Weekly Forecast For Bursa Malaysia Stocks 2607/3007

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1. SCOPE INDUSTRIES BERHAD (0028)

Industry :  Electronic Production Equipment

52W High: RM 0.335

Scope Industries Berhad, an investment holding company, manufactures and assembles electrical and electronics components and products in Malaysia, Taiwan, Singapore, and Europe. The company operates through Manufacturing and Plantation segments. It offers printed circuit board assembly products for original equipment manufacturers and multinational companies. The company is also involved in the cultivation of oil palm business. Scope Industries Berhad was founded in 1991 and is based in Parit Buntar, Malaysia.

  • Volatility Over TimeSCOPE’s weekly volatility (10%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs MarketSCOPE exceeded the MY Market which returned 1.9% over the past year.
  • Short Term LiabilitiesSCOPE’s short term assets (MYR29.2M) exceed its short term liabilities (MYR5.7M).
  • Long Term LiabilitiesSCOPE’s short term assets (MYR29.2M) exceed its long term liabilities (MYR16.1M).
  • Debt LevelSCOPE is debt free.
  • Reducing DebtSCOPE currently has no debt however we can’t compare to 5 years ago as we have no data for that period.

Average volume : 15.13m
Shares outstanding : 1.15bn
Free float : 659.02m
P/E (TTM) : —
Market cap : 299.96m
EPS (TTM) : -0.0275

2. KARYON INDUSTRIES BERHAD (0054)

Industry : Manufacturing of Polymeric Products

52W High: RM 0.355

Karyon Industries Berhad, an investment holding company, manufactures and sells polymeric and oleochemical products for use in various industries in Malaysia. It manufactures and trades in polyvinyl chloride compounds, plastic additives, and industrial chemicals. The company also exports its products to other Asian countries. Karyon Industries Berhad was founded in 1989 and is headquartered in Masai, Malaysia.

  • Volatility Over TimeKARYON’s weekly volatility (10%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryKARYON exceeded the MY Chemicals industry which returned 28.1% over the past year.
  • Return vs MarketKARYON exceeded the MY Market which returned 1.9% over the past year.
  • PB vs IndustryKARYON is good value based on its PB Ratio (1.3x) compared to the MY Chemicals industry average (1.4x).
  • Quality EarningsKARYON has high quality earnings.
  • Short Term LiabilitiesKARYON’s short term assets (MYR89.8M) exceed its short term liabilities (MYR17.7M).
  • Long Term LiabilitiesKARYON’s short term assets (MYR89.8M) exceed its long term liabilities (MYR9.4M).
  • Debt LevelKARYON’s debt to equity ratio (8.1%) is considered satisfactory.
  • Reducing DebtKARYON’s debt to equity ratio has reduced from 8.7% to 8.1% over the past 5 years.
  • Interest CoverageKARYON’s interest payments on its debt are well covered by EBIT (22.9x coverage).
  • Notable DividendKARYON’s dividend (5.09%) is higher than the bottom 25% of dividend payers in the MY market (1.49%).
  • High DividendKARYON’s dividend (5.09%) is in the top 25% of dividend payers in the MY market (4.05%).
  • Growing DividendKARYON’s dividend payments have increased over the past 10 years.

Average volume : 6.18m
Shares outstanding : 475.71m
Free float : 201.58m
P/E (TTM) : 27.83
Market cap : 130.82m
EPS (TTM) : 0.0099

3. KEN HOLDINGS BERHAD (7323)

Industry : Engineering & Construction

52W High: RM 0.805

Ken Holdings Berhad, an investment holding company, engages in the construction and property development businesses in Malaysia. The company operates through three segments: Construction, Property Development, and Property Investment. The Construction segment offers specialist engineering, land reclamation, dredging, and marine and civil engineering services; and engages in the turnkey contracts, and building and civil engineering works. The Property Development segment develops residential and commercial properties. The Property Investment segment is involved in the rental of investment properties; and car park management service. The company also provides property management and geo-technical services. Ken Holdings Berhad was incorporated in 1980 and is headquartered in Kuala Lumpur, Malaysia.

