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Shariah
BMGREEN (0168) : BM GREENTECH BERHAD
okass87
Member Star
Posts: 176
Joined: Dec 2011		 21 May 2014, 10:24 PMPost #41

Boilermech to buy RM27.31mil land in Klang

KUALA LUMPUR: Boilermech Holdings Bhd is acquiring a 99-year leasehold vacant industrial land in Klang from Logiston Sdn Bhd for RM27.31mil cash.

The land would be jointly purchased by Boilermech and Logiston's major shareholder, Ruby Technique Sdn Bhd.
In a filing to Bursa Malaysia on Tuesday, Boilermech said the acquisition was expected to be funded by internally generated funds and/or bank borrowings.

It said the land was located in a strategic location and would be used to expand boiler production capacity to meet the growing demand for its boilers locally and abroad.

http://www.thestar.com.my/Business/Business-News/2014/05/20/boilermech-buys-land-in-klang/
okass87
Member Star
Posts: 176
Joined: Dec 2011		 26 May 2014, 11:00 PMPost #42

保绿美扩锅炉产能 合资2730万雪购地

（吉隆坡20日讯）保绿美（Boilerm，0168，创业板）与相关人士合作，共斥资逾2730万令吉，在雪兰莪巴生购地扩展锅炉产能。
根据文告，保绿美与Rubytech私人有限公司以2731万2880令吉，从Logiston私人有限公司手中，购得13万3550平方米土地。
保绿美表示，所购地段为拓展锅炉产能的策略地点，将会分成三部分，其中两部分为保绿美所有，另一部分则归属Rubytech。
这意味着，保绿美所出的购价为1820万8586.67令吉，Rubytech承担910万4293.33令吉。
Rubytech是Logiston的大股东之一，共同股东为全利资源（QL，7084，主板消费产品股），全利资源则为保绿美大股东。
保绿美将以内部融资和银行贷款购地。

http://www.nanyang.com/node/622483?tid=462

okass87
Member Star
Posts: 176
Joined: Dec 2011		 15 Jun 2014, 02:56 PMPost #43

全利资源保绿美父子兵打造股市之宝

http://sharesinfo4u.com/archives/343
okass87
Member Star
Posts: 176
Joined: Dec 2011		 29 Jun 2014, 11:51 PMPost #44
Boilermech seeks bigger challenges

BOILERMECH Holdings Bhd, as it awaits graduation to the Main Market of Bursa Malaysia, is looking at new areas of expansion in the palm oil and agriculture-based industries.

Boilermech is a biomass boiler manufacturer, serving mainly the palm oil milling industry. The bulk or 90% of the company’s earnings comes from this sector.

“Industries are moving towards sustainability and this presents opportunities for us. For instance, waste water from the palm oil industry is an increasingly hot topic, an area we can venture into. We currently provide boiler technology and energy solutions to the palm oil industry focusing on their solid waste, but today there are prospects in the liquid part of the waste as well, ” Boilermech executive director Chia Lik Khai tells StarBizWeek.

Chia says the company’s strategy is to bring in more green technology into the palm oil miling industry to improve efficiencies and reduce environmental footprints.

Thirty-four year old Chia is the son of Boilermech chairman, Dr Chia Song Kun who is more well known in the corporate circle as the founder of food and agriculture group, QL Resources Bhd. QL Resources is Boilermech’s major shareholder with a 40.7% stake. QL Resources had taken up this strategic stake prior to the stock’s listing on the ACE Market in 2011.

Boilermech’s other substantial shareholders are Leong Yew Cheong, the company’s managing director with a 15.1% stake and director Wong Wee Voo who has an interest of 8.4%.

While palm oil mill owners are Boilermech’s main customers, the company also designs and manufactures boilers for other agricultural-based processing industries, such as sugar milling and rubber-based manufacturing. Another area it has ventured into in recent years that offers growth opportunities is independent power producers (IPPs).

“With more independent power producers coming on stream in the region that supply power using renewable energy, this is an area of growth for us to diversify our business mix,” says Chia.

