Daily Forecast For Bursa Malaysia Stocks 16072021

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1. RESINTECH BERHAD (7232)

Industry : Diversified Plastics Building Material

Resintech Berhad, an investment holding company, designs, manufactures, trades, and markets plastic pipes, water tanks, and fittings in Malaysia, Indonesia, Cambodia, Singapore, and internationally. The company offers polyethylene, polypropylene, acrylonitrile-butadiene-styrene pipes, tanks, and fittings; and HDPE corrugated pipes and fittings for sewerage discharge application, drainage and irrigation, underground power cable, and telecommunication cable protector. It also provides HDPE pipes for municipal water pipelines; septic tanks; domestic water tanks for household use; PVC rain gutters for draining excess rain water from house; roadbloc; rainwater harvesting tanks for storing the rain water from the roof top; and fimas fittings for all types of joints for plastics pipes. Further, the company engages in property holding activities. Resintech Berhad was founded in 1978 and is headquartered in Telok Panglima Garang, Malaysia.

  • Trading at 86.2% below estimate of its fair value
  • Earnings grew by 50% over the past year
  • Stable Share PriceRESINTC is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 9% a week.
  • Volatility Over TimeRESINTC’s weekly volatility (9%) has been stable over the past year.
  • Return vs IndustryRESINTC exceeded the MY Machinery industry which returned 37.1% over the past year.
  • Return vs MarketRESINTC exceeded the MY Market which returned 1.2% over the past year.
  • Below Fair ValueRESINTC (MYR0.51) is trading below estimate of fair value (MYR3.69)
  • Significantly Below Fair ValueRESINTC is trading below fair value by more than 20%.
  • PE vs IndustryRESINTC is good value based on its PE Ratio (11.6x) compared to the MY Machinery industry average (18x).
  • PE vs MarketRESINTC is good value based on its PE Ratio (11.6x) compared to the MY market (17.1x).
  • PB vs IndustryRESINTC is good value based on its PB Ratio (0.4x) compared to the MY Machinery industry average (1.3x).
  • Quality EarningsRESINTC has high quality earnings.
  • Growing Profit MarginRESINTC’s current net profit margins (7.6%) are higher than last year (5%).
  • Accelerating GrowthRESINTC’s earnings growth over the past year (50%) exceeds its 5-year average (-7.6% per year).
  • Earnings vs IndustryRESINTC earnings growth over the past year (50%) exceeded the Machinery industry 1.6%.
  • Short Term LiabilitiesRESINTC’s short term assets (MYR80.5M) exceed its short term liabilities (MYR35.4M).
  • Long Term LiabilitiesRESINTC’s short term assets (MYR80.5M) exceed its long term liabilities (MYR23.6M).
  • Debt LevelRESINTC’s debt to equity ratio (13.7%) is considered satisfactory.
  • Reducing DebtRESINTC’s debt to equity ratio has reduced from 16.4% to 13.7% over the past 5 years.
  • Debt CoverageRESINTC’s debt is well covered by operating cash flow (74.1%).
  • Interest CoverageRESINTC’s interest payments on its debt are well covered by EBIT (7.9x coverage).
  • Notable DividendRESINTC’s dividend (2.94%) is higher than the bottom 25% of dividend payers in the MY market (1.5%).
  • Growing DividendRESINTC’s dividend payments have increased over the past 10 years.

Average volume : 769.25k
Shares outstanding : 137.20m
Free float : 26.72m
P/E (TTM) : 11.51
Market cap : 69.29m MYR
EPS (TTM) : 0.0439

2. MULTI-USAGE HOLDINGS BERHAD (9539)

Industry : Real Estate Development

Multi-Usage Holdings Berhad, an investment holding company, primarily engages in the property development activities in Malaysia. The company operates through Property development, Contracting, Manufacturing, Trading, and Others segments. It develops commercial and residential properties; provides contracting works for construction projects; and manufactures and sells cement products, fire resistance bricks, precast concrete hollow and paving blocks, allan blocks, stones, precast reinforced concrete box culverts, ready mix concrete products, and various building materials. The company also provides contracting works and project management services; offers property related management services; and trades in furniture, cement products, bricks, hollow blocks, stones, and various building materials, as well as hardware products and polished tiles. Multi-Usage Holdings Berhad was founded in 1991 and is headquartered in Penang, Malaysia.

