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Change Trade Value Open
Day Range Year Range Ref
Performance 1 Year 6 Months 3 Months 1 Month 1 Week
Change
Volume
174
218
308
561
1,781

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Net Profit

DateFinancial
Year
QuarterRevenue
(RM,000)
PBT (RM,000)Net Profit
(RM,000)
EPS (Cent)Div
(Cent)
NTA
(RM)
QoQ
(%)
YoY
(%)
28 May 2431 Mar 24Q4 Mar 245,3413,1374,0852.530.002.430 Malaysia Stock - KLSE Quarter Report History Malaysia Stock - KLSE Quarter Report History
22 Feb 2431 Mar 24Q3 Dec 231,9064,0683,8442.380.002.410 Malaysia Stock - KLSE Quarter Report History Malaysia Stock - KLSE Quarter Report History
23 Nov 2331 Mar 24Q2 Sep 2311,961-3,613-2,175-1.350.002.390 Malaysia Stock - KLSE Quarter Report History Malaysia Stock - KLSE Quarter Report History
23 Aug 2331 Mar 24Q1 Jun 235,26110,7089,3885.810.002.410 Malaysia Stock - KLSE Quarter Report History Malaysia Stock - KLSE Quarter Report History
30 May 2331 Mar 23Q4 Mar 236,182-8,022-5,431-3.360.002.350 Malaysia Stock - KLSE Quarter Report History Malaysia Stock - KLSE Quarter Report History
16 Feb 2331 Mar 23Q3 Dec 228,507-1,627-1,560-0.970.002.390 Malaysia Stock - KLSE Quarter Report History Malaysia Stock - KLSE Quarter Report History
23 Nov 2231 Mar 23Q2 Sep 2224,6693,3353,3692.090.002.400 Malaysia Stock - KLSE Quarter Report History Malaysia Stock - KLSE Quarter Report History
23 Aug 2231 Mar 23Q1 Jun 2217,943-13,705-14,572-9.020.002.380 Malaysia Stock - KLSE Quarter Report History Malaysia Stock - KLSE Quarter Report History
30 May 2231 Mar 22Q4 Mar 2226,396-27,985-24,266-15.030.002.490 Malaysia Stock - KLSE Quarter Report History Malaysia Stock - KLSE Quarter Report History
23 Feb 2231 Mar 22Q3 Dec 2118,93518,01017,75110.990.002.660 Malaysia Stock - KLSE Quarter Report History Malaysia Stock - KLSE Quarter Report History
22 Nov 2131 Mar 22Q2 Sep 2131,030-10,869-11,314-7.010.002.410 Malaysia Stock - KLSE Quarter Report History Malaysia Stock - KLSE Quarter Report History
26 Aug 2131 Mar 22Q1 Jun 2120,9739,0437,6234.720.002.480 Malaysia Stock - KLSE Quarter Report History Malaysia Stock - KLSE Quarter Report History
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Total Shares (Quantity)
Total Shares (%)

Name%SharesPosition
Change
ValueRecord Date
KESTURI SURIA SDN BHD20.1733,125,980-20.37M30 Jun 23
DARUJASA SDN BHD20.1733,125,980-20.37M30 Jun 23
SERIRA SDN BHD11.8519,457,383-11.97M30 Jun 23
UOB KAY HIAN PTE LTD6.5110,691,453496,3006.58M30 Jun 23
TAY HUA SIN5.589,161,933-5.63M30 Jun 23
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Dividend Summary
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Charting

DateFinancial
Year
Ex-DateEntitlement
Date
Payment
Date
Entitlement TypeDividend
(Cent)
Dividend
(%)
Details
07 Jun 2431 Mar 2521 Jun 2424 Jun 2409 Jul 24Interim Dividend2.50000.00 Malaysia Stock -  Dividend
13 Jun 1831 Mar 1927 Jun 1829 Jun 1820 Jul 18Interim Dividend5.00000.00 Malaysia Stock -  Dividend

DateEx-DateEntitlement
Date
Transfer
Date
TypeRatioRight Issue
Price
Details
22 Sep 2023 Nov 2024 Nov 2024 Nov 20Share Dividend1 : 1000.000 Malaysia Stock -  Bonus/Rights Issue
25 Aug 2015 Oct 2016 Oct 2016 Oct 20Share Dividend1 : 1000.000 Malaysia Stock -  Bonus/Rights Issue
25 May 0706 Jun 0708 Jun 0708 Jun 07Others0 : 00.000 Malaysia Stock -  Bonus/Rights Issue