More excitingly, he says that the company is looking into equity investment opportunities in IPP projects. “In some of the projects which we are supplying boilers to, project developers are inviting us to be partners given our strong balance sheet. We are exploring opportunities in this area.” Boilermech has cash totalling RM74.5mil as at end-March.

From an investing perspective, Boilermech has done pretty well. The stock stands out as one of the largest on the ACE Market with a market capitalisation of RM779.16 mil at the current market price of RM3. This is almost a seven-fold increase in value from the initial public offering price of 33 sen in just three years ago. The flip side of this success is that the stock is currently trading at a price earnings ratio of 24.96 times, which may be seen as pricey. In the last one year, the stock had traded to a low of RM1.35.

In the last few years, the company has preferred “to stay as a big fish in a small pond” and used that time to quietly build up its business, says Leong. But the company is now ready for the “big sea” he adds referring to the stock’s impending transfer to the Main Board. Boilermech had applied for a transfer to the Main Market in November last year that is pending the regulator’s nod.

Leong says the transfer to the Main Market is a significant catalyst for the company as it would raise the stock’s visibility, raise investor confidence and improve branding. “We are also hoping it will attract institutional funds to take a stake that can help us grow,” says Leong.

Leong enthuses that the company has a “good problem in its hands” whereby it is currently running at almost full capacity with the 100 boilers it manufactures yearly. In 2011, it was manufacturing about 30 boilers per year. “Our current order book is in excess of RM310mil and this will keep us busy for the next one and a half years.

To prepare for expansion, the company recently announced that it is buying an industrial land of 22 acres in Klang for RM27.31mil in cash. “This seafront property is very strategic as it is near Pulau Indah and the mainland. As a lot of our business is outside the country, we have to use heavy machinery like barges. This new site on which a manufacturing plant would be built with a jetty would give us a good advantage in terms of logistics to cater for our export market,” says Leong. The plant is expected to be operational in 2016.

In terms of revenue, local sales contributes 48% while the bulk of export sales come from Indonesia which contribute 42% to revenue. The balance is derived from countries like Thailand, Philippines and Papua New Guinea, which are in the agricultural belt of the Asean region.

“We are well-positioned in Indonesia, but there is still a lot of room for growth in this huge market as demand for renewable energy picks up. Besides this, we are also scouting for geographical expansion in countries like Central America and Africa, where new areas of planting are emerging,” says Chia.

As the company enters a mature phase, Chia says the target is to grow about 15% to 20% yearly versus the average of between 20% to 30% growth it had done in the last few years. For its financial year 2014, Boilermech made a net profit of RM31mil over a revenue of RM241.9mil.

http://www.thestar.com.my/Business/Business-News/2014/06/28/Boilermech-seeks-bigger-challenges-Biomass-boiler-manufacturer-awaits-graduation-to-Main-Market.aspx/
okass87
Member Star
Posts: 176
Joined: Dec 2011		 27 Aug 2014, 10:48 PMPost #45

Boilermech 1Q net profit up 59% to RM10.08m

http://www.theedgemalaysia.com/business-news/303538-boilermech-1q-net-profit-up-59-to-rm1008m.html
okass87
Member Star
Posts: 176
Joined: Dec 2011		 28 Sep 2014, 12:25 AMPost #46


Forum | MalaysiaStock.Biz

okass87
Member Star
Posts: 176
Joined: Dec 2011		 28 Sep 2014, 12:27 AMPost #47


Forum | MalaysiaStock.Biz

okass87
Member Star
Posts: 176
Joined: Dec 2011		 22 Nov 2014, 11:51 PMPost #48

保绿美有资格转板

（吉隆坡21日讯）保绿美（BOILERM，0168，创业板）向马交所报备，已符合证券监督委员会提出的转板条件，并已向马交所申请转至主板交易。保绿美在去年11月申请转板，并在今年6月13日收到证券监督委员会回函指，必须符合上市主板公司条件，当中包括委任新董事。

因此，公司分别在本月18日和20日，委任了何卓源和谢勇煌（皆译音）为独立非执行董事。
随着上述委任公布和生效，保绿美也完全符合了转板条件，同时也已上呈有关申请书给马交所。

http://www.nanyang.com/node/663871?tid=462
okass87
Member Star
Posts: 176
Joined: Dec 2011		 18 Jan 2015, 03:56 PMPost #49

