Daily Forecast For Bursa Malaysia Stocks 23072021

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1. CHUAN HUAT RESOURCES BHD (7016)

Industry : Iron and Steel

52W High : RM 0.725

Chuan Huat Resources Berhad, an investment holding company, engages in hardware and building materials, technology related products, and property businesses in Malaysia. The company operates through four segments: Hardware and Building Materials, Technology Related Products, Property, and Corporate. It is involved in the supply of steel and iron products; processing and trading of steel wire products; cutting and bending of steel bars; manufacture and sale of steel wire products for the construction industries; provision of welded wire mesh and hard drawn steel wire products; and trading and retailing of ironmongery products and architectural hardware. The company also distributes printing consumables; retails and supplies computers hardware, software accessories and related services; and trades in multimedia storage products. In addition, it manufactures and markets fire doors, parts, components, and accessories. Further, the company engages in the trading, retail, import, export, and supply of various kinds of building and construction materials; investing in properties; trading and leasing of residential and commercial properties; and treasury functions and investments in marketable securities. The company was founded in 1957 and is based in Kuala Lumpur, Malaysia.

  • Trading at 56.2% below estimate of its fair value.
  • Became profitable this year.
  • Volatility Over TimeCHUAN’s weekly volatility (10%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryCHUAN exceeded the MY Trade Distributors industry which returned 14.1% over the past year.
  • Return vs MarketCHUAN exceeded the MY Market which returned 0.7% over the past year.
  • Below Fair Value: CHUAN (MYR0.51) is trading below estimate of fair value (MYR1.16).
  • Significantly Below Fair ValueCHUAN is trading below fair value by more than 20%.
  • PB vs IndustryCHUAN is good value based on its PB Ratio (0.3x) compared to the MY Trade Distributors industry average (0.8x).
  • Growing Profit MarginCHUAN became profitable in the past.
  • Earnings TrendCHUAN has become profitable over the past 5 years, growing earnings by -41% per year.
  • Short Term LiabilitiesCHUAN’s short term assets (MYR290.6M) exceed its short term liabilities (MYR220.0M).
  • Long Term LiabilitiesCHUAN’s short term assets (MYR290.6M) exceed its long term liabilities (MYR41.6M).

Average volume : 138.14k
Shares outstanding : 168.67m
Free float : 38.08m
P/E (TTM) : 54.72
Market cap : 86.02m MYR
EPS (TTM) : 0.0093

2. OPCOM HOLDINGS BERHAD (0035)

Industry : Telecommunications Equipment

52W High : RM 0.83

Opcom Holdings Berhad, an investment holding company, manufactures and sells fiber optic cables, systems, accessories, and thixotropic gel primarily in Malaysia. The company operates through three segments: Manufacturing, Trading and Engineering Services, and Other Operations. It offers slotted core fiber optic cables, including UG, aerial, DB, and anti-rodent cables; loose tube cables, such as UG, aerial, DB, anti-rodent, and ADSS; and drop cables consisting UG, aerial, and indoor cables. The company also provides high-density polyethylene tubes and pipes, including corrugated sub ducts and smooth wall ducts; manufactures thixotropic compounds; and provides cable accessories, such as fiber optic splice closure, box panel distribution, and fiber wall sockets, as well as offers telecommunication network and management services. In addition, it engages in the manufacturing and trading of cable filling and flooding compounds. Further, the company is involved in the trading of industrial products; provision of engineering and human resource management services; and renting of buildings. Opcom Holdings Berhad was incorporated in 1994 and is based in Shah Alam, Malaysia.
  • Trading at 11% below estimate of its fair value.
  • Became profitable this year.
  • Stable Share PriceOPCOM is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 7% a week.
  • Volatility Over TimeOPCOM’s weekly volatility (7%) has been stable over the past year.
  • Return vs IndustryOPCOM exceeded the MY Communications industry which returned -6.8% over the past year.
  • Return vs MarketOPCOM exceeded the MY Market which returned 0.7% over the past year.
  • Below Fair ValueOPCOM (MYR0.57) is trading below estimate of fair value (MYR0.63).
  • PB vs IndustryOPCOM is good value based on its PB Ratio (1.1x) compared to the XA Communications industry average (2x).
  • Quality EarningsOPCOM has high quality earnings.
  • Growing Profit MarginOPCOM became profitable in the past.
  • Short Term LiabilitiesOPCOM’s short term assets (MYR62.2M) exceed its short term liabilities (MYR26.4M).
  • Long Term LiabilitiesOPCOM’s short term assets (MYR62.2M) exceed its long term liabilities (MYR318.0K).
  • Debt LevelOPCOM’s debt to equity ratio (1.3%) is considered satisfactory.
  • Reducing DebtOPCOM’s debt to equity ratio has reduced from 3.5% to 1.3% over the past 5 years.
  • Debt CoverageOPCOM’s debt is well covered by operating cash flow (452.7%).
  • Interest CoverageOPCOM earns more interest than it pays, so coverage of interest payments is not a concern.

