STOCK: HARISON (5008)

Stock Reviews : HARISON

a) East Malaysia
- Marketing, sales, warehousing and distribution of fast moving consumer goods, building materials, engineer products and agriculture chemical.
- Operation of shipping and travel agency in both Sabah and Sarawak.
b) Peninsular Malaysia
- Marketing, sales, warehousing and distribution of building materials, industrial and agriculture chemicals
- Import and distribute fine wine
- Freight forwarding and shipping (Cruise Business)

- Shipping agency and Travel agency would be affect by Convid 19.
- HARISON had close down 2 Komonoya outlets in 2020 and plan to close another in 2021.
- 10 years revenue annualise growth rate - 5.26 %
- In 2014 one off settlement to KASTAM Malaysia RM 31,500,000
- HARISON liability had growth over the period of 10 years
- HARISON had over 60 % of their trade receivables past due
- HARISON had current ratio of more than 1 for the past 10 years
- HARISON had low and decresing interest coverage ratio and below 1 cash ratio.
- HARISON had low director remuneration it is just 4 % of total salaries expense and 6.5 % of the operating income.
- HARISON ROE in 2019 is depends on Equity Multiplier

STOCK: HARISON (5008)

HARISON vs DKSH

• DKSH Marketing and Distribution Service and Logistics Services segment can be classified as Trade and Distribution Segment. Hence both company make almost all their profit from Trade and Distribution Segment.

• Both company did not make much on the retail segment. HARISON only make 1% and DKSH is making loss in their retail segment for the year 2019.

• Both companies had one percent higher gross profit margin and operating margin for the year 2019 compared to 2018.

• DKSH nett profit margin did not increase for the year 2019 because of high financial cost for the year 2019.

• DKSH financial cost had increase by 457 % for the year 2019.

• HARISON had better gross profit margin, operating margin and nett profit margin compared to DKSH.

• HARISON has better solvency ratio compared to DKSH

• DKSH total debt to equity ratio had increase from 0.10 in 2018 to 0.85 in 2019

• DKSH had lower cash conversion cycle (36.28 in 2019) compared to HARISON (60.02 in 2019)

• DKSH had intangible to book value had increase from 0.03 % in 2018 to 63.51 % in 2019

• Both HARISON and DKSH had similar inventory to sales ratio

• HARISON is the smaller company in term of market cap compare to DKSH

• HARISON had lower P/E ratio which is 11.03 compare to DKSH which is 12.24

• HARISON had higher dividend payout compared to DKSH

• HARISON had  higher dividend yield of 5.41 % compared to DKSH which is 2.8 %

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STOCK: ALAQAR (5116)

Review on ALAQAR

STOCK: PWF (7134)

Review on PWF from 2010 - 2018

• 5 Years Revenue Growth 6.30 %
• PWF undergoes restrucure from 2010 to 2012
• 5 Years Nett Profit Growth 18.83 %
• After 2012 interest coverage ratio more than 1. in 2018 reach interest coverage ratio 4.
• Low cash ratio 0.1
• Current ratio at 0.9
• Median Day Sales in Inventory - 75
• Median Reveicable Turnover Days - 30
• Median Trade Payable Turnover - 30
• Inconsistent dividend payout
• Consists of ESOS and Warrant

STOCK: IOICORP (1961)

IOICORP is worth to further look into evaluation, scoring 11/15 point in industry comparison for Plantation (Oil Palm)

Competitiveness - 5/5 point for having 10.81 % market share in 2018
Operational -5/5 for having operation margin ratio of 16.70. Industrial median is 10.18
Sustainability - 1/5 for having interest coverage ratio of 6.39 and debt ratio of 0.53. Industrial media for debt ratio is 0.37

STOCK: SIMEPLT (5285)

SIMEPLT is worth to further look into evaluation, scoring 12/15 point in industry comparison for Plantation (Oil Palm)

Competitiveness - 5/5 point for having 29.95 % market share in 2018
Operational -5/5 for having operation margin ratio of 15.63. Industrial median is 10.18
Sustainability - 2/5 for having interest coverage ratio of 10.93 and debt ratio of 0.45. Industrial media for debt ratio is 0.37

STOCK: UMCCA (2593)

Oil Plantation Company Comparision (Top 30)

Part I - Top 10

Part II - 11-20

Part III - 21 - 30

STOCK: SWKPLNT (5135)

Oil Plantation Company Comparision (Top 30)

Part I - Top 10

Part II - 11-20

Part III - 21 - 30

STOCK: RSAWIT (5113)

Oil Plantation Company Comparision (Top 30)

Part I - Top 10

Part II - 11-20

Part III - 21 - 30

STOCK: IJMPLNT (2216)

Oil Palm Companies Part II:

1. KWANTAS
2. IJMPLNT
3. BPLANT
4. TAANN
5. KRETAM
6. JTIASA
7. HSPLANT
8. FAREAST
9. RSAWIT
10. MHC

Part I