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JBB建筑国际有限公司(1903.HK)新股速递

JBB Construction International Limited (1903.HK) New Stock Express

致富證券 ·  Apr 25, 2019 00:00  · Researches

An overview of integration

Jiyi is a long-established engineering contractor in Laixi. The services of the collection can be divided into (I) offshore construction services and (ii) building and infrastructure services.

Offshore construction service is the core service of the collection, which can be classified into (a) reclamation and related works, including reclamation and other marine civil engineering.

Reclamation may involve soil survey, pre-reclamation design, foundation treatment and sand and gravel removal works. Offshore civil engineering includes the construction of dredges, cross-sea works and river diversion; and (b) maritime transport, which involves the transport of sea sand (the landfill material commonly used in reclamation), including sand dredged from sand approved by the sea to the dredger, the delivery and delivery of sea sand to designated sites, and the discharge of sea sand for reclamation. In addition, in terms of building and infrastructure services, the collection services include the construction industry and general construction projects of infrastructure projects.

The main business of the fair is located in Johor, the second most populous state in West Asia. According to the Ipsos report, Jiji is one of the major participants in the offshore construction industry in Johor, West Asia, and its reclaimed land is estimated to account for 41.5% of the total reclaimed land area in Johor from 2013 to 2017.

Negative factor

In the past three years, the total revenue of the five major customers of the cluster has all exceeded 96%. If the collection fails to maintain its relationship with customers or obtain new services, it may reflect the performance and performance of the collection. In addition, as the revenue of the collection is not routine and the profit rate of the collection-related contract depends on the reporting, investment scale and other factors of the collection, the collector may not be able to maintain a new contract and continue to maintain a profit level similar to that of the previous contract after the completion of the existing contract.

The translation is provided by third-party software.


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