Weekly Watchlist & Forecast For Bursa Malaysia Stocks 1907/2307

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1. QES GROUP BERHAD (0196)

Industry : Electronic Equipment/Instruments

52W High: RM 0.975

QES Group Berhad, an investment holding company, engages in the manufacturing, distribution, and provision of engineering services for inspection, test, measuring, analytical, and automated handling equipment. The company operates through Equipment, Materials & Engineering Solutions, and Manufacturing segments. It offers analytical instruments; inspection, test, and measurement equipment; material and engineering solutions; semiconductor production equipment; and semiconductor automated handling, and inspection and measurement equipment. The company also provides scientific instruments marketing and servicing; industrial parts and equipment trading and servicing; and vision software solutions for automated equipment. It serves the semiconductor, electrical and electronics, automotive, metal, academia and research, petrochemical, pharmaceutical, environment, and renewable energy markets. It has operations in Malaysia, Singapore, Vietnam, Thailand, the Philippines, China, Indonesia, Morocco, Taiwan, Germany, and internationally. QES Group Berhad was founded in 1991 and is headquartered in Shah Alam, Malaysia.

  • Earnings grew by 230.2% over the past year.
  • Volatility Over TimeQES’s weekly volatility (11%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs Industry: QES exceeded the MY Electronic industry which returned 57.5% over the past year.
  • Return vs Market: QES exceeded the MY Market which returned 1.4% over the past year.
  • Growing Profit MarginQES’s current net profit margins (7.8%) are higher than last year (2.5%).
  • Accelerating GrowthQES’s earnings growth over the past year (230.2%) exceeds its 5-year average (-10.9% per year).
  • Earnings vs IndustryQES earnings growth over the past year (230.2%) exceeded the Electronic industry 15.7%.
  • Short Term LiabilitiesQES’s short term assets (MYR165.2M) exceed its short term liabilities (MYR63.7M).
  • Long Term LiabilitiesQES’s short term assets (MYR165.2M) exceed its long term liabilities (MYR21.1M).
  • Debt LevelQES’s debt to equity ratio (25.3%) is considered satisfactory.
  • Reducing DebtQES’s debt to equity ratio has reduced from 85% to 25.3% over the past 5 years.
  • Debt CoverageQES’s debt is well covered by operating cash flow (46.4%).
  • Interest CoverageQES earns more interest than it pays, so coverage of interest payments is not a concern.

Average volume : 51.64m
Shares outstanding : 834.14m
Free float : 334.44m
P/E (TTM) : 52.44
Market cap : 709.02m
EPS (TTM) : 0.0162

2. AEMULUS HOLDINGS BERHAD (0181)

Industry : Electronic Equipment/Instruments

52W High: RM 1.04

Aemulus Holdings Berhad, an investment holding company, designs, develops, and assembles semiconductor testers, automated test equipment, and test and measurement instruments. Its products include Amoeba 4200, an analog/linear tester; Amoeba 4100-D, a small-signal discrete tester; Amoeba 1340c, a source and measure unit; Amoeba 4600, a digital/mixed signal test platform; Amoeba 7600-S, a radio frequency (RF) front-end tester; and Amoeba 5600, a mixed signal RF – MCU – Digital – IC test system. The company provides design consultancy and test related services. It serves in Malaysia, Singapore, China, the United States, Korea, Taiwan, and internationally. Aemulus Holdings Berhad was founded in 2004 and is headquartered in Bayan Lepas, Malaysia.

  • Trading at 76.2% below estimate of its fair value.
  • Earnings are forecast to grow 54.87% per year.
  • Became profitable this year.
  • Stable Share PriceAEMULUS is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 7% a week.
  • Volatility Over TimeAEMULUS’s weekly volatility has decreased from 12% to 7% over the past year.
  • Return vs IndustryAEMULUS exceeded the MY Semiconductor industry which returned 139.7% over the past year.
  • Return vs MarketAEMULUS exceeded the MY Market which returned 1.4% over the past year.
  • Below Fair ValueAEMULUS (MYR0.93) is trading below estimate of fair value (MYR3.9).
  • Significantly Below Fair ValueAEMULUS is trading below fair value by more than 20%.
  • Earnings vs Savings RateAEMULUS’s forecast earnings growth (54.9% per year) is above the savings rate (3.6%).
  • Earnings vs MarketAEMULUS’s earnings (54.9% per year) are forecast to grow faster than the MY market (10.8% per year).
  • High Growth Earningsearnings are expected to grow significantly over the next 3 years.
  • Revenue vs MarketAEMULUS’s revenue (22% per year) is forecast to grow faster than the MY market (6.1% per year).
  • High Growth RevenueAEMULUS’s revenue (22% per year) is forecast to grow faster than 20% per year.
  • Growing Profit MarginAEMULUS became profitable in the past.
  • Short Term LiabilitiesAEMULUS’s short term assets (MYR77.5M) exceed its short term liabilities (MYR19.8M).
  • Long Term LiabilitiesAEMULUS’s short term assets (MYR77.5M) exceed its long term liabilities (MYR18.2M).
  • Debt LevelAEMULUS’s debt to equity ratio (24.1%) is considered satisfactory.
  • Reducing DebtAEMULUS had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
  • Interest CoverageAEMULUS’s interest payments on its debt are well covered by EBIT (5x coverage).

