Fajarbaru Builder Group Bhd

KUALA LUMPUR: Genting Malaysia Bhd, Capital A Bhd, AirAsia X Bhd (AAX), Critical Holdings Bhd, Exsim Hospitality Bhd and Fajarbaru Builder Group Bhd are among the stocks to watch on Tuesday.

KUALA LUMPUR: Genting Malaysia Bhd, Capital A Bhd, AirAsia X Bhd (AAX), Critical Holdings Bhd, Exsim Hospitality Bhd and Fajarbaru Builder Group Bhd.

PETALING JAYA: Fajarbaru Builder Group Bhd (FBG) has accepted a letter of offer from state-owned Penang Development Corp (PDC) to develop MediCity in Batu Kawan, Penang.

KUALA LUMPUR: Penang Development Corp has offered Fajarbaru Builder Group Bhd (FBG) a 95.4 hectare land area in Batu Kawan, Penang to be developed into a medicity which will house health and medical facilities, residential, retail and commercial projects.

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Fajarbaru Builder Group Bhd has accepted a letter of offer from Penang Development Corporation (PDC) for the proposed development of Medi-City in Batu Kawan, covering approximately 235.8 acres.

KUALA LUMPUR: Stocks to watch on Monday include WMG Holdings Bhd, Glostrext Bhd, Fajarbaru Builder Group Bhd, Gadang Holdings Bhd, Sunway Real Estate Investment Trust (Sunway REIT) and Pharmaniaga Bhd.

KUALA LUMPUR: Fajarbaru Builder Group Bhd’s wholly-owned subsidiary, Fajarbaru Land (M) Sdn Bhd (FLM) has entered into a share purchase agreement (SPA) with Mayfair International Investments Pty Ltd (MII) to dispose of 44.44% stake in BFB Project Pty Ltd for A$4.2mil (RM12.1mil).

星辰建筑2024财年重返盈利业绩表现创下新纪录
- 集团全年营业额达到4亿9741万令吉，上市以来新高
- 净利润5547万令吉，为2018财年以来最高
$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD) #FY2024 #RECORD-BREAKING

FAJARBARU KEMBALI UNTUNG PADA TK2024 DENGAN REKOD PRESTASI KEWANGAN TERBAIK
- Pendapatan tahunan sebanyak RM497.41 juta, tertinggi sejak IPO
- Keuntungan bersih sebanyak RM55.47 juta, tertinggi sejak TK18
$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD) #FY2024 #RECORD-BREAKING

FAJARBARU RETURNS TO PROFITABILITY IN FY2024 WITH RECORD-BREAKING FINANCIAL PERFORMANCE
- Full-year revenue of RM497.41 million, highest since IPO
- Net profit of RM55.47 million, highest since FY2018
$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD) #FY2024 #RECORD-BREAKING

$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD): A Brighter Future Ahead

FAJAR's building division has recently achieved notable success, securing significant projects such as a RM120.82 million golf club development in Johor awarded by Tanjung Nakhoda and a RM11.04 million preliminary works contract from the Australian Department of Defence. These projects are scheduled to commence in the fiscal year 2024 (ending June 30) and are anticipated to positively impact the company's future earnings and net asset value per share.

FAJAR's order book currently stands at approximately RM1.1 billion, with additional projects in the bidding phase estimated at a total value of RM4.8 billion. This order book represents 4.9 times its FY2023 revenue and 3.4 times its market capitalization. By comparison, Malaysia's largest construction stock by market value, $GAMUDA / 5398 (GAMUDA BERHAD), has an order book that accounts for only 2.9 times its revenue and 1.1 times its market capitalization. Given these figures, FAJAR warrants close attention.

In the realm of property development, FAJAR's strategy is impressive. The company is currently working on the Desa Green project in Kuala Krai, Kelantan, which features single-story terrace houses and single-story semi-detached houses with an estimated gross development value of RM69.8 million. Additionally, in January 2024, FAJAR secured a development contract from Perbadanan Putrajaya for the integrated development project, Residensi Cemara, which includes 480 units of Residensi Madani and 320 units of Residensi Wilayah, with a total gross development value of RM192 million.

