GFM

GFM

Postby winston » Mon Mar 04, 2019 8:58 am

not vested

Trading Buy: GFM - 0039
(Last price: RM0.505, Potential upside +19.8%)

Company Profile
GFM Services (GFM) is a pure-play Facilities Management (FM) service provider with a proven track record of 19 years’ experience in providing integrated facilities management (IFM) and consultancy services to public and private sectors.

Trading Catalyst

Excluding the RM5.9m one-off corporate exercises’ expenses, GFM’s earnings surged 36.4% YoY to RM13.5m on 17.9% growth in revenue to RM123.1m, driven by 1M earnings consolidation of newly acquired KPMD (completed in Nov 2018), new projects secured as well as the renewal and extension of contracts with higher rates

Share prices are likely to rebound further in anticipation of promising outlook ahead, underpinned by growing IFM market in Malaysia, robust order book of RM1.4bn (long term earnings visibility in FM and concessionaire) following the KPMD acquisition and strong renewal rates.

Uptrend intact to test RM0.55-0.605 zones after reclaiming 200D SMA.


Technical View
Resistance: RM0.530 / RM0.550 / RM0.605
Support: RM0.480 / RM0.470
Cut loss: RM0.460

Key Financial Stats
• Trading at 10.2x FY19E (17% below peers), supported by robust RM1.4bn order book.

Source: HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Posts: 118536
Joined: Wed May 07, 2008 9:28 am

Re: GFM

Postby winston » Wed Jul 03, 2019 9:09 am

not vested

Trading Buy: GFM - 0039
(Last price: RM0.455, Potential upside +24.2%)

Company Profile
GFM Services (GFM) is a pure-play Facilities Management (FM) service provider with a proven track record of 19 years’ experience in providing integrated facilities management (IFM) and consultancy services to public and private sectors.

Trading Catalyst

Driven by contribution from KP Mukah, new projects, as well as improved rates for contract renewals, GFM’s 1Q19 PBT surged 83% YoY and 225% QoQ to RM7.5m, respectively.

Management is upbeat on earnings prospects moving forward, underpinned by growing IFM market in Malaysia, solid RM1.38bn orderbook and is targeting to secure the subsequent full-scale contract for the provision of FM services for luxirious BBCC project.

GFM is currently trading at 9.7x P/E (18% discount to its peers and 58% below its 3Y average of 23.2x). Moreover, GFM is likely to attract more institutional investors once its application to transfer to the Main Market is successful.

Technically, the stock is poised to breach 200D SMA resistance at RM0.47, before moving higher to RM0.505-0.565 zones.


Technical View
Resistance: RM0.470 / RM0.505 / RM0.565
Support: RM0.430 / RM0.415
Cut loss: RM0.410

Key Financial Stats
Trading at 9.7x FY19E (18% lower than average peers),supported by a strong RM1.3bn orderbook.

Source: HLIB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118536
Joined: Wed May 07, 2008 9:28 am


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