EKSONS (9016) : EKSONS CORPORATION BERHAD
Kopice
Member Star
Posts: 23
Joined: Jul 2012
Male, MYS
11 Nov 2013, 04:00 PMPost #1
yeah1.02 entry, hope swee
bondtiang
Member Star
Posts: 4
Joined: Dec 2012
Male, MYS
16 Dec 2013, 02:30 PMPost #2
it will come.. still consider cheap at this entry price.. lets monitor..
tingtaimeng
Member Star
Posts: 37
Joined: Dec 2013
Male, MYS
28 Feb 2015, 12:45 PMPost #3
PE=3.62 EPS=40.01 PAR VALUE=0.8 NTA=2.96 很可惜派息太少才2.07%一年,但,个股股价现在的确严重低估。多多关注!
i4value
Member StarMember Star
Posts: 528
Joined: Aug 2020
Male, MYS
16 Aug 2020, 09:02 AMPost #4

For those who want a fundamental analysis of Eskons, visit i4value.asia

kwok_39
Member Star
Posts: 442
Joined: May 2017
Male, MYS
13 Apr 2023, 03:55 PMPost #5

Buy call 53-55 cents

Long term.sarawak economy in big boom

Tp over rm 1.

14/4/23

i4value
Member StarMember Star
Posts: 528
Joined: Aug 2020
Male, MYS
15 Jun 2023, 06:11 AMPost #6

Eksons main challenge is its plywood business model. Unlike the other timber-linked plywood companies in Malaysia, Eksons does not have any timber concession. So it has to rely on third party for its supply of logs for its plywood production. This has been its biggest challenge over the past decade. I am not sure it has found a permanent solution. 

Secondly, its property development segment suffured over the past few years due to the soft property market. This sector is turning around but I don't think this will help its Atmosphere project. It will have to rely on other projects and this may take some time for the impact to be shown in its bottomline.

Eksons is a company in transaction. FYI it is one of the case study companies in my book. I have translated part of the book into infographic format that can be seen from https://www.i4value.asia/2022/08/do-you-really-want-to-master-value.html#more

i4value
Member StarMember Star
Posts: 528
Joined: Aug 2020
Male, MYS
02 Oct 2023, 09:24 AMPost #7

Eksons is a Bursa ex-plywood manufacturer cum property developer trading below its Graham Net Net.

The Graham Net Net (current assets minus total liabilities) is often used as a short-hand for liquidation value. The general view is that if you have a company trading very much below its Graham Net Net, you have found an investment opportunity.

Eksons is currently trading at RM 0.52 per share compared to its Graham Net Net of RM 2.02. You may think that this is a bargain.

But Eksons currently does not have any significant operations and is a cash holding company. This makes it a cash-holding value trap.

A value trap is a company that appears cheap but instead of being a bargain turns out to be a dud. Normally if you have a Graham Net Net, it is not a value trap. But this applies only if there are operations.

For a company with lots of cash but without significant operations, you have to assess it differently. This is the case with Eksons

For details on how I assessed this company, go to Eksons is now a value trap (Oct 2023)

i4value
Member StarMember Star
Posts: 528
Joined: Aug 2020
Male, MYS
01 Feb 2024, 10:18 AMPost #8

You have a stock portfolio to provide a balanced and risk-adjusted exposure to the stock market. But for this to be meaningful, the stocks in a portfolio should not be correlated.

 

This then begs the question. Should the correlation be based on price or some business fundamentals?

 

The ideal case is to have uncorrelated stocks based on both market price and business performance correlation. This will achieve diversification that addresses short-term volatility and aligns with long-term investment objectives.

 

In practice I seldom look at price correlation in my stock portfolio as I am a long-term investor. I look at correlation from a business perspective.

 

Take the example of Eksons and Annum. The former was in the plywood and is now attempting to be a bigger property developer. Annum is still in the plywood business although it has ventured into construction and property development. The top chart shows the ROE trends of the 2 companies while the bottom chart shows the share price trend.

Should they be in the same portfolio?

i4value
Member StarMember Star
Posts: 528
Joined: Aug 2020
Male, MYS
02 Mar 2024, 09:52 AMPost #9

You may think that a company with lots of cash can be a good thing. Afterall many would not challenge the mantra that “cash is king”

 

But in the case of Eksons, you may have to think differently. As of the end of 2023, Eksons had about 2/3 of its total assets held in cash and short term securities. The huge cash position is because the company had scaled down its plywood business and its property development business had yet to scale up.

 

So it ended with tons of cash where a significant amount is now invested in securities. Unless they have a Warren Buffett in the company, you should worry about whether this is an effective deployment of cash.

 

My point is that the large cash holding is because of the lack of operations. This large cash holding has been there for many years. I used to think it was a good thing. But if a company is holding onto cash for years, it may not be a good thing. In this case, cash is actually a value trap.

i4value
Member StarMember Star
Posts: 528
Joined: Aug 2020
Male, MYS
01 Apr 2024, 12:40 PMPost #10

Bursa Malaysia Eksons used to have 2 business segments – timber (mfg of veneer and plywood) and property development. But in early 2023, it closed down the timber business. At the same time, there is no new property development projects. The company is merely selling off its stocks of plywood and unsold properties.

 

But the company is cash rich due to the closing down of the timber business. It has RM274 million in cash or cash equivalent (investment securities) as of Dec 2023. But cash can also be a value trap as explained in page 21 of INVEST


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