Daily Forecast For Bursa Malaysia Stocks 21072021

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1. CABNET HOLDINGS BERHAD (0191)

Industry : Engineering & Construction

52W High : RM 0.41

Cabnet Holdings Berhad provides building management solutions in Malaysia. The company provides structured cabling services, including infrastructure services, such as system design, installation, termination, testing, commissioning, labeling, and certification of structured cabling systems. It also offers design, build, supply, project management, installation, testing and commissioning, as well as training, maintenance, and aftersales services for extra low voltage systems that include closed-circuit television systems, access control systems, high definition satellite master antenna televisions, public address systems, intercommunication systems, and CabNet integrated security solutions. In addition, the company provides IT services, including server virtualization, data center solution, network design and deployment, network management and network security, enterprise messaging, and wireless networking solutions. Cabnet Holdings Berhad was founded in 1995 and is headquartered in Johor Bahru, Malaysia.

  • Volatility Over TimeCABNET’s weekly volatility (11%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs MarketCABNET exceeded the MY Market which returned 1.4% over the past year.
  • Short Term LiabilitiesCABNET’s short term assets (MYR48.7M) exceed its short term liabilities (MYR18.1M).
  • Long Term LiabilitiesCABNET’s short term assets (MYR48.7M) exceed its long term liabilities (MYR5.5M).
  • Debt LevelCABNET’s debt to equity ratio (24.4%) is considered satisfactory.
  • Reducing DebtCABNET’s debt to equity ratio has reduced from 35.6% to 24.4% over the past 5 years.
  • Debt CoverageCABNET’s debt is well covered by operating cash flow (22.1%).

Average volume : 5.00m
Shares outstanding : 178.75m
Free float : 22.73m
P/E (TTM) : —
Market cap : 57.20m
EPS (TTM) : -0.0246

2. CHEETAH HOLDINGS BERHAD (7209)

Industry : Apparel/Footwear

52W High : RM 2.98

Cheetah Holdings Berhad, an investment holding company, designs, develops, markets, and retails various garments and apparels, clothing, footwear, and accessories principally in Malaysia. It offers sports apparel and accessories, as well as casual wear for men, ladies, and children. The company also provides its products through online. It distributes its products under the Cheetah Sports, Cheetah Ladies, Cheetah Junior, C. Union, C2 United, CTH Unlimited, CTH Ladies, Baby Cheetah, and Arissa brands, as well as licensee brands comprising Ladybird and GQ. The company was founded in 1977 and is headquartered in Seri Kembangan, Malaysia.

  • Became profitable this year.
  • Volatility Over TimeCHEETAH’s weekly volatility (12%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryCHEETAH exceeded the MY Luxury industry which returned 27.4% over the past year.
  • Return vs MarketCHEETAH exceeded the MY Market which returned 1.2% over the past year.
  • Quality EarningsCHEETAH has high quality earnings.
  • Growing Profit MarginCHEETAH became profitable in the past.
  • Earnings TrendCHEETAH’s earnings have grown by 13.4% per year over the past 5 years.
  • Short Term LiabilitiesCHEETAH’s short term assets (MYR125.7M) exceed its short term liabilities (MYR10.4M).
  • Long Term LiabilitiesCHEETAH’s short term assets (MYR125.7M) exceed its long term liabilities (MYR246.0K).
  • Debt LevelCHEETAH is debt free.
  • Reducing DebtCHEETAH has no debt compared to 5 years ago when its debt to equity ratio was 3.9%.
  • Debt CoverageCHEETAH has no debt, therefore it does not need to be covered by operating cash flow.
  • Interest CoverageCHEETAH has no debt, therefore coverage of interest payments is not a concern.

Average volume : 2.06m
Shares outstanding : 127.62m
Free float : 73.20m
P/E (TTM) : 33.54
Market cap : 247.58m
EPS (TTM) : 0.0578

3. ENCORP BERHAD (6076)

Industry : Property Development

52W High : RM 0.48

Encorp Berhad, an investment holding company, engages in the property development business in Malaysia. The company operates through six segments: Investment Holding and the Provision of Management Services, Concessionaire, Construction Management, Property Development, Investment Property, and Others. It develops and sells residential and commercial properties. The company is also involved in the property investment; property and construction project management; general trading; trading of building materials; and facilities management, and food and beverage operations. In addition, it operates as a concessionaire to build and transfer teachers’ quarters to the Government of Malaysia. The company was incorporated in 2000 and is based in Petaling Jaya, Malaysia. Encorp Berhad is a subsidiary of Felda Investment Corporation Sdn Bhd.