  • Trading at 97.7% below estimate of its fair value.
  • Earnings grew by 379.7% over the past year.
  • Stable Share PriceKEN is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 7% a week.
  • Volatility Over TimeKEN’s weekly volatility (7%) has been stable over the past year.
  • Return vs IndustryKEN exceeded the MY Real Estate industry which returned 16.1% over the past year.
  • Return vs MarketKEN exceeded the MY Market which returned 1.9% over the past year.
  • Below Fair ValueKEN (MYR0.68) is trading below estimate of fair value (MYR29.92).
  • Significantly Below Fair ValueKEN is trading below fair value by more than 20%.
  • PE vs IndustryKEN is good value based on its PE Ratio (10.8x) compared to the MY Real Estate industry average (11.2x).
  • PE vs MarketKEN is good value based on its PE Ratio (10.8x) compared to the MY market (17.5x).
  • Quality EarningsKEN has high quality earnings.
  • Growing Profit MarginKEN’s current net profit margins (25.1%) are higher than last year (15.7%).
  • Accelerating GrowthKEN’s earnings growth over the past year (379.7%) exceeds its 5-year average (-29.2% per year).
  • Earnings vs IndustryKEN earnings growth over the past year (379.7%) exceeded the Real Estate industry -11.1%.
  • Short Term LiabilitiesKEN’s short term assets (MYR121.2M) exceed its short term liabilities (MYR37.2M).
  • Long Term LiabilitiesKEN’s short term assets (MYR121.2M) exceed its long term liabilities (MYR15.9M).
  • Debt LevelKEN’s debt to equity ratio (0.6%) is considered satisfactory.
  • Reducing DebtKEN’s debt to equity ratio has reduced from 0.8% to 0.6% over the past 5 years.
  • Debt CoverageKEN’s debt is well covered by operating cash flow (2188.1%).
  • Interest CoverageKEN’s interest payments on its debt are well covered by EBIT (167.8x coverage).

Average volume : 278.13k
Shares outstanding : 191.72m
Free float : 27.09m
P/E (TTM) : 10.84
Market cap : 130.37m
EPS (TTM) : 0.0627

4. BP PLASTICS HOLDING BHD (5100)

Industry : Containers/Packaging

52W High: RM 2.01

BP Plastics Holding Bhd., an investment holding company, manufactures and trades in plastic products in Malaysia, rest of Asia, and internationally. The company offers plain and printed polyethylene (PE) collation shrink films; PE lamination based films; PE shrink hood and sheeting, and printed form-fill-seal films; protective based films; and magazine wraps, as well as general purpose bags and films for various industrial packaging applications. It also provides hand and machine stretch films under the INFINITY, CLARITY, PRIORITY, and R-Edge brand names; plain and colored cast stretch films; jumbo rolls; bundle wrap and extended cores; and thick wraps. The company was founded in 1990 and is headquartered in Batu Pahat, Malaysia.

  • PE ratio (11.1x) is below the MY market (17.5x).
  • Earnings are forecast to grow 9.87% per year.
  • Earnings have grown 10.3% per year over the past 5 years.
  • Stable Share PriceBPPLAS is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 8% a week.
  • Volatility Over TimeBPPLAS’s weekly volatility (8%) has been stable over the past year.
  • Return vs IndustryBPPLAS exceeded the MY Packaging industry which returned 33.3% over the past year.
  • Return vs MarketBPPLAS exceeded the MY Market which returned 1.9% over the past year.
  • PE vs IndustryBPPLAS is good value based on its PE Ratio (11.1x) compared to the MY Packaging industry average (13.9x).
  • PE vs MarketBPPLAS is good value based on its PE Ratio (11.1x) compared to the MY market (17.5x).
  • Earnings vs Savings RateBPPLAS’s forecast earnings growth (9.9% per year) is above the savings rate (3.6%).
  • Revenue vs MarketBPPLAS’s revenue (9.1% per year) is forecast to grow faster than the MY market (6.1% per year).
  • Quality EarningsBPPLAS has high quality earnings.
  • Growing Profit MarginBPPLAS’s current net profit margins (9.8%) are higher than last year (7%).
  • Earnings TrendBPPLAS’s earnings have grown by 10.3% per year over the past 5 years.
  • Accelerating GrowthBPPLAS’s earnings growth over the past year (43.9%) exceeds its 5-year average (10.3% per year).
  • Short Term LiabilitiesBPPLAS’s short term assets (MYR187.2M) exceed its short term liabilities (MYR48.0M).
  • Long Term LiabilitiesBPPLAS’s short term assets (MYR187.2M) exceed its long term liabilities (MYR10.1M).
  • Debt LevelBPPLAS is debt free.
  • Reducing DebtBPPLAS had no debt 5 years ago.
  • Debt CoverageBPPLAS has no debt, therefore it does not need to be covered by operating cash flow.
  • Interest CoverageBPPLAS has no debt, therefore coverage of interest payments is not a concern.
  • Notable DividendBPPLAS’s dividend (4.1%) is higher than the bottom 25% of dividend payers in the MY market (1.49%).
  • High DividendBPPLAS’s dividend (4.1%) is in the top 25% of dividend payers in the MY market (4.05%).
  • Growing DividendBPPLAS’s dividend payments have increased over the past 10 years.
  • Dividend CoverageWith its reasonably low payout ratio (45.3%), BPPLAS’s dividend payments are well covered by earnings.