Average volume : 11.79m
Shares outstanding : 177.37m
Free float : 142.80m
P/E (TTM) : 35.20
Market cap : 100.22m
EPS (TTM) : 0.016

3. HENG HUAT RESOURCES GROUP BERHAD (0175)

Industry : Biomass Material

52W High : RM 1.05

Heng Huat Resources Group Berhad, an investment holding company, manufactures and trades in biomass materials and other products focusing on oil palm empty fruit bunch fiber and coconut fiber in Malaysia, China, and internationally. The company offers coconut fiber, coco peat, palm fiber, palm briquette, palm fiber mats, and coconut fiber sheets. It also designs, produces, markets, and distributes mattresses and bedding accessories, including coconut fiber, pocket spring, bonnel spring, and rebond mattresses under the Fibre Star brand. In addition, the company offers cushions, pillows, sheets, and bolsters under the Xiong Mao brand. Further, it is involved in the electricity generation and steam production. Heng Huat Resources Group Berhad was incorporated in 2011 and is based in Sungai Bakap, Malaysia.
  • Volatility Over TimeHHGROUP’s weekly volatility (18%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryHHGROUP exceeded the MY Oil and Gas industry which returned -10.3% over the past year.
  • Return vs MarketHHGROUP exceeded the MY Market which returned 0.7% over the past year.
  • Short Term LiabilitiesHHGROUP’s short term assets (MYR31.3M) exceed its short term liabilities (MYR28.1M).
  • Long Term LiabilitiesHHGROUP’s short term assets (MYR31.3M) exceed its long term liabilities (MYR13.4M).

Average volume : 426.00k
Shares outstanding : 138.79m
Free float : 28.97m
P/E (TTM) : —
Market cap : 120.74m
EPS (TTM) : -0.3121

4. MSM MALAYSIA HOLDINGS BERHAD (5202)

Industry : Sugar Products

52W High : RM 2.09

MSM Malaysia Holdings Berhad produces, refines, markets, and sells refined sugar products in Malaysia. It provides white refined sugar and brown sugar products under the Gula Prai brand; and sugar premix, liquid sugar, molasses, fine syrup, and sucralose and stevia mix. The company is also involved in the palm oil, rubber, and mango plantation activities; commodity trading and related business; raw and refined sugar trading; and provision of transportation services. MSM Malaysia Holdings Berhad sells its products through traders, wholesalers, and distributors to companies in the beverage and confectionery industries, hotels, restaurants, food outlets, distilleries, and household consumers, as well as producers of ethanol, animal feed, and yeast. In addition, it exports its products primarily to Vietnam, China, South Korea, Singapore, and New Zealand. The company was founded in 1959 and is headquartered in Kuala Lumpur, Malaysia. MSM Malaysia Holdings Berhad is a subsidiary of FGV Holdings Berhad.