FAJAR is also making waves in Australia with its Melbourne-based project, The Wilds, which is set to become the city's first carbon-neutral detached residential development. The project, featuring homes fully powered by electricity and equipped with solar panels, is expected to be completed by the third quarter of 2025.

In the timber and wood trading sector, FAJAR owns approximately 20,468 acres of developable land, which is expected to continue generating revenue for the company in the foreseeable future. In the plantation sector, FAJAR is engaged in agricultural activities on 600 acres of land in Jerantut, Pahang, including reforestation, fruit cultivation, and eucalyptus planting. Furthermore, the eco-farm currently under development in Port Dickson, Negeri Sembilan, is anticipated to open to the public in late 2024, providing a new source of income for the group.

Despite facing challenges such as international conflicts, rising raw material costs, and economic uncertainties, FAJAR's diversified business portfolio and prudent management strategy have positioned the company to navigate these obstacles effectively. By focusing on its four key business areas—construction, property development, timber and wood trading, and plantations—FAJAR is well-positioned to ensure the sustainability of its revenue streams.

Titan Weekend Chart Reviews

$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD)

Since breaking out towards the RM 0.57 regions, had been retracing over the past 1-2 weeks back towards the RM 0.515+ major support levels.

For now still holding quite well above this region and if able to sustain, could breakout back towards the RM 0.55 - RM 0.57 regions soon for an uptrend continuation pattern.

Support: RM 0.515 area
Resistance: RM 0.535, RM 0.55, RM 0.57 areas

$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD)
The current resistance breakout has now established a new support level. Despite negative market sentiment yesterday, but it still large volume to pullback the price . RSI show the above line MA(red line ) ,which is show good sign .

Titan Trading Notes For Friday [19/7/2024]

$KLSE-KLCI remained in the green today, closing at 1633 despite having over 720 counters closing red for the day. I would say market sentiment today was quite negative likely attributed to NASDAQ being down by over 500 points last night. That said, daily trading volume still stable around the 5.4 billion mark, which is a good sight.

Main stocks that showed strong buying momentum today would be the likes of HUBLINE, JAKS, EKOVEST, NOVAMSC, DATAPRP, BJCORP, MRCB, FAJAR, SPSETIA, TANCO, WCT, PLYTEC, BJLAND, and TOPGLOV. All of which were able to sustain their rallies throughout the day on the top volumes list despite the negative market sentiment.

$EKOVEST / 8877 (EKOVEST BERHAD) despite being overbought and the negative market sentiment, was able to resume its bullish sentiment, breaking out all the way towards the RM 0.58 regions with good volume and buying momentum today on the daily chart.

For now still not showing any signs of weakness yet and as long as able to sustain above its RM 0.545 immediate support, could continue on towards and beyond its RM 0.60+ major resistance levels soon.

Will still be monitoring EKOVEST closely here.

$PLYTEC / 0289 (PLYTEC HOLDING BERHAD) since breaking out from its RM 0.28+ major resistance levels over the past month, had been able to slowly trend up here and was even able to breakout towards its RM 0.36 all time high levels with good volume and buying momentum.

For now looking quite strong here despite being overbought on the daily chart. As long as able to sustain above its RM 0.31+ immediate support, could continue on this new uptrend very soon.

Note that PLYTEC's IPO price was at RM 0.35. May use this as reference when trading it. Will monitoring PLYTEC closely.

$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD) despite the negative market sentiment, was able to breakout strong from its RM 0.54 major resistance levels and rallied all the way towards the RM 0.57 regions with huge volume and buying momentum here.

For now although facing some selling pressure above the RM 0.55+ regions, would still be looking good as long as able to sustain above its RM 0.53+ immediate support levels for this week.