  • Trading at 93.4% below estimate of its fair value.
  • Became profitable this year.
  • Stable Share PriceMUH is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 8% a week.
  • Volatility Over TimeMUH’s weekly volatility has decreased from 15% to 8% over the past year.
  • Return vs IndustryMUH exceeded the MY Real Estate industry which returned 13.4% over the past year.
  • Return vs MarketMUH exceeded the MY Market which returned 1.3% over the past year.
  • Below Fair ValueMUH (MYR0.6) is trading below estimate of fair value (MYR8.99).
  • Significantly Below Fair ValueMUH is trading below fair value by more than 20%.
  • Quality EarningsMUH has high quality earnings.
  • Growing Profit MarginMUH became profitable in the past.
  • Short Term LiabilitiesMUH’s short term assets (MYR46.0M) exceed its short term liabilities (MYR4.6M).
  • Long Term LiabilitiesMUH’s short term assets (MYR46.0M) exceed its long term liabilities (MYR151.0K).
  • Debt LevelMUH is debt free.
  • Reducing DebtMUH had no debt 5 years ago.
  • Debt CoverageMUH has no debt, therefore it does not need to be covered by operating cash flow.
  • Interest CoverageMUH has no debt, therefore coverage of interest payments is not a concern.

Average volume : 29.02k
Shares outstanding : 56.42m
Free float : 20.87m
P/E (TTM) : 18.96
Market cap : 33.29m
EPS (TTM) : 0.0311

3. KIA LIM BERHAD (6211)

Industry : Construction Materials

Kia Lim Berhad manufactures and sells clay bricks and related products in Malaysia and Singapore. It offers clay common bricks, facing bricks, M211 bricks, block bricks, brick tiles, chamfered paving bricks, and EconBlocks under the Clayon brand name, as well as roofing tiles. Kia Lim Berhad was founded in 1971 and is based in Batu Pahat, Malaysia.

  • Volatility Over TimeKIALIM’s weekly volatility (13%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryKIALIM exceeded the MY Basic Materials industry which returned -6.2% over the past year.
  • Return vs MarketKIALIM exceeded the MY Market which returned 1.3% over the past year.
  • PB vs IndustryKIALIM is good value based on its PB Ratio (0.6x) compared to the MY Basic Materials industry average (1x).
  • Long Term LiabilitiesKIALIM’s short term assets (MYR18.7M) exceed its long term liabilities (MYR521.0K).
  • Debt LevelKIALIM’s debt to equity ratio (9.3%) is considered satisfactory.
  • Reducing DebtKIALIM’s debt to equity ratio has reduced from 13.9% to 9.3% over the past 5 years.
  • Stable Cash RunwayWhilst unprofitable KIALIM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
  • Forecast Cash RunwayKIALIM is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 39.4% per year.

Average volume : 1.16m
Shares outstanding : 61.94m
Free float : 20.42m
P/E (TTM) : –
Market cap : 32.21m MYR
EPS (TTM) : -0.0706

4. KELINGTON GROUP BERHAD (0151)

Industry :  Industrial Machinery

Kelington Group Berhad, together with its subsidiaries, engages in the engineering, construction, and general trading businesses in Malaysia, Singapore, Taiwan, China, the Philippines, Indonesia, and Vietnam. The company engineers various solutions for safe handling, delivery, and distribution of ultra-high purity gases and chemicals; engineers and constructs mechanical and electrical systems to support industrial processes; and offers skid fabrication services and large scale plant constructions. It also provides general contracting works encompassing civil, and mechanical and engineering services; and engages in the installation, purchase, and production of heavy steel constructions and buildings. In addition, the company supplies a range of industrial and specialty gases for electronics, semiconductor, food processing, and oil and gas industries; manufactures and distributes liquid carbon dioxide; constructs and repairs gas delivery systems; and produces, distributes, imports, and trades in gases. Further, it provides scientific and technical researches, laboratory testing, and experiment services; and fabrication services of gas, and liquid delivery equipment and mechanical parts for semiconductor industry. Additionally, the company is involved in the trade of machinery equipment, and related parts and components; skid tank renting, and industrial gases transportation and logistics arrangement business; and provision of engineering services in clean energy systems, as well as general trading and consultancy services. Kelington Group Berhad was incorporated in 1999 and is headquartered in Shah Alam, Malaysia.