  • Trading at 78.7% below estimate of its fair value.
  • Earnings are forecast to grow 17.68% per year.
  • Became profitable this year.
  • Stable Share PriceMSM is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 7% a week.
  • Volatility Over TimeMSM’s weekly volatility has decreased from 12% to 7% over the past year.
  • Return vs IndustryMSM exceeded the MY Food industry which returned -10.8% over the past year.
  • Return vs MarketMSM exceeded the MY Market which returned 0.7% over the past year.
  • Below Fair ValueMSM (MYR1.33) is trading below estimate of fair value (MYR6.24).
  • Significantly Below Fair ValueMSM is trading below fair value by more than 20%.
  • PE vs IndustryMSM is good value based on its PE Ratio (13.7x) compared to the MY Food industry average (16.1x).
  • PE vs MarketMSM is good value based on its PE Ratio (13.7x) compared to the MY market (17.2x).
  • PEG RatioMSM is good value based on its PEG Ratio (0.8x).
  • PB vs IndustryMSM is good value based on its PB Ratio (0.6x) compared to the MY Food industry average (1x).
  • Earnings vs Savings RateMSM’s forecast earnings growth (17.7% per year) is above the savings rate (3.6%).
  • Earnings vs MarketMSM’s earnings (17.7% per year) are forecast to grow faster than the MY market (10.7% per year).
  • Growing Profit MarginMSM became profitable in the past.
  • Short Term LiabilitiesMSM’s short term assets (MYR935.0M) exceed its short term liabilities (MYR705.6M).
  • Long Term LiabilitiesMSM’s short term assets (MYR935.0M) exceed its long term liabilities (MYR571.6M).
  • Debt CoverageMSM’s debt is well covered by operating cash flow (22.1%).
  • Interest CoverageMSM’s interest payments on its debt are well covered by EBIT (3x coverage).

Average volume : 4.51m
Shares outstanding : 702.98m
Free float : 140.56m
P/E (TTM) : 13.70
Market cap : 934.96m
EPS (TTM)  : 0.0971

5. YBS INTERNATIONAL BERHAD (0025)

Industry : Industrial Machinery

52W High : RM 0.555

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 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

6. UCREST BERHAD (0005)

Industry : Information Technology Products and Services

52W High : RM 0.665

UCrest Berhad, an investment holding company, designs, develops, and markets information technology related products and services. The company offers i-Medic cloud hospital that is used by doctors and patients for the diagnosis, management, and treatment of chronic diseases, such as cardiovascular diseases, cancer, diabetes, hypertension, sleep apnea, stroke rehabilitation, and other diseases in the United States, China, Singapore, Malaysia, Taiwan, Indonesia, Russia, and the Middle East countries. It also provides pathway genomics testing services covering various condition, such as cardiac health, cancer risk, inherited diseases, and nutrition and exercise responses, as well as drug response for specific medications, including those used in pain management and mental health. The company was formerly known as Palette Multimedia Berhad and changed its name to UCrest Berhad in November 2017. UCrest Berhad was founded in 1997 and is based in Petaling Jaya, Malaysia.

  • Volatility Over TimeUCREST’s weekly volatility (14%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryUCREST exceeded the MY Communications industry which returned -6.8% over the past year.
  • Return vs MarketUCREST exceeded the MY Market which returned 0.7% over the past year.
  • Short Term LiabilitiesUCREST’s short term assets (MYR30.3M) exceed its short term liabilities (MYR9.8M).
  • Long Term LiabilitiesUCREST’s short term assets (MYR30.3M) exceed its long term liabilities (MYR217.0K).
  • Debt LevelUCREST is debt free.
  • Reducing DebtUCREST has no debt compared to 5 years ago when its debt to equity ratio was 1.8%.
  • Stable Cash RunwayUCREST has sufficient cash runway for more than a year based on its current free cash flow.
  • Forecast Cash RunwayUCREST has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of 25.4% each year.Average volume 25.63m
Shares outstanding : 621.88m
Free float : 451.91m
P/E (TTM) : —
Market cap : 202.11m
EPS (TTM) : -0.025

 

Analyse by Independent Analyst Zack Baharum

“Man’s action are the picture book of his creeds”

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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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