  • Trading at 78.2% below estimate of its fair value.
  • Became profitable this year.
  • Volatility Over TimeENCORP’s weekly volatility (11%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryENCORP exceeded the MY Real Estate industry which returned 14.9% over the past year.
  • Return vs MarketENCORP exceeded the MY Market which returned 1.4% over the past year.
  • Below Fair ValueENCORP (MYR0.28) is trading below estimate of fair value (MYR1.28).
  • Significantly Below Fair ValueENCORP is trading below fair value by more than 20%.
  • PE vs IndustryENCORP is good value based on its PE Ratio (9.2x) compared to the MY Real Estate industry average (11x).
  • PE vs MarketENCORP is good value based on its PE Ratio (9.2x) compared to the MY market (17.3x).
  • PB vs IndustryENCORP is good value based on its PB Ratio (0.2x) compared to the MY Real Estate industry average (0.4x).
  • Quality EarningsENCORP has high quality earnings.
  • Growing Profit MarginENCORP became profitable in the past.
  • Earnings TrendENCORP has become profitable over the past 5 years, growing earnings by -45.3% per year.
  • Short Term LiabilitiesENCORP’s short term assets (MYR467.8M) exceed its short term liabilities (MYR224.7M).
  • Reducing DebtENCORP’s debt to equity ratio has reduced from 258.2% to 191.1% over the past 5 years.

Average volume : 281.78k
Shares outstanding : 316.68m
Free float : 38.37m
P/E (TTM) : 10.24
Market cap : 83.92m
EPS (TTM) : 0.0259

4. ENRA GROUP BERHAD (8613)

Industry : Property Development

52W High : RM 0.945

ENRA Group Berhad, an investment holding company, develops, sells, and invests in properties in Malaysia, Australia, and the United Kingdom. The company operates through three segments: Property development; Energy Services; and Investment Holdings and Others. It provides engineering and fabrication services; procurement and construction of civil works, steel structure, mechanical, and piping works; electrical and instrumental installation services; leasing and related services; and trades in gas and chemicals, as well as management services. The company also offers upstream and midstream infrastructure technology solutions to the oil and gas industries; project management for engineering; and procurement, construction, and commissioning and decommissioning for multi-discipline in oil and gas industries. In addition, it supplies and installs energy saving lighting products; and supplies liquid odorant and dosing systems, as well as provides servicing for gas delivery and storage systems. The company was formerly known as Perduren (M) Berhad and changed its name to ENRA Group Berhad in May 2015. ENRA Group Berhad was incorporated in 1992 and is based in Kuala Lumpur, Malaysia.

  • Trading at 84.3% below estimate of its fair value.
  • Stable Share PriceENRA is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 8% a week.
  • Volatility Over TimeENRA’s weekly volatility (8%) has been stable over the past year.
  • Return vs IndustryENRA exceeded the MY Real Estate industry which returned 15.3% over the past year.
  • Return vs MarketENRA exceeded the MY Market which returned 1% over the past year.
  • Below Fair ValueENRA (MYR0.88) is trading below estimate of fair value (MYR5.61).
  • Significantly Below Fair ValueENRA is trading below fair value by more than 20%.
  • Short Term LiabilitiesENRA’s short term assets (MYR119.0M) exceed its short term liabilities (MYR89.3M).
  • Long Term LiabilitiesENRA’s short term assets (MYR119.0M) exceed its long term liabilities (MYR32.4M).
  • Stable Cash RunwayWhilst unprofitable ENRA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
  • Forecast Cash RunwayENRA is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 5.2% per year.

Average volume : 1.40m
Shares outstanding : 136.21m
Free float : 35.04m
P/E (TTM) : —
Market cap : 119.86m
EPS (TTM) : -0.0472

5. BINASAT COMMUNICATIONS BERHAD (0195)

Industry : Specialty Telecommunications

52W High : RM 0.515

Binasat Communications Berhad, an investment holding company, provides support services for satellite, mobile, and fibre optic telecommunication networks in Malaysia. The company offers very small aperture terminal (VSAT) engineering/operation and maintenance services, such as high-speed broadband satellite communications for Internet or private network communications, as well as VSAT hub/teleport services; and telecommunication managed services operation and maintenance services, civil mechanical and engineering services, telecommunication equipment installation services, and microwave installation services. It also provides fiber network engineering services; digital satellite services on a closed-circuit basis; and consulting and IT services. The company was incorporated in 2017 and is headquartered in Kuala Lumpur, Malaysia.