  • Earnings are forecast to grow 14.68% per year.
  • Stable Share PriceKGB is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 6% a week.
  • Volatility Over TimeKGB’s weekly volatility (6%) has been stable over the past year.
  • Return vs IndustryKGB exceeded the MY Construction industry which returned -6.5% over the past year.
  • Return vs MarketKGB exceeded the MY Market which returned 1.3% over the past year.
  • Earnings vs Savings RateKGB’s forecast earnings growth (14.7% per year) is above the savings rate (3.6%).
  • Earnings vs MarketKGB’s earnings (14.7% per year) are forecast to grow faster than the MY market (11% per year).
  • Revenue vs MarketKGB’s revenue (7.5% per year) is forecast to grow faster than the MY market (6.1% per year).
  • Earnings TrendKGB has become profitable over the past 5 years, growing earnings by 30.7% per year.
  • Short Term Liabilities: KGB’s short term assets (MYR272.1M) exceed its short term liabilities (MYR136.8M).
  • Long Term LiabilitiesKGB’s short term assets (MYR272.1M) exceed its long term liabilities (MYR31.7M).
  • Debt LevelKGB’s debt to equity ratio (35.3%) is considered satisfactory.
  • Reducing DebtKGB’s debt to equity ratio has reduced from 69.4% to 35.3% over the past 5 years.
  • Interest CoverageKGB’s interest payments on its debt are well covered by EBIT (9x coverage).

Average volume : 2.91m
Shares outstanding : 645.25m
Free float : 381.80m
P/E (TTM) : 39.12
Market cap : 748.49m MYR
EPS (TTM) : 0.0297

5. D’NONCE TECHNOLOGY BERHAD (7114)

Industry : Provision of Management Service

D’nonce Technology Bhd., an investment holding company, engages in the manufacture, sale, and distribution of advanced packaging materials, electronics products, chemicals, and spare parts and consumables in Malaysia and Thailand. It operates in three segments: Integrated Supply Chain Products and Services, Contract Manufacturing, and Supply of Packaging Materials. The company is also involved in the sale and distribution of security products. In addition, it designs, converts, and prints packaging materials; and processes plastic injected molded products. Further, the company operates as a contract manufacturer of electronic components. The company was founded in 1989 and is headquartered in George Town, Malaysia.

  • Trading at 50.8% below estimate of its fair value.
  • Earnings grew by 2999.3% over the past year.
  • Stable Share PriceDNONCE is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 6% a week.
  • Volatility Over TimeDNONCE’s weekly volatility has decreased from 12% to 6% over the past year.
  • Return vs IndustryDNONCE exceeded the MY Packaging industry which returned 38.3% over the past year.
  • Return vs MarketDNONCE exceeded the MY Market which returned 1.3% over the past year.
  • Below Fair ValueDNONCE (MYR0.5) is trading below estimate of fair value (MYR1.01).
  • Significantly Below Fair ValueDNONCE is trading below fair value by more than 20%.
  • PE vs IndustryDNONCE is good value based on its PE Ratio (10.7x) compared to the MY Packaging industry average (14.2x).
  • PE vs MarketDNONCE is good value based on its PE Ratio (10.7x) compared to the MY market (17.1x).
  • PB vs IndustryDNONCE is good value based on its PB Ratio (1.1x) compared to the MY Packaging industry average (1.2x).
  • Quality EarningsDNONCE has high quality earnings.
  • Growing Profit MarginDNONCE’s current net profit margins (7.4%) are higher than last year (0.3%).
  • Earnings TrendDNONCE has become profitable over the past 5 years, growing earnings by 72.1% per year.
  • Accelerating GrowthDNONCE’s earnings growth over the past year (2999.3%) exceeds its 5-year average (72.1% per year).
  • Earnings vs IndustryDNONCE earnings growth over the past year (2999.3%) exceeded the Packaging industry 43.9%.
  • Short Term LiabilitiesDNONCE’s short term assets (MYR127.1M) exceed its short term liabilities (MYR41.3M).
  • Long Term LiabilitiesDNONCE’s short term assets (MYR127.1M) exceed its long term liabilities (MYR25.9M).
  • Debt LevelDNONCE’s debt to equity ratio (21.1%) is considered satisfactory.
  • Reducing DebtDNONCE’s debt to equity ratio has reduced from 105% to 21.1% over the past 5 years.
  • Debt CoverageDNONCE’s debt is well covered by operating cash flow (44.5%).
  • Interest CoverageDNONCE’s interest payments on its debt are well covered by EBIT (8.7x coverage).