Titan Trading Notes For Friday [19/7/2024]

$KLSE-KLCI remained in the green today, closing at 1633 despite having over 720 counters closing red for the day. I would say market sentiment today was quite negative likely attributed to NASDAQ being down by over 500 points last night. That said, daily trading volume still stable around the 5.4 billion mark, which is a good sight.

Main stocks that showed strong buying momentum today would be the likes of HUBLINE, JAKS, EKOVEST, NOVAMSC, DATAPRP, BJCORP, MRCB, FAJAR, SPSETIA, TANCO, WCT, PLYTEC, BJLAND, and TOPGLOV. All of which were able to sustain their rallies throughout the day on the top volumes list despite the negative market sentiment.

$EKOVEST / 8877 (EKOVEST BERHAD) despite being overbought and the negative market sentiment, was able to resume its bullish sentiment, breaking out all the way towards the RM 0.58 regions with good volume and buying momentum today on the daily chart.

For now still not showing any signs of weakness yet and as long as able to sustain above its RM 0.545 immediate support, could continue on towards and beyond its RM 0.60+ major resistance levels soon.

Will still be monitoring EKOVEST closely here.

$PLYTEC / 0289 (PLYTEC HOLDING BERHAD) since breaking out from its RM 0.28+ major resistance levels over the past month, had been able to slowly trend up here and was even able to breakout towards its RM 0.36 all time high levels with good volume and buying momentum.

For now looking quite strong here despite being overbought on the daily chart. As long as able to sustain above its RM 0.31+ immediate support, could continue on this new uptrend very soon.

Note that PLYTEC's IPO price was at RM 0.35. May use this as reference when trading it. Will monitoring PLYTEC closely.

$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD) despite the negative market sentiment, was able to breakout strong from its RM 0.54 major resistance levels and rallied all the way towards the RM 0.57 regions with huge volume and buying momentum here.

For now although facing some selling pressure above the RM 0.55+ regions, would still be looking good as long as able to sustain above its RM 0.53+ immediate support levels for this week.

Titan Trading Notes For Thursday [18/7/2024]:

$KLSE-KLCI had a good breakout towards the 1633 points region with an overall positive market sentiment today as the market started to rebound strong from the past weeks of selling activities. Daily trading volume also managed to bounce back towards the 5.2 billion mark, which is a good sign here.

Main stocks that showed strong buying momentum would be the likes of EKOVEST, BJCORP, SNS, MRCB, MYEG, CENSOF, WCT, IWCITY. JPG, NOVAMSC, JCY. GBGAQRS, IJM, AGX, PLYTEC, and FAJAR. All of which were able to sustain their rallies throughout the day on the top volumes list.

$EKOVEST / 8877 (EKOVEST BERHAD) since breaking out from its RM 0.48+ main downtrend resistance last week, had been breaking out strong here with huge volume and buying momentum, even testing the RM 0.56 regions today despite being overbought.

For now looking quite strong here and as long as able to sustain above its RM 0.525 immediate support levels, could continue on towards and beyond the RM 0.60+ regions for an uptrend continuation pattern.

Will be monitoring EKOVEST closely as something big seems to be brewing behind the scenes.

$MRCB / 1651 (MALAYSIAN RESOURCES CORPORATION BERHAD) since breaking out towards the RM 0.74 regions, had been retracing over the past 2 months here with RM 0.60+ as the main support levels on the daily chart over the past month.

However recently, was able to come back up quite strongly and today, even managed to breakout towards the RM 0.69 regions with good volume and buying momentum. So far looking quite ripe for an uptrend continuation pattern here as long as able to sustain above its RM 0.66+ support.

Will be monitoring MRCB closely

$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD) although retraced back towards its RM 0.51+ immediate support levels earlier this week, was able to rebound and breakout quite strong today, breaking out towards the RM 0.54 regions with good volume and buying momentum.

For now looking very ripe for an uptrend continuation pattern here. As long as able to sustain above its RM 0.515+ immediate support, could continue on towards and beyond its RM 0.55+ major resistance levels soon.

