展，基本上是没有地库。１５层的office tower 已租了８０％，看＃１，那是很好的income。可惜还有６个ground floor 单位（不是office tower）是sale then lease back，还没能帮owner 找到租户。从去年１１月须付给owner 近RM１２，０００的租金每个月给每个单位。

yuankai

Osk Investment Daily Research

Crest Builder --> Target Price RM2.02

FY07 earnings displayed a 70.4% growth on back of a 14% rise in revenue. We do not expect its recent orderbook replenishment rate to slow down as it is still eyeing for projects under the 9MP. In our view, CBH!¡¥s share price has yet to reflect its recent performance and future prospects. Current cheap valuations should provide a good level to accumulate the stock. Maintain BUY with a TP of RM2.02.  

Nice growth. CBH recorded a net profit of RM72.6m (+263% y-o-y). However, included in this amount was a gain on revaluation of its investment properties (RM38.5m). Stripping off this revaluation gain, FY07 earnings still grew by an impressive 70.4%. This is on back of a 14% revenue growth. Relative to our forecast of RM33.1m, core earnings were within expectations, coming in at RM34.1m.  

Property boosting margins. The core earnings growth was driven by
(i) lower effective tax rate (27% FY07 vis-¡§¡è-vis 36% FY06) and
(ii) margin expansion. Better contributions from the property division were the main source behind this margin expansion. EBIT margins for the property division stood at a whopping 65.6% (56.5% in FY06). However, construction margins were less than attractive at 5.4% (EBIT level)

Further boost from construction?
Management has indicated to us that they are eyeing at more projects under the 9MP mainly related to the education segment. It is likely that these targeted projects would involve the construction of universities or schools. We understand CBH is currently undergoing negotiations with the related parties regarding the terms. Thus far, CBH has been replenishing its orderbook very well. Within the past 3 months, the company had secured 2 projects with a combined value of RM382m. We foresee more to come from this little contractor.

Rental income remains good.
We were guided that 80% of its corporate offices in Three 2 Square have been rented out. The rental rates vary between RM3.30 to RM4 per sq ft. It will soon be operating a car park in the similar vicinity. On its property development, we were told that the S&P agreement to purchase the land has yet to be completed. The Mont Kiara development is also awaiting approvals from the relevant authorities.  

Maintain BUY.
Current valuations are running very low, at 3.4x and 2.7x FY08 and FY09 earnings respectively. We recommend investors to accumulate this stock before it narrows the valuation gap. Our target price of RM2.02 is based on 6x FY08 earnings.  

Source From: http://www.osk188.com/Rindex.jsp

[ 本帖最后由 Mr.Business 于 27-2-2008 12:18 PM 编辑 ]

股友

有可能是来自batu tiga 整栋 apartment卖给政府机构。

yuankai

Source From Osk: gain on revaluation of its investment properties (RM38.5m).
所以Net Profit 间接提高了RM38.5million 咯。。

股友

可能是对主楼的估价而纳入公司的asset，去年十月才拿到入伙纸。但这个价钱似乎偏低了些。。。

icy97

克立斯是股市遺珠？

投資致富  2012-01-29 19:05
八打靈長期讀者徐達庭問：本人以72仙買下2萬股克立斯建築（CRESBLD,8591,主版建築組），因為該公司今年派股息4仙，每股價值約2令吉左右，可是最近卻跌了10仙左右，是否很便宜，是股市遺珠嗎？值得繼續投資嗎？請分析。

答：克立斯建築主要核心業務分別為建築及房產業發展。

該公司最新業績，截至2011年9月30日止，第三季淨利為658萬4千令吉，前期為350萬9千令吉。而營業額為1億8千619萬2千令吉，前期為1億2千935萬令吉。第三季每股淨利為5.30仙，前期為2.80仙。每股資產值為2令吉13仙。

首9個月淨利則為2千730萬3千令吉，前期為1千零72萬1千令吉。營業額為3億7千275萬令吉，前期為3億2千227萬8千令吉，而首9個月的每股淨利為22.0仙。

旗下建築業務的營業額，相等於房產業發展業務的10倍，即建築業還是主要核心業務，分別為3億3千759萬令吉及3千320萬6千令吉。

淨利大增，相信包括脫售雙溪毛糯一塊占地6.33英畝商業地，獲利1千972萬令吉所致，而這是一次過的收入。

如果以最新首9個月的業績淨利表現為准，若以今年1月3日收市價65仙為准，甚至是上述所說的72仙收購價，最新年度化每股淨利達到29.3仙，使本益比低至約2.22倍水平。

若是往後能夠保持一樣的每股淨利水平，無疑是顯得便宜，所以有必要跟進所攫取新工程合約或產業發展計劃的動向，而其涉及業務領域與國家經濟興衰息息相關。

資料顯示，過去約1年來，該公司並沒有宣佈攫取重大的工程合約。該公司管理層在2011年中表示，持有訂單達13億令吉，足以支撐兩年半（目前剩下約兩年），而產業總發展值達到8億令吉。當時，尚未發展地皮為20英畝。

該公司在宣佈最新業績時，表示會積極投標建築工程，並也有意收購新地皮以進行產業發展計劃。上述一點資料供參考。（星洲日報／投資致富‧投資問診室）

icy97

SUMMARY OF KEY FINANCIAL INFORMATION

31/12/2011

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2011	31/12/2010	31/12/2011	31/12/2010
		$$'000	$$'000	$$'000	$$'000
1	Revenue	127,099	137,801	499,849	460,079
2	Profit/(loss) before tax	3,450	4,018	37,350	20,121
3	Profit/(loss) for the period	2,658	3,199	29,415	13,914
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,646	3,219	30,424	13,939
5	Basic earnings/(loss) per share (Subunit)	2.90	2.60	24.60	11.30
6	Proposed/Declared dividend per share (Subunit)	5.00	4.00	5.00	4.00
		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 ($$)	2.1500		1.9400

icy97

CREST建築Detik Utuh 聯營2.2億工程

股市29/03/2012 20:24
（吉隆坡29日訊）CREST建築（CRESBLD，8591，主要板建築）與Detik Utuh私人有限公司的聯營公司，將與地主國家基建有限公司（Prasarana）合作開發一項2億2000萬令吉的綜合發展計劃。　

CREST建築向馬證交所報備，聯營公司在昨日獲國家基建頒發意向書，在靠近金馬（Dang Wangi）輕快鐵站附近、2.72英畝的地段發展這項綜合計劃。

“這項綜合商業發展計劃，包括一座零售大廈、高檔服務住宅套房、酒店和辦公樓。”

根據意向書內容，聯營公司與國家基建必須執行一項聯合土地發展同意書，聯營公司將是發展商，國家基建為土地擁有者。

此外，國家基建可獲21.2%的總發展值，相等于4664萬令吉。

截至今日閉市，CREST建築股價報79.5，揚升4仙，成交量29萬5000股。[ChinaPress]

yakchoon

请问大家对这只股有何看法，有什么好消息？