Average volume : 13.87m
Shares outstanding : 605.96m
Free float : 312.57m
P/E (TTM) : 111.78
Market cap : 563.55m
EPS (TTM) : 0.0083

3. MCLEAN TECHNOLOGIES BERHAD (0167)

Industry : Hard Disk Drive and Consumer Electronics

52W High: RM 0.715

MClean Technologies Berhad, an investment holding company, provides surface treatment, precision cleaning, and packaging services for hard disk drive (HDD), consumer electronics, and oil and gas industries. The company offers surface treatment and finishing services for electrical and electronic industries; clean bulk and cleanroom packaging, assembly, and logistics services; management services; and supply chain and time to market delivery solutions. It serves manufacturers and assemblers of HDD components primarily in Malaysia, Singapore, the People’s Republic of China, and internationally. Clean Technologies Berhad was incorporated in 2010 and is headquartered in Singapore.

  • Trading at 23.4% below estimate of its fair value.
  • Became profitable this year.
  • Volatility Over TimeMCLEAN’s weekly volatility (12%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryMCLEAN exceeded the MY Commercial Services industry which returned 43.3% over the past year.
  • Return vs MarketMCLEAN exceeded the MY Market which returned 1.4% over the past year.
  • Below Fair ValueMCLEAN (MYR0.47) is trading below estimate of fair value (MYR0.61).
  • Significantly Below Fair ValueMCLEAN is trading below fair value by more than 20%.
  • Quality EarningsMCLEAN has high quality earnings.
  • Growing Profit MarginMCLEAN became profitable in the past.
  • Earnings TrendMCLEAN has become profitable over the past 5 years, growing earnings by -25.6% per year.
  • Short Term LiabilitiesMCLEAN’s short term assets (MYR23.7M) exceed its short term liabilities (MYR14.4M).
  • Long Term LiabilitiesMCLEAN’s short term assets (MYR23.7M) exceed its long term liabilities (MYR3.9M).
  • Debt LevelMCLEAN’s debt to equity ratio (9.3%) is considered satisfactory.
  • Debt CoverageMCLEAN’s debt is well covered by operating cash flow (239.1%).

Average volume : 6.70m
Shares outstanding : 197.21m
Free float : 72.95m
P/E (TTM) : 42.34
Market cap : 92.69m
EPS (TTM) : 0.0111

4. CENSOF HOLDINGS BERHAD (5195)

Industry : Payment Aggregation Software Solution

52W High: RM 0.565

Censof Holdings Berhad, an investment holding company, designs, develops, implements, and markets financial management software and related services in Malaysia, Singapore, and Indonesia. The company operates through five segments: Financial Management Solutions, Payment Aggregation Solutions, Corporate, Wealth Management Solutions, and Training Solution. It provides services for financial applications, electronic payments, and collections solutions; services for portfolio management, fund accounting, unit registry, selling agent, and online transactions; and training services in areas related to information technology. The company is also involved in the magazine publishing and employment placement agency and consultancy activities, as well as in the sale of computerized accounting systems; marketing and reselling of financial and related software and services; and computer programming, consultancy, and related activities. In addition, it offers computer training services; and enterprise resource planning software. Further, the company develops a platform for integrated financial interactions across the blockchain ecosystem comprising of the internet and private key cryptography. It serves government and commercial customers, and small medium enterprises, as well as start-ups. The company was formerly known as Century Software Holdings Berhad. Censof Holdings Berhad was founded in 2008 and is based in Petaling Jaya, Malaysia.

  • Trading at 63.5% below estimate of its fair value.
  • Became profitable this year.
  • Volatility Over TimeCENSOF’s weekly volatility (14%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryCENSOF exceeded the MY Software industry which returned 2.6% over the past year.
  • Return vs MarketCENSOF exceeded the MY Market which returned 1.4% over the past year.
  • Below Fair ValueCENSOF (MYR0.48) is trading below our estimate of fair value (MYR1.32).
  • Significantly Below Fair ValueCENSOF is trading below fair value by more than 20%.
  • PE vs IndustryCENSOF is good value based on its PE Ratio (9x) compared to the MY Software industry average (16.1x).
  • PE vs MarketCENSOF is good value based on its PE Ratio (9x) compared to the MY market (17.2x).
  • Quality EarningsCENSOF has high quality earnings.
  • Growing Profit MarginCENSOF became profitable in the past.
  • Earnings TrendCENSOF has become profitable over the past 5 years, growing earnings by -42.4% per year.
  • High ROECENSOF’s Return on Equity (31.8%) is considered high.
  • Short Term LiabilitiesCENSOF’s short term assets (MYR68.4M) exceed its short term liabilities (MYR20.9M).
  • Long Term LiabilitiesCENSOF’s short term assets (MYR68.4M) exceed its long term liabilities (MYR990.0K).
  • Debt LevelCENSOF’s debt to equity ratio (0.4%) is considered satisfactory.
  • Reducing DebtCENSOF’s debt to equity ratio has reduced from 43.2% to 0.4% over the past 5 years.
  • Debt CoverageCENSOF’s debt is well covered by operating cash flow (7173.3%).
  • Interest CoverageCENSOF’s interest payments on its debt are well covered by EBIT (54x coverage).
  • Notable DividendCENSOF’s dividend (3.13%) is higher than the bottom 25% of dividend payers in the MY market (1.54%).
  • Dividend CoverageWith its low payout ratio (14.1%), CENSOF’s dividend payments are thoroughly covered by earnings.

