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Total Cumulative Posts 172
Joined Aug 2015
Country AFGHANISTAN
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STOCK: D&O (7204)

Blog 30 Jul 2021, 7:57:57 AM

Malaysia Mid Cap and Small Cap Mutual Fund Holding

After compiling top holding for 8 number of 4 star rated unit trust in Malaysia:

D&O is ranked no 2 in top holding in Value

D&O ranked no 3 in top  percentage of holding in porfolio

D&O is invested by 3 mutual funds

  1. Hong Leong Value
  2. KAF Vision Fund
  3. Maybank Small Cap Fund
Corporate

STOCK: MPI (3867)

Blog 29 Jul 2021, 4:29:34 PM

Malaysia Small Cap and Mid Cap Mutual Fund Holding

MPI had the highest holding in term of value and percentage holding by seven morningstars 4 stars and above unit trust.

Corporate

STOCK: TGUAN (7034)

Blog 28 Jul 2021, 10:41:46 AM

Industry Comparison Packaging

  • TGUAN make three times more revenue compare to BPPLAS and SLP
  • TGUAN had debt compare to BPPLAS and SLP which do not had debt
  • TGUAN had higher growth in Asset compare to BPPLAS and SLP
  • TGUAN had operation is oversea compare to BPPLAS and SLP which only operated in Malaysia
Corporate

STOCK: BPPLAS (5100)

Blog 27 Jul 2021, 5:35:30 PM

Industry Comparison (Packaging)

  • BPPLAS has 46.73 higher revenue in 2020 compare to peer of similar size SLP
  • BPPLAS had loweest P/E among the companies in comparision (BPPLAS, SLP and TGUAN)
  • BPPLAS had high dividend yeild and reasonable dividend payout ratio
Corporate

STOCK: BPPLAS (5100)

Blog 23 Jul 2021, 9:39:23 AM

Stock Review BPPLAS

  • Convid 19 had increased the world logistic demand hence the demand of PE films and Bag had increased.

  • BPPLAS provides PE films and  bag for food and beverage which is essential business hence its manufacturing plant is able to operate during Movement Control Order with compliance of SOP set by the Government of Malaysia.

  • Since 71.14 % of BPPLAS revenue are from export, the increasing of container cost over the world after convid 19 might affect the profit of BPPLAS.

  • BPPLAS had nett currency exposure of US dollar of - RM 27,538,255, strengthening of USD after March 2021 would decrease the profit of BPPLAS.

  • Investment on the new 9th Cash Stretch Film Machine expected to be completed by the end of 2021.

  • One of the manufacturing plant had close down for 10 day on March 2021 due to Convid 19 cases. This might affect the production and revenue of BPPLAS.

  • BPPLAS had low growth in revenue over the 5 year period however its net profit is growing at 10.66 % which indicated the management had done well in cost management.

  • Despite pandemic BPPLAS manage to control its trade receivable past due at 19.85% in 2020.

  • BPPLAS has no debt and is cash rich. 67.60 % of the 2020 cash balance is in a short term investment fund earning interest of 2.52 %.

  • BPPLAS had increase its trade payable from RM 34,163,325 in 2019 to RM 68,582,231 in 2020 mainly due to increase of their purchase in raw material in 2020. BPPLAS manages to purchase more raw material in 2020 when the raw material price is low. There is less concern on the increase of trade payable because BPPLAS had RM 84,0466,187 in cash and short investment which was able to pay their supplier.

  • BPPLAS is trading at 12% discount from TGUAN P/E and 49 % discount from SLP P/E and has a dividend yield higher than 10 years Malaysia Government Bond over the past 5 years.

  • BPPLAS current price is at upward trend.

Corporate

STOCK: GFM (0039)

Blog 21 Jul 2021, 10:35:13 AM

Stock Review GFM

  • GFM customer mostly are government or government link companies, political unstable might affect the revenue of GFM if their maintenance contract is not extended

  • Has operating lease of RM 312,522,869 until 2035 for UiTM. Stable income  until 2035. Around RM 45,000,000 of 37.90 % of the 2020 revenue is secured until 2035.

  • 10 % partnership for EPCC contract to build Solar System for 6 number UiTm campus. RM2,713 per kWp which is a reasonable price during the signature of contract however with current increasing and unstable cost of photovoltaic cells the price might be a bit tight. RM 3,000,000 to GFM is completely done

  • Acquisition of 49 % in Highbase Strategy Sdn Bhd (HSSB) - O&G downstream company. RM 2,882,359 for 49 % of share. Projected value of HSSB contract until 2024 is RM 261,100,000 (estimated RM 102,351.20 - 0.8 safety factor)

  • GFM had a call option to purchase 2 % of HSSB share at RM0.51 (49 % discount) until 31 July 2024. GFM management can exercise the option and make HSSB subsidiary of GFM when they think HSSB is profitable for the company

  • GFM plans to subscript Rm 15 million to RM 20 million of RCPS with a fixed 6 % per annum.