Titan Trading Notes For Friday [12/7/2024]:

$KLSE-KLCI had a good breakout towards the 1623 points region today with an overall positive market sentiment. Daily trading volume also surged back towards the 5.3 billion mark, which is pretty good here.

Main stocks that showed strong buying momentum today would be the likes of EKOVEST, WCT, SPSETIA, HIAPTEK, PESTECH, TOPGLOV, SUNWAY, PERDANA, and JPG. All of which were able to sustain their rallies throughout the day on the top volumes list.

$WCT / 9679 (WCT HOLDINGS BERHAD) after testing its RM 0.94+ immediate support levels earlier this week, had been able to bounce strong all the way towards the RM 1.15 regions with good volume and buying momentum.

For now looking strong here and as long as able to sustain above its RM 1+ immediate support, could continue on this uptrend towards and beyond the RM 1.15+ regions soon for an uptrend continuation pattern.

Will be monitoring WCT closely here to see how far it can go.

$SPSETIA / 8664 (S P SETIA BERHAD) since its earlier breakout towards the RM 1.60+ regions, had been retracing over the past 2 months here back towards its RM 1.35+ major support levels.

That said, it was able to climb back up quite strongly towards the RM 1.60+ regions once more today with huge volume and buying momentum. Looking quite ripe for an uptrend continuation pattern here as long as able to hold above its RM 1.44+ immediate support levels on the daily chart.

Will be monitoring SPSETIA closely here as seems to be on a strong uptrend.

$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD) although retraced back towards the RM 0.475+ major support levels over the past month, had been able to rebound and hold well above its RM 0.49+ immediate support levels over the past weeks.

Today, it was able to breakout towards the RM 0.52+ regions with good volume and buying momentum here. So far seems to be slowly trending upwards and if able to sustain, could breakout from its RM 0.54+ major resistance levels soon for an uptrend continuation pattern.

Titan Trading Notes For Thursday [4/7/2024]:

$KLSE-KLCI had a good breakout today back towards the 1615 points region with an overall positive market sentiment. Daily trading volume also managed to settle around the 5.4 billion mark, which is a pretty good sign.

Main stocks that showed strong buying momentum would be the likes of GOHUB, AIMFLEX, WCT, UUE, SNS, EKOVEST, PWRWELL, HIAPTEK, MYEG, JCY, K1, PESTECH, MRCB, FAJAR, TECHBASE, VS, SEALINK, DNEX, SUNWAY, CLOUDPT, and GDB. All of which were able to sustain their rallies throughout the day on the top volumes list.

$WCT / 9679 (WCT HOLDINGS BERHAD) had a huge breakout today from its RM 0.92+ major resistance and rallied all the way towards the RM 1.04 regions with huge volume and buying momentum today despite being overbought.

For now still looking quite strong here and as long as able to hold above its RM 0.92+ immediate support levels, could continue on towards and beyond the RM 1.04+ regions for an uptrend continuation pattern soon.

Will be monitoring WCT closely here to see how far it can go.

$AIMFLEX / 0209 (AIMFLEX BHD) after consolidating over the past year, was finally able to breakout from its RM 0.20+ major resistance levels, breaking out all the way towards the RM 0.21 levels with good volume and buying momentum.

For now looking quite strong here and could be starting a brand new uptrend. As long as able to hold above its RM 0.185+ immediate support levels, could continue on towards and beyond the RM 0.215 - RM 0.235+ regions soon.

Will be monitoring AIMFLEX closely here.

$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD) since breaking out from its RM 0.49+ major resistance levels yesterday, was able to resume its bullish sentiment and rallied all the way towards the RM 0.525 regions with good volume and buying momentum today.

For now looking quite strong here and as long as able to sustain above its RM 0.49+ immediate support levels, could continue on towards and beyond the RM 0.54+ major resistance levels for an uptrend continuation pattern soon.

Will be monitoring FAJAR closely here.

Titan Trading Notes For Wednesday [3/7/2024]:

$KLSE-KLCI had a brief retracement which led it to close red around the 1597 points region with an overall mixed market sentiment as we saw over 450 counters closing red along with it for the day. Daily trading volume settled around the 5.3 billion mark, which is still a decent sign though.