Average volume : 3.72m
Shares outstanding : 313.13m
Free float : 133.57m
P/E (TTM) : 10.46
Market cap : 155.00m MYR
EPS (TTM) : 0.0473

6. THETA EDGE BERHAD (9075)

Industry :  Information Technology Services

Theta Edge Berhad, an investment holding company, provides information technology and telecommunication engineering services in Malaysia. It operates as dealers, software writers, compilers and testers, system developers, trainers, and consultants in computers and services related to information technology industry; and a public mobile data network operator. The company also engages in the sale and maintenance of computers and telecommunication equipment, peripherals, and related equipment and services; trading of hardware and software products; and provision of application development services, and various other computer related activities, as well as customized systems integration services and solutions. In addition, it provides satellite communication services and green technology solutions; and markets computer products, as well as undertakes universal service provision projects. The company was formerly known as Lityan Holdings Berhad and changed its name to Theta Edge Berhad in 2010. Theta Edge Berhad was incorporated in 1984 and is based in Petaling Jaya, Malaysia.

  • Stable Share PriceTHETA is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 8% a week.
  • Volatility Over TimeTHETA’s weekly volatility (8%) has been stable over the past year.
  • Return vs IndustryTHETA exceeded the MY IT industry which returned 25.4% over the past year.
  • Return vs MarketTHETA exceeded the MY Market which returned 1.3% over the past year.
  • PB vs IndustryTHETA is good value based on its PB Ratio (1.4x) compared to the MY IT industry average (2.1x).
  • Short Term LiabilitiesTHETA’s short term assets (MYR64.9M) exceed its short term liabilities (MYR6.1M).
  • Long Term LiabilitiesTHETA’s short term assets (MYR64.9M) exceed its long term liabilities (MYR3.3M).
  • Debt LevelTHETA is debt free.
  • Reducing DebtTHETA has no debt compared to 5 years ago when its debt to equity ratio was 33.5%.
  • Stable Cash RunwayWhilst unprofitable THETA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
  • Forecast Cash RunwayTHETA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 0.4% per year.

Average volume : 237.20k
Shares outstanding : 107.24m
Free float : 64.40m
P/E (TTM) : –
Market cap : 88.48m
EPS (TTM) : -0.0688

7. GLOBALTEC FORMATION BERHAD (5220)

Industry : Metal Fabrication

Globaltec Formation Berhad, an investment holding company, provides integrated manufacturing services (IMS) in Malaysia, Australia, Singapore, the United States, Indonesia, the People’s Republic of China, and internationally. It operates through IMS, Resources, and Energy segments. The company manufactures and fabricates tools, dies, and stamped metal components for electronics and automotive industries. It also manufactures high precision tooling, die-sets, jigs, and fixtures, as well as semiconductor molds and parts, and high precision components; and designs and manufactures turnkey automation systems. In addition, the company manufactures automotive steering columns and related vehicle components; and manufactures and markets automotive components. Further, it engages in the exploration and production of oil and gas, and coal bed methane; cultivation and sale of oil palm fruit bunches; and provision of services to the oil and gas industry. The company was formerly known as Temasek Formation Berhad and changed its name to Globaltec Formation Berhad in April 2012. Globaltec Formation Berhad was incorporated in 2011 and is headquartered in Kuala Lumpur, Malaysia.