  • GFM proposal to acquired AMZASS (M) Sdn Bhd which had contract to upgrade existing plus highway north bound and south bound Benbam lay by in state of Malacca into rest area. However it had proposed three time. Latest Stop date is 30 September 2021. RM 500,000 deposit had been paid to AMZASS.

  • ESOS and Warrant are out of money at the point of writing.

  • GFM took out RM 317,530,520 (96 % of 2020 total debt) to support the concessionaire with UiTM which had operating lease of RM 312,522,869 until 2035

  • GFM had positive flow in free cash flow while negative growth in price. The price did not growth with the company's free cash flow.

Corporate

STOCK: ANALABS (7083)

Blog 10 Jul 2021, 11:19:59 AM

Stock Review ANALABS

  • Ascending triangle, continue upward trend if price break RM 1.17
  • Maximum Drawdown 29.44 %
  • Altman Z Score 2.38
  • Cost of Equity using CAPM 3.45 %
  • Growth Rate 3 %
  • Manufacturing Formulation and Sale of Resin, Chemical and Building Material (76.21 % of 2021 revenue)
  • Contract work, Pipe Laying and Rehabilitation (12.96 % of 2021 revenue)
  • Negative growth of revenue -4.74 %
  • Positive growth of nett profit 9.12 %
  • 80.99 % of account receivable for 2020 had pass due
  • negative growth of free cash flow -12.76 %
  • price is lower than book value per share
  • Low dividend yeild lower than 10 year Gorvernment Bond
Corporate

STOCK: ABLEGLOB (7167)

Blog 08 Jul 2021, 11:52:03 AM

JOHOTIN stock review

  • Downward Trend try to break support at RM 1.53
  • Maximum Drawdown is 54 %
  • Growth rate 7 %
  • Cost of Equity 9.37 %
  • Two segments: Tin Can Manufacturing (22 % of 2020 revenue) and Dairy Products (78 % of 2020 revenue)
  • Operation affect by MCO - only 50 % capacity during MCO
  • High current ratio
  • negative CAGR for Free Cash Flow -8.11 %
Corporate

STOCK: WPRTS (5246)

Blog 05 Jul 2021, 1:46:05 PM

Stock Review WPRTS

  • Short Term (Daily) - Downward Trend
  • Long Term (weekly) - Upward trend resistance RM 4.4
  • Volatility - 51 %
  • Operate in Port Klang until 2054
  • Slightly affected by the pandemic
  • Profit margin 33 %
  • 46.91 % of total asset are consession asset (intangible assets)
  • low Debt to equity ratio of 0.48 compared to industrial average of 0.62
  • had sufficient cash and short term investment to repay Sukuk Musharakah Medium Term Note up to 2024 and possible to loan at lower interest rate
  • 5 years CAGR of free casg flow of 9.38 %
  • Dividend lower than Malaysia Government 10 years bond
Corporate

STOCK: MMCCORP (2194)

Blog 29 Jun 2021, 4:08:13 PM

Industrial Comparison of Port Operator in Malaysia

  1. BIPORT
  2. MMCCORP
  3. WPRTS
Corporate

STOCK: WPRTS (5246)

Blog 29 Jun 2021, 2:56:38 PM

Industrial Comparison of Port Operator in Malaysia

  1. BIPORT
  2. MMCCORP
  3. WPRTS

WPRTS is worth for further analysis

Corporate

STOCK: REXIT (0106)

Blog 23 Jun 2021, 3:14:13 PM

Review on REXIT

  • Three Products - : e-Cover, e-PPA, InfoGuadian
  • 5 years CAGR of revenue 6.27 %
  • 5 years CAGR of nett profit 6.77 %
  • Revenue mainly from Malaysia (81.20 %) and Hong Kong (16.43 %)
  • Revenue not recognised immediately. Almost all revenue recognise over time.
  • 3 majors customer contribute 48.91 % of Revenue and 4 majors customer contribute 76 % of trade receivable
  • 50.80 %  of trade receivable past due
  • 2020 invest in other nvestment RM 17,932,000
  • Share repurchase every year, 15,071,500 or 7.96 % of treasury shares
  • Dividend Yeild higher than 10 years Malaysia Government Bond
Corporate

STOCK: PMETAL (8869)