Forum | MalaysiaStock.Biz
LCCHONG
Member Star
Posts: 385
Joined: Jan 2014		 04 Feb 2015, 09:10 PMPost #50
BOILERM analysis - https://lcchong.wordpress.com/2015/02/04/boilerm-fundamental-analysis-4-feb-2015/
okass87
Member Star
Posts: 176
Joined: Dec 2011		 27 Feb 2015, 07:30 PMPost #51

Boilermech 9M profit rises 50% to RM31 mil

KUALA LUMPUR (Feb 25): Boilermech Holdings Bhd ( Financial Dashboard) enjoyed a 32.3% rise in its net profit for the third quarter of its financial year ending March 31, 2015 (3QFY15), to RM9.64 million, with higher manufacturing sales and improvement in margins. Revenue meanwhile was up 10.85% year-on-year to RM66.13 million.

Boilermech (fundamental: 2.3; valuation: 1.5) said its top line growth was mainly due to the increase in activity levels in manufacturing, deliveries and installation of boilers.

Its pre-tax margin, which increased by 2.6 percentage points to 19.1%, had improved as a result of higher-margin projects, as well as the recovery of doubtful debts provided in previous periods.

Boilermech’s nine-month earnings (9MFY15) jumped by a higher quantum of 49.76% to RM31.11 million or 9.39 sen a share, on revenue of RM208.16 million. This compared with the previous corresponding period’s net profit of RM20.78 million or 8.05 sen a share, and revenue of RM166.48 million.

The company said it is optimistic on its prospects, buttressed by a strong order book and a continuing positive financial performance.

In other news, Boilermech's executive director Chia Lik Kai has been reassigned as deputy managing editor, the company said in another filing. Boilermech's general manager Gan Chih Soon, meanwhile, has assumed the role of executive director, and Tee Seng Chun has become an alternate director.

Boilermech closed flat at RM1.50 today, keeping its market capitalisation at RM774 million.
LCCHONG
Member Star
Posts: 385
Joined: Jan 2014		 02 Mar 2015, 10:46 PMPost #52
BOILERM analysis - https://lcchong.wordpress.com/2015/03/02/boilerm-fundamental-analysis-2-mar-2015/
okass87
Member Star
Posts: 176
Joined: Dec 2011		 22 Apr 2015, 06:33 PMPost #53
http://www.thestar.com.my/Business/Business-News/2015/04/22/Boilermech-inks-deal-with-Aussie-firm/?style=biz

PETALING JAYA: Boilermech Holdings Bhd has entered into a 15-year agreement with Australia-based Commonwealth Scientific and Industrial Research Organisation (CSIRO) for the commercialisation of the latter’s patents, patent applications and know-how.

The agreement would focus on CSIRO technology that can enhance oil extraction from oil palm fruit in return for technology transfer fee to be paid to the Australian firm.

“The technology will provide an opportunity for Boilermech group to make further inroads into the biomass renewable energy sector, thereby broadening its scope of business activities and enhancing its profitability,” Boilermech told Bursa Malaysia.
okass87
Member Star
Posts: 176
Joined: Dec 2011		 25 Apr 2015, 01:48 PMPost #54
商业化澳榨油技术 保绿美进军再生能源

（吉隆坡22日讯）保绿美控股（BOILERM，0168，主板工业产品股）与澳联邦科学和工业研究组织（CSIRO）签署一项合约，将后者的榨油技术专利商业化。
保绿美控股提呈给大马交易所的文告指出，这份合约由旗下独资子公司保绿美Oretech私人有限公司（简称BOSB）签署。
根据合约，保绿美Oretech可将澳联邦科学和工业研究组织所创造的特定专利技术、使用方法和榨油诀窍商业化。这些技术可提升棕油榨取效率。
“透过这个合约，保绿美可进军生物再生能源领域，扩大公司业务范围，提高盈利。”
保绿美控股将可获得技术转移，此外，也须支付部分金额给CSIRO，不过没有公布支付的数额。
该合约为期15年，即起生效。

http://www.nanyang.com/node/695983?tid=462
okass87
Member Star
Posts: 176
Joined: Dec 2011		 25 Apr 2015, 01:49 PMPost #55
Boilermech to commercialise CSIRO's oil extraction technology

KUALA LUMPUR (April 21): Boilermech Holdings Bhd has inked a deal with the Commonwealth Scientific and Industrial Research Organisation, Australia (CSIRO), to commercialise the latter's patented oil extraction technology.