  • Earnings grew by 39% over the past year.
  • Stable Share PriceBINACOM is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 5% a week.
  • Volatility Over TimeBINACOM’s weekly volatility (5%) has been stable over the past year.
  • PB vs IndustryBINACOM is good value based on its PB Ratio (1.1x) compared to the MY Telecom industry average (2.9x).
  • Growing Profit MarginBINACOM’s current net profit margins (4.6%) are higher than last year (3.4%).
  • Accelerating GrowthBINACOM’s earnings growth over the past year (39%) exceeds its 5-year average (-24.8% per year).
  • Earnings vs IndustryBINACOM earnings growth over the past year (39%) exceeded the Telecom industry 0.6%.
  • Short Term LiabilitiesBINACOM’s short term assets (MYR65.6M) exceed its short term liabilities (MYR7.0M).
  • Long Term LiabilitiesBINACOM’s short term assets (MYR65.6M) exceed its long term liabilities (MYR19.0M).
  • Debt LevelBINACOM’s debt to equity ratio (7%) is considered satisfactory.
  • Reducing DebtBINACOM’s debt to equity ratio has reduced from 50.6% to 7% over the past 5 years.
  • Debt CoverageBINACOM’s debt is well covered by operating cash flow (62.2%).
  • Interest CoverageBINACOM earns more interest than it pays, so coverage of interest payments is not a concern.

Average volume : 511.06k
Shares outstanding : 286.44m
Free float : 136.08m
P/E (TTM) : 42.13
Market cap : 97.39m
EPS (TTM) : 0.0081

6. OCK GROUP BERHAD (0172)

Industry : Telecommunications Network Services

52W High : RM 0.575

OCK Group Berhad, an investment holding company, provides telecommunications network services primarily in Malaysia, Cambodia, Myanmar, China, Indonesia, Singapore, and Vietnam. It operates through Telecommunication Network Services; Green Energy & Power Solutions; Trading; and M&E Engineering Services segments. The company offers telecommunication network services comprising network planning, design and optimization, network deployment, network operations and maintenance, infrastructure and energy management, and other professional services. It also trades in telecommunication hardware and equipment materials, such as antennas, feeder cables, and connectors; constructs and invests in solar farms; supplies, installs, commissions, and tests power generation equipment for commercial, retail, and factory buildings; and provides mechanical and electrical engineering services to housing development projects, commercial high-rise buildings, factories, infrastructures, airports, medical centers, and hotels, as well as provides project management, and mechanical and electrical supply and installation services. In addition, the company offers tower facilities, utilities, and communication network services for mobile and broadband operators; information technology services; consultant and deployment advisory services; market research and management services; rental business; telecommunication towers leasing services; and real estate and business management consulting services. As of December 31, 2020, it owned and operated 17 solar farms with a combined capacity of 11.3 megawatt. OCK Group Berhad was founded in 2000 and is headquartered in Shah Alam, Malaysia.

  • Trading at 94.8% below estimate of its fair value.
  • Earnings are forecast to grow 7.95% per year.
  • Stable Share PriceOCK is less volatile than 75% of MY stocks over the past 3 months, typically moving +/- 4% a week.
  • Volatility Over TimeOCK’s weekly volatility (4%) has been stable over the past year.
  • Below Fair ValueOCK (MYR0.47) is trading below estimate of fair value (MYR9.08).
  • Significantly Below Fair ValueOCK is trading below fair value by more than 20%.
  • PE vs IndustryOCK is good value based on its PE Ratio (17.4x) compared to the MY Telecom industry average (24.2x).
  • PB vs IndustryOCK is good value based on its PB Ratio (0.9x) compared to the MY Telecom industry average (2.9x).
  • Earnings vs Savings RateOCK’s forecast earnings growth (8% per year) is above the savings rate (3.6%).
  • Revenue vs MarketOCK’s revenue (7.9% per year) is forecast to grow faster than the MY market (6.1% per year).
  • Quality EarningsOCK has high quality earnings.
  • Earnings TrendOCK’s earnings have grown by 1% per year over the past 5 years.
  • Short Term LiabilitiesOCK’s short term assets (MYR407.6M) exceed its short term liabilities (MYR385.5M).
  • Long Term LiabilitiesOCK’s short term assets (MYR407.6M) exceed its long term liabilities (MYR387.4M).
  • Debt CoverageOCK’s debt is well covered by operating cash flow (56.9%).

Average volume : 1.04m
Shares outstanding : 1.05bn
Free float : 570.99m
P/E (TTM) : 18.20
Market cap : 495.59m
EPS (TTM) : 0.0258

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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