Average volume : 28.52m
Shares outstanding : 552.28m
Free float : 214.94m
P/E (TTM) : 9.00
Market cap : 265.10m
EPS (TTM) : 0.0533

5. YGL CONVERGENCE BERHAD (0086)

Industry : Information Technology Services

52W High: RM 0.355

Ygl Convergence Berhad, an investment holding company, markets and distributes computer software and hardware, and provides professional services primarily in Malaysia and the Asia Pacific. The company develops and sells software systems; and offers software consultancy and computer systems integrated services, and computer automation solutions and electronic commerce services. It also involved in the research and development of a portal; trading of computer equipment; provision of industry software and related services; and installation of solar panels. Ygl Convergence Berhad was founded in 1993 and is headquartered in George Town, Malaysia.

  • Became profitable this year.
  • Volatility Over TimeYGL’s weekly volatility (16%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryYGL exceeded the MY IT industry which returned 26.6% over the past year.
  • Return vs MarketYGL exceeded the MY Market which returned 1.4% over the past year.
  • Growing Profit MarginYGL became profitable in the past.
  • Earnings TrendYGL has become profitable over the past 5 years, growing earnings by -51.3% per year.
  • Short Term LiabilitiesYGL’s short term assets (MYR6.5M) exceed its short term liabilities (MYR2.6M).
  • Long Term LiabilitiesYGL’s short term assets (MYR6.5M) exceed its long term liabilities (MYR16.9K).
  • Debt LevelYGL is debt free.
  • Reducing DebtYGL has no debt compared to 5 years ago when its debt to equity ratio was 4.7%.
  • Debt CoverageYGL has no debt, therefore it does not need to be covered by operating cash flow.
  • Interest CoverageYGL has no debt, therefore coverage of interest payments is not a concern.

Average volume : 9.06m
Shares outstanding : 255.51m
Free float : 52.39m
P/E (TTM) : 348.68
Market cap : 67.71m MYR
EPS (TTM) : 0.0008

6. PRIVASIA TECHNOLOGY BERHAD

Industry : Information Technology Services

52W High: RM 0.355

Privasia Technology Berhad, an investment holding company, provides information technology (IT), information and communications technology (ICT), and satellite-based network services in Malaysia. The company offers outsourcing solutions, including IT, desktop, application, business process, and procurement outsourcing, as well as support and services; and eProcurement solutions under the Procurehere name. It also provides IT consulting services comprising computing, project management, business analysis, and solution evaluation; and port and logistic solutions, which include integrated port management, container gate security, smart card management, e-terminal plus, haulage depot booking, and real-time monitoring systems, as well as e-secure. In addition, the company offers enterprise ICT and network security, wireless broadband infrastructure, and aviation services; spend management and system integration; and broadband access, voice, and intra net and VPN applications. Further, it provides radio network optimization, benchmarking, EMF simulation, network roll-out services, field optimization, packet switch analysis, parameter audit, and VIP and end-user complaint analysis; mobile and wireless communications consultancy services, and systems development; and satellite-based services, including managed network and high speed internet services, as well as a range of value-added broadband applications and satellite IP virtual private network for the general public, as well as the commercial and retail sectors. Additionally, the company trades in electronic, telecommunication, and information technology equipment, as well as software. It also engages in the provision of railway system, and engineering and related services; supplying, testing, and commissioning of IT equipment; and management services. Privasia Technology Berhad was incorporated in 2008 and is headquartered in Petaling Jaya, Malaysia.

  • Return vs IndustryPRIVA exceeded the MY IT industry which returned 29.1% over the past year.
  • Return vs MarketPRIVA exceeded the MY Market which returned 3% over the past year.
  • Short Term LiabilitiesPRIVA’s short term assets (MYR28.1M) exceed its short term liabilities (MYR17.9M).
  • Long Term LiabilitiesPRIVA’s short term assets (MYR28.1M) exceed its long term liabilities (MYR7.5M).
  • Debt LevelPRIVA’s debt to equity ratio (22.1%) is considered satisfactory.
  • Stable Cash RunwayWhilst unprofitable PRIVA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
  • Forecast Cash RunwayPRIVA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.2% per year.

Average volume : 55.76m
Shares outstanding : 614.02m
Free float : 243.41m
P/E (TTM) : —
Market cap : 144.29m MYR
EPS (TTM) : -0.0089

Analyse by Independent Analyst Zack Baharum

“When dealing with people, remember you are not dealing with creatures of logic, but creatures of emotion”

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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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