Blog 21 Jun 2021, 1:47:07 PM

Stock Review PMETAL

  • Low revenue and profit margin  in 2019 due to low aluminium price
  • Aluminium price had increase in 2021 Q1 2021 profit margin increase
  • Three operating segment; Smelting and Extrusion, Trading and Refinery
  • Aquisition of raw material production - carbon anode and alumina in 2019 and 2020 (vertical integration)
  • High Debt in 2020
  • High Capital investment in 2019 and 2020
  • Low Dividend Yield
  • High PE
  • Technical shown reversal, currently downward trend support at RM 4.00.
Corporate

STOCK: PCHEM (5183)

Blog 11 Jun 2021, 8:37:00 PM

Stock Review PCHEM

  • Nett Profit drop 43.26 % in 2020 due to low crude oil price
  • Q1 2021 recorded high profit margin for both segment since Q2 2018
  • Low Debt to Equity Ratio
  • High Current Ratio
  • Cash rich 77 % of current asset is cash
  • Cash flow from operation 5 year CAGR negative 2.28 %
  • Free Cash flow 5 year CAGR 23.76 %
  • 5 year CAGR of price 1.26 % which is much lower than 5 year CAGR of free cash flow
  • Low divedend yeild
  • Technical Daily and Weekly chart form ascending triangle
Corporate

STOCK: ASTRO (6399)

Blog 10 Jun 2021, 9:04:19 AM

Stock review ASTRO

  • Technical rebound
  • Decresing Nett Profit and Revenue
  • Television segment (86 % of revenue) had decresing revenue over the past 5 years - 6% per annum
  • High Debt Ratio
  • High Dividend Yeild
Corporate

STOCK: KOTRA (0002)

Blog 04 Jun 2021, 2:22:37 PM

Stock Review KOTRA

  • Downward trend testing support at RM 2.27
  • 5 years CAGR of Nett Profit 30.67 %
  • Manage reduce cost of good sale over the 5 years
  • Profit margin increase from 4.81 % in 2016 to 17.21 % in 2020
  • Debt had reduce significantly from RM 96,930,000 in 2016 to RM 32,300,000 in 2020
  • Cash/Current Asset ratio had increase from 28.48 % in 2019 to 42.71 % in 2020
  • 5 years CAGR of free cash flow 23.86
  • pay dividend since 2017 and increase every year
Corporate

STOCK: DANCO (5276)

Blog 02 Jun 2021, 9:53:49 PM

Review of DANCO

  • Trading and distribution of process control equipment for palm oil, oleochemical and oil & gas industries (72 % of 2020 revenue)
  • Metal stapping, HVAC industry (27.16 of 2020 revenue from August 2020 to December 2020)
  • 5 years CAGR revenue 14.63 %
  • 5 years CAGR Nett profit 4.14 %
  • 5 years CAGR of adjusted price 11.08 %
  • Dividend Policy to distribute 40 % of the profit for year 2021
  • Low P/E among its peer
  • Short term price show downtrend testing support level at RM 0.53
  • Long term price testing support level RM 0.53 and had resistance level of RM 0.67
Corporate

STOCK: UCHITEC (7100)

Blog 23 Mar 2021, 9:09:14 PM

UCHITEC Review

- Original Design Manufacturing of electronic control system (cofee machine, deep freezer and etc.)

- Operating in Malaysia and China

- 5 years CAGR Revenue - 5.13 %

- high current ratio and high in cash (80 % of current asset in cash)

- 5 years CAGR cash flow from operation activities - 8.94 %

- 5 years CAGR of price - 9.94 %

- Dividend yeilds higher than Malaysia 10 years Government Bond

- Testing resistance at RM 3.30

Corporate

STOCK: SCIENTX (4731)

Blog 05 Mar 2021, 10:04:07 PM

SCIENTX Review

- 2 segments, Packaging Segment and Property Development

- 2020 Profit Packaging Segment (45.68 %) and Property Development (54.32 %)

- Packaging segment profit margin negative correlated with crude oil price (-0.70)

- 5 years CAGR of Profit for Packaging (14.25 %) and Property Development (9.70 %)

- 5 years CAGR of Cash Flow from Operation (13.47 %) and Free Cash Flow (44.18%)

- Dividend Payout Ratio 30 %

- Price / Earning 12.02

- Price / BV 2.11

- Daily chart testing support level RM 3.98

- Weekly and Monthly chart testing resistance level RM 4.2

Corporate

STOCK: BURSA (1818)

Blog 01 Mar 2021, 10:44:30 PM

Stock Review on BURSA

- Four Segments: Securities MArket, Derivative Market, Exchange Holding Business and Others

- Revenue is 0.99 correlation with average daily volume on OMT and BMT

- 84 % of revenue from security market segment

- Fix operating cost with low variable cost

- High Dividend larer than Malaysia 10 year bond rate

- Average analyst target price RM 10.20

- Daily and Weekly chart show strong resistance at RM 9.00

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