Average volume : 2.44m
Shares outstanding : 187.69m
Free float : 40.02m
P/E (TTM) : 11.05
Market cap : 365.99m
EPS (TTM) : 0.1765

5. EP MANUFACTURING BERHAD  (7773)

Industry : Auto Parts: OEM

52W High: RM 0.890

EP Manufacturing Bhd, an investment holding company, manufactures, distributes, and sells automotive parts in Malaysia and Saudi Arabia. The company offers body parts, such as cross members, sub frames, and dash and door panels; suspension products, including trailing arms and link controls; modular assemblies, comprising corner and fuel tank modules, and duplex assemblies; engine parts; engine plastic parts, such as fuel rail assemblies, air ducting, bumper assemblies, and rear spoilers; and lamp assemblies, including rear combination and head lamps. It also provides automotive components, including inner body panels, chassis panels and assemblies, and rear axle modules; and engineering plastic based automotive components, such as engine air intake manifolds and accessories parts. The company was formerly known as Lembah Sempurna and changed its name to EP Manufacturing Bhd in July 1996. EP Manufacturing Bhd was founded in 1982 and is based in Shah Alam, Malaysia.

  • Volatility Over TimeEPMB’s weekly volatility (15%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryEPMB exceeded the MY Auto Components industry which returned 95.3% over the past year.
  • Return vs MarketEPMB exceeded the MY Market which returned 1.2% over the past year.
  • PB vs IndustryEPMB is good value based on its PB Ratio (0.4x) compared to the MY Auto Components industry average (0.6x).
  • Long Term LiabilitiesEPMB’s short term assets (MYR140.9M) exceed its long term liabilities (MYR31.6M).
  • Stable Cash RunwayWhilst unprofitable EPMB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
  • Forecast Cash RunwayEPMB is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 25.6% per year.

Average volume : 12.83m
Shares outstanding : 165.96m
Free float : 31.24m
P/E (TTM) : –
Market cap : 100.41m
EPS (TTM) : -0.054

6. TURBO-MECH BERHAD (5167)

Industry : Rotating Equipment and Spare Parts

52W High: RM 1.04

Turbo-Mech Berhad, an investment holding company, sells rotating equipment and spare parts for the oil and gas, petrochemical, and chemical industries primarily in Malaysia, Singapore, Indonesia, the Philippines, Thailand, and internationally. The company offers pumps, compressors, and turbines. It also provides maintenance and overhaul services. Turbo-Mech Berhad was founded in 1989 and is headquartered in Petaling Jaya, Malaysia.

  • Stable Share PriceTURBO is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 6% a week.
  • Volatility Over TimeTURBO’s weekly volatility (6%) has been stable over the past year.
  • Return vs IndustryTURBO exceeded the MY Trade Distributors industry which returned 17.1% over the past year.
  • Return vs MarketTURBO exceeded the MY Market which returned 1.9% over the past year.
  • Quality EarningsTURBO has high quality earnings.
  • Earnings TrendTURBO’s earnings have grown by 5.2% per year over the past 5