Main stocks that showed strong buying momentum would be the likes of UUE, VELESTO, HIAPTEK, PWRWELL, EKOVEST, CLOUDPT, WCT, SIMEPROP, MCLEAN, CMSB, IFCAMSC, IJM, SUNWAY, EVERGRN, and SALCON. All of which were able to sustain their rallies throughout the day on the top volumes list.

$HIAPTEK / 5072 (HIAP TECK VENTURE BERHAD) had a huge breakout from its RM 0.46 major resistance and rallied all the way towards the RM 0.49 regions with huge volume and buying momentum here after retesting its RM 0.41+ major support levels just last week.

Looking quite strong here and as long as able to hold above its RM 0.46+ immediate support levels on the daily chart, could continue on towards and beyond the RM 0.49 - RM 0.50+ major resistance levels soon in the coming weeks.

Rising demand for steel due to construction of data centers will most likely be the main catalyst for steel stocks like HIAPTEK. Will be monitoring it closely.

$MCLEAN / 0167 (MCLEAN TECHNOLOGIES BERHAD) since breaking out towards the RM 0.475 regions earlier last week, had been retracing back towards its RM 0.365+ major support levels and formed a good support there.

Today, was able to breakout from its RM 0.40+ major resistance levels and rallied all the way towards the RM 0.45 regions with huge volume and buying momentum here, suggesting a potential uptrend continuation pattern soon.

Will be monitoring MCLEAN closely here.

$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD) after retracing and consolidating over the past few weeks around its RM 0.47+ major support levels, seems to have formed its higher low region here already and today, was able to breakout towards the RM 0.50+ regions with good volume and buying momentum.

Although wasn't able to close on its intraday high, its closing price of RM 0.49 was still a pretty good sign here. For now as long as able to sustain above its RM 0.47+ main support levels, could continue on to trend up towards and beyond the RM 0.54+ major resistance levels soon.

Will be monitoring FAJAR closely

Titan Weekend Chart Reviews

$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD)

Had been trending upwards over the past month all the way towards the RM 0.54 regions with good volume and buying momentum.

For now forming a base around its RM 0.47+ immediate support levels on the daily chart. If able to hold, could breakout towards and beyond the RM 0.54+ regions for an uptrend continuation pattern soon.

Support: RM 0.47 area
Resistance: RM 0.485, RM 0.50, RM 0.52, RM 0.54 areas

MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)

$FAJAR / 7047 (FAJARBARU BUILDER GROUP BHD)

KUALA LUMPUR: Fajarbaru Builder Group Bhd today announced that its joint venture with Avionics Pty Ltd (APL) will expand its scope in the redevelopment of  military facilities at Royal Malaysian Air Force (RMAF) base in Penang, with another RM39 mllion job.

© New Straits Times Press (M) Bhd

PETALING JAYA: Fajarbaru Builder Group Bhd has secured an additional contract from the Australian Department of Defence worth RM15.71mil, as part of the redevelopment of the Royal Malaysian Air Force (RMAF) base in Butterworth, Penang.

OTHERSFAJARBARU BUILDER GROUP BHD ("FBG" OR "THE COMPANY")

DEED OF AMENDMENT NO. 2 TO THE HEAD CONTRACT (INTERNATIONAL) TWO PHASE AND MINOR WORKS CONTRACT (INTERNATIONAL) FROM AUSTRALIAN DEPARTMENT OF DEFENCE, COMMONWEALTH OF AUSTRALIA

FAJAR - Notice of Book Closure

Fajarbaru Builder Group Bhd will remain focused on its core segments – construction, property development, logging and timber trading and plantations – to ensure sustainable revenue.

PETALING JAYA: Fajarbaru Builder Group Bhd will remain focused on its core segments, namely construction, property development, logging and timber trading and plantations, to ensure sustainable revenue.

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

Interim Dividend