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发表于 14-10-2008 04:53 PM
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发表于 3-11-2008 11:15 AM
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Monday November 3, 2008
LCL aims for more deals from Mideast
By DANNY YAP
It has tendered for RM4bil worth of projects there
WHEN most corporations are thinking about sizing down their operations due to poor market sentiments and worries of a global economic downturn, leading interior-fit-out (IFO) company LCL Corp Bhd is aggressively expanding its operations, especially in the Middle East, and is looking to secure even more large contracts there.
Group managing director Low Chin Meng said for the past two to three months the company had tendered for RM4bil worth of projects in the Middle East and hoped to win some sizable contracts.
“The Middle East, especialy Dubai, has been good for our IFO business. Since making our presence there back in 2004, LCL’s business has expanded by leaps and bounds,” he said.
Low said the company sees the region as a place for long-term growth opportunities, despite the current sharp fall in oil prices, which could possibly slowdown the development pace in the oil- rich nations.
Since expanding its IFO business into the Middle East, LCL has not rested on its laurels and has made significant inroads into other countries such as Kazakhstan, India, Qatar, Dubai, Singapore and Brunei and plans to venture into the North American market soon .
Currently about 80% of LCL’s revenue is derived from the Middle East, Kazakhstan (15%), India (2%) and the balance 3% from Malaysia.
For the six months ended June 30, LCL posted higher pre-tax profit of RM16.7mil on revenue of RM201.2mil, compared with RM107.28mil and RM10.91 pre-tax profit in the corresponding period a year earlier.
Low said: “I wish I could say it was a well-thought out plan to venture abroad but this was not the case. It was a matter of survival. Competition in the local IFO industry was tough with too many players - small and large, and profit margins were razor thin. The foray into the Middle East was the best move for LCL as we managed to quickly secure several lucrative IFO projects.”
Undeniably, the decision to venture into the region was in tandem with the move by oil rich nations in the Middle East to transform cities like Dubai and Abu Dhabi into world class international tourists destinations by investing heavily in infrastructure such as roads, highways, tunnels as well as five-star hotels, motels and other residential and commercial projects, which benefited LCL.
On securing more projects in the Middle East, he said LCL was well-positioned to take advantage of its solid track record and strong brand name to secure more and larger IFO contracts in the region and elsewhere.
“Going by our track record in the IFO business in the Middle East, we hope to secure a number of sizeable projects there,” he told StarBiz.
Low said currently there were about RM500mil to RM600mil worth of IFO contracts in-hand to be completed.
“It will last us about one and a half years,” he said, adding that the company has tendered for RM4bil worth of new projects.
“We target to secure about 10% of those projects, which will replenish our order book substantially.”
Low said the company had completed large projects on time and mostly within budget, citing the recent completion of the IFO projects for the Atlantis Hotel and Dubai Mall Hotel, which is in the process of being handed over.
“We have also secured the IFO project for the JT Metro red line Jebel Ali station and hope to secure other IFO projects for the other lines in time,” he added.
http://biz.thestar.com.my/news/story.asp?file=/2008/11/3/business/2433726&sec=business |
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发表于 3-11-2008 11:20 AM
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Monday November 3, 2008
Analysts say LCL’s growth potential promising
MOST analysts are upbeat on LCL Corp Bhd despite the shares falling to a low of 90 sen last Friday compared with RM2.49 three months ago (July 31).
A local analyst said LCL’s fundamentals and management expertise were good, and growth potential looked promising.
“But like most stocks on the exchange, it has been hit hard by the poor market sentiments and investors (local and foreign) are pulling out of the stock market driven mainly by fear,” she said.
In a Bursa Malaysia filing dated Sept 29, Goldman Sachs ceased to be a substantial shareholder in LCL on Sept 22 after disposing of 8.06 million shares at undisclosed prices.
An analyst with Kenanga Research maintained a “buy” call with a lowered target price of RM3.90 using the regional international interior fit-out companies’ FY2009 price-earnings ratio (PER) of 10 times and FY2009 earnings per share of 39.2 sen.
He said LCL was currently trading attractively at 6.3 times and 5.1 times FY2008 and FY2009 PER, respectively
An analyst with Netresearch-Asia Sdn Bhd also has a “buy’”call on the stock.
He said LCL’s prospective revenue and earnings per share (EPS) were expected to register strong compound annual growth rates of 51% and 91% respectively from 2007 to 2009.
The research house said the growth was backed by the company’s strategy to “go where the oil flows” via the booming real estate sector in the Middle East.
However, he said the brokerage had lowered its forecasts for FY2008 and FY2009 net profit by 19% and 8% to RM45.3mil and RM56.1mil from RM56mil and RM60.5mil respectively.
This is on the assumption of slower contract billings and reduction in Malaysian contracts.
An analyst with CIMB was even more optimistic with LCL’s performance going forward saying it was business as usual for the company with no worrying signs such as difficulty getting project financing or slowdown in recruitment.
The analyst, who has an “outperform” call on the stock with a target price of RM4.05, said LCL’s clients were either premium clients or the Government.
He said Dubai and Abu Dhabi would increasingly play an important role going forward and 80% of LCL’s current earnings were from there.
“However, LCL’s valuations are at depressed levels,” he said.