In a filing with Bursa Malaysia, Boilermech said its wholly-owned unit Boilermech Oretech Sdn Bhd (BOSB) has entered into a commercialisation agreement with CSIRO today, for the commercialisation by BOSB of certain CSIRO patents, patent applications and know-how in oil extraction efficiency.

In return for the technology transfer, an undisclosed fee will be paid to CSIRO, said Boilermech (fundamental: 2.3; valuation: 1.5).

Boilermech said it shall assume responsibility for BOSB, if the latter fails to fulfil the obligations under the agreement according to a parent company deed which the former signed on even date with CSIRO and BOSB.

It said the term of the agreement will last for 15 years starting today, unless terminated earlier in accordance with the said agreement.

The boiler manufacturer said the technology transfer will provide an opportunity to make further inroads into the biomass renewable energy sector, and hence broaden its scope of business activities and enhance its profitability.

“While the technology is new, the directors are of the opinion that it will enhance the future prospects of the group,” it added.

Boilermech shares ended unchanged at RM1.56 today, giving it a market capitalisation of RM799.8 million.
LCCHONG
Member Star
Posts: 385
Joined: Jan 2014		 23 May 2015, 10:57 PMPost #56
BOILERM Analysis - https://lcchong.wordpress.com/2015/05/23/boilerm-fundamental-analysis-23-may-2015/
LCCHONG
Member Star
Posts: 385
Joined: Jan 2014		 26 Aug 2015, 10:42 PMPost #57
BOILERM Analysis - https://lcchong.wordpress.com/2015/08/26/boilerm-fundamental-analysis-26-aug-2015/
Mark Tse
Member Star
Posts: 16
Joined: Dec 2018		 22 Feb 2019, 10:22 AMPost #58
  • Boilermech Holdings Berhad (Boilermech)’s 3QFY19 net profit was RM5.8m, which increased 5.3% qoq and 16.1% yoy. However, revenue tumbled 7.5% qoq and 8.1% yoy.
  • As for 9MFY19, the Groups’ revenue and net profit improved 3.0% yoy and 12.3% yoy respectively. The encouraging yoy growth was underpinned by better performance in both Bio energy and Water treatment segments.
  • Within expectations. The Group’s 9MFY19 net profit of RM16.3m was within ours and consensus expectation, meeting 74.8% and 75.8% of the full year net earnings forecasts respectively.
Michael Teo
Member Star
Posts: 24
Joined: Dec 2018		 22 Feb 2019, 10:52 AMPost #59

Maintain HOLD on Boilermech with an unchanged fair value of RM0.65/share. Our fair value for Boilermech is based on an FY20F PE of 15x. Boilermech is currently trading at an FYE3/20F PE of 13.7x compared with CB Industrial Product Holdings’ basic FYE12/19F PE of 10.8x. We believe that Boilermech is trading at a premium valuation as it has a strong market share in the boiler industry in Indonesia and Malaysia. Boilermech's 9MFY19 net profit was within our expectations.
Michael Teo
Member Star
Posts: 24
Joined: Dec 2018		 22 Feb 2019, 10:52 AMPost #60

Boilermech’s net profit rose by 12.3% to RM16.3mil in 9MFY19 from RM14.5mil in 9MFY18 on the back of projects, which command higher margins and increased contribution from the water treatment division. Group revenue inched up a mere 3% YoY to RM162.5mil in 9MFY19. Revenue of the bioenergy division was flat at RM137mil in 9MFY19. In a Bursa Malaysia announcement, Boilermech said that it continues to face a challenging operating environment as the order book for the current financial year is lower than last financial year.

yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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