  • PE ratio (11x) is below the MY market (17.1x).
  • Became profitable this year.
  • Volatility Over TimeGLOTEC’s weekly volatility (10%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs MarketGLOTEC exceeded the MY Market which returned 1.3% over the past year.
  • PE vs IndustryGLOTEC is good value based on its PE Ratio (11x) compared to the MY Electronic industry average (30.8x).
  • PE vs MarketGLOTEC is good value based on its PE Ratio (11x) compared to the MY market (17.1x).
  • PB vs IndustryGLOTEC is good value based on its PB Ratio (0.6x) compared to the MY Electronic industry average (1.5x).
  • Quality EarningsGLOTEC has high quality earnings.
  • Growing Profit MarginGLOTEC became profitable in the past.
  • Earnings TrendGLOTEC has become profitable over the past 5 years, growing earnings by 36% per year.
  • Short Term LiabilitiesGLOTEC’s short term assets (MYR139.2M) exceed its short term liabilities (MYR77.2M).
  • Long Term LiabilitiesGLOTEC’s short term assets (MYR139.2M) exceed its long term liabilities (MYR13.9M).
  • Debt LevelGLOTEC’s debt to equity ratio (4.8%) is considered satisfactory.
  • Reducing DebtGLOTEC’s debt to equity ratio has reduced from 10% to 4.8% over the past 5 years.
  • Debt CoverageGLOTEC’s debt is well covered by operating cash flow (110.4%).
  • Interest CoverageGLOTEC’s interest payments on its debt are well covered by EBIT (523.3x coverage).

Average volume : 9.65m
Shares outstanding : 269.09m
Free float : 144.00m
P/E (TTM) : 11.02
Market cap : 154.73m MYR
EPS (TTM) : 0.0522

8. YBS INTERNATIONAL BERHAD (0025)

Industry : Industrial Machinery

YBS International Berhad, an investment holding company, designs, manufactures, and assembles high precision molds and metals, plastic components, and sub-components. The company operates through three segments: Precision Engineering, Precision Plastic Injection Moulding, and Precision Machining and Stamping. It designs, manufactures, and sells high precision molds, tools, and dies; jigs and fixtures; connectors; and interconnect solutions. The company is also involved in precision engineering plastic injection molding and sub-assembly activities, as well as manufacturing and assembly of electronic components. In addition, it provides precision machining and stamping components for telecommunication, industrial sensors, switches, electronic equipment, and other industries; and related specialized engineering services. Further, the company engages in research and experimental development activities; trading of engineering parts, including procurement and distribution; and the manufacture and sale of precise mechanical components, labels, metal, and paper stamping components for electricity, electric, information, and other industries, as well as paper honeycomb products. It serves the automotive industrial, office and home appliances, IT and communication, and aerospace and defense markets in Europe, Malaysia, Vietnam, the United States, and internationally. The company was formerly known as LNG Resources Berhad and changed its name to YBS International Berhad in September 2018. YBS International Berhad was incorporated in 2002 and is headquartered in Muar, Malaysia.

  • Trading at 40.1% below estimate of its fair value
  • Earnings grew by 245.7% over the past year
  • Volatility Over TimeYBS’s weekly volatility (13%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryYBS exceeded the MY Machinery industry which returned 32.9% over the past year.
  • Return vs MarketYBS exceeded the MY Market which returned 1.3% over the past year.
  • Below Fair ValueYBS (MYR0.44) is trading below our estimate of fair value (MYR0.73).
  • Significantly Below Fair ValueYBS is trading below fair value by more than 20%.
  • Quality EarningsYBS has high quality earnings.
  • Growing Profit MarginYBS’s current net profit margins (3.3%) are higher than last year (0.9%).
  • Earnings TrendYBS has become profitable over the past 5 years, growing earnings by 49.6% per year.
  • Accelerating GrowthYBS’s earnings growth over the past year (245.7%) exceeds its 5-year average (49.6% per year).
  • Earnings vs IndustryYBS earnings growth over the past year (245.7%) exceeded the Machinery industry 1.6%.
  • Short Term LiabilitiesYBS’s short term assets (MYR35.5M) exceed its short term liabilities (MYR16.7M).
  • Long Term LiabilitiesYBS’s short term assets (MYR35.5M) exceed its long term liabilities (MYR27.0M).
  • Debt CoverageYBS’s debt is well covered by operating cash flow (37.3%).
  • Interest CoverageYBS’s interest payments on its debt are well covered by EBIT (7.2x coverage).

Average volume : 40.91m
Shares outstanding : 246.43m
Free float : 92.13m
P/E (TTM) : 50.00
Market cap : 107.20m MYR
EPS (TTM) : 0.0087

Analyse by Independent Analyst Zack Baharum

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Disclaimer:
Everything shared here can only be used for educational purposes. There is no buy/sell call for any counters mentioned in this portal. We hold NO responsibility and you should always consult your remisier or adviser for investment decisions.

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