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Coming QR profit can be more higher?? because Redtone acquires 6.38% stake in HeiTech Padu for RM15.35mil (Source: TheStar Friday, 23 Aug 2024, 7:42 PM).
As at 30 Sept 2024, HTPADU share price at RM 3.66
REDtone Digital Bhd (KL:REDTONE) has emerged as a substantial shareholder in HeiTech Padu Bhd (KL:HTPADU) after acquiring a 6.38% equity stake comprising 7.1 million shares in the open market for RM15.35 million. In a filing with Bursa Malaysia on Friday, REDtone said it purchased the 6.38% stake in HeiTech Padu at an average price of RM2.16 per share between June 27 and Aug 23, 2024. (Source: TheEdge Malaysia 23 Aug 2024, 10:49 pm)
Letter of award from Sime Darby Property (Golfhome) Sdn Bhd for the superstructure works of a condominium consisting of 3 blocks and 150 units, with a total value of RM 321,088,683.20, averaging RM 2.14 million per unit !!!
As of June 30, 2024, the company's outstanding order book stands at RM 2.1 billion (as reported on page 9 of the 24Q2 report). Following the addition of the latest LA of RM 0.32 billion on September 24, 2024, the total order book increases to RM 2.42 billion. Assuming that the construction segment generates revenue of RM 170 million in the upcoming 24Q3 quarter, the order book would still reflect RM 2.25 billion after accounting for this recognized revenue. If we apply a projected profit before tax (PBT) margin of 3.7% (based on the PBT from 24Q2) to the RM 170 million revenue, this would yield a PBT of approximately RM 6.29 million. Additionally, the company also has involved a 70% stake in concessionaire assets and maintenance, which consistently generates a stable profit before tax (PBT) of approximately RM 3.5 million per quarter
Disclaimer: The above content is not financial advice. Investing carries risks, and investors assume those risks on their own. The value of shares and investments can fluctuate, and past performance is not indicative of future results.