He added that foreign shareholding had dropped to 29% from a high of 44% at end-2007.
http://biz.thestar.com.my/news/story.asp?file=/2008/11/3/business/2434752&sec=business |
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发表于 19-11-2008 05:37 PM
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| General Announcement | | Reference No LC-081119-51709 |
| Company Name | : | LCL CORPORATION BERHAD | | Stock Name | : | LCL | | Date Announced | : | 19/11/2008 |
| Type | : | Announcement | | Subject | : | | LETTER OF AWARD AND ACCEPTANCE FOR PROPOSED INTERIOR FIT-OUT WORKS |
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| | Contents | : | | Pls refer to detailed announcement below. |
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Announcement Details :
The Company is pleased to inform that its subsidiary, LCL Furniture Sdn Bhd (“LCLF”) has received the following Letters of Award for the projects
as described below:-
One Residency Condominiums and Service Apartments development at Kuala Lumpur, Malaysia
LCLF
has on 18 November 2008 received a letter of award from UOL Serviced Residences Sdn Bhd ( a member of UOL Group , Singapore) for the above interior fit-out works at
One Residency, a 31 storey luxury condominiums and service apartments development at Kuala Lumpur
for a total contract sum of RM20 million .
The project comprises interior fit-out works to all the 31 floors over a period of 4 months commencing from January 2009 and expected to complete by April 2009.
Berjaya Times Square Hotel, Kuala Lumpur
LCLF has on 18 November 2008 received a Letter of Acceptance dated 17 November 2008
for the proposed renovation and refurbishment to the14th floor of Berjaya Times Square Hotel, No.1, Jalan Imbi, 55100 Kuala Lumpur (the "Berjaya Project") for a total contract sum of RM7.73 million. The Berjaya Project is expected to commence with effect from 27 November 2008 for a
period of 5
months ending in April 2009.
Four Point Hotel , Kuching, Sarawak LCLF has received letters of acceptance
from Global Upline Sdn Bhd
in respect of the Proposed Interior Fit-out works for 12 storey hotel known as Four Point Hotel situated on Lots 3186, 3187, 3281 and part of Lot 7143, Block 16, KCLD, Kuching, Sarawak ("the Hotel Project") for a total aggregate contract sum of RM14.5 million The Hotel Project has commenced in July 2008 and expected to complete by end of the year.
FINANCIAL EFFECTS
It is expected that all the above projects (collectively referred to as the Total Projects”)
with a total sum of
RM42.23 million shall contribute positively towards the earnings of the Group for the current and next financial year. The Total Projects does not have any material effect on the net asset per share, gearing, share capital and substantial shareholders’ shareholding of the Group.
APPROVAL REQUIRED
The Total Projects was secured through a tendering process and being incurred in the ordinary course of business does not require the approval of the shareholders or any relevant authorities.
All the letters of acceptances and letter of award as described above are available for inspection during office hours between 9 am to 5 pm from Monday to Friday.
INTERESTS
The Board of Directors after due consideration is of the opinion that the Total Projects is in the best interests of the Group. None of the Directors, major shareholders or persons connected to them have any interest, whether, direct or indirect in the Total Projects
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http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/48256E5D00102DF44825750600333B9C?OpenDocument |
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发表于 24-11-2008 06:39 PM
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SUMMARY OF KEY FINANCIAL INFORMATION | 30/09/2008 |
| INDIVIDUAL PERIOD | CUMULATIVE PERIOD | | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | | 30/09/2008 | 30/09/2007 | 30/09/2008 | 30/09/2007 | | RM'000 | RM'000 | RM'000 | RM'000 | | 1 | Revenue | 147,901 | 78,480 | 349,089 | 185,759 | | 2 | Profit/(loss) before tax | 8,575 | 7,450 | 25,309 | 18,360 | | 3 | Profit/(loss) for the period | 10,519 | 7,187 | 27,955 | 17,221 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 9,746 | 6,300 | 26,735 | 16,644 | | 5 | Basic earnings/(loss) per share (sen) | 6.81 | 4.40 | 18.68 | 11.63 | | 6 | Proposed/Declared dividend per share (sen) | 0.00 | 0.00 | 0.00 | 0.00 |
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| 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 (RM) | 1.0900 | 0.9300 |
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发表于 25-11-2008 09:49 AM
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LCL 业绩终于出炉了！！！！
Nine-month net profit 26.735 million (increased 60.63%) 
果然是高成长股，今天就买进一些~~ |
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发表于 25-11-2008 09:53 AM
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听说WCT在中东的一些工程已经暂停了，不知到时还有什么IFO工程可以给LCL做。。。 |
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发表于 25-11-2008 10:31 PM
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发表于 27-11-2008 11:38 AM
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发表于 27-11-2008 12:07 PM
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回复 770# cocoloco 的帖子
是吗！如果没有翻车你会怎样？？？ |
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发表于 27-11-2008 12:10 PM
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发表于 27-11-2008 12:17 PM
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回复 772# cocoloco 的帖子
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那你认为他是黑金股么？？ |
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发表于 21-12-2008 09:17 PM
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发表于 22-12-2008 01:06 PM
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发表于 24-12-2008 10:08 AM
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发表于 19-1-2009 11:39 PM
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LCL 真的如前辈所说的是地雷股？中东经济有那么差吗？适合买进吗？ |
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发表于 19-1-2009 11:46 PM
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发表于 20-1-2009 10:06 AM
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回复 779# SiGinna 的帖子
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看来真的要出现坏消息了... |
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发表于 20-1-2009 10:35 AM
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发表于 20-1-2009 11:39 AM
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 本周最热论坛帖子
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roposed
as a measure to increase the capital base of LCL's operations in the
。。。小赚就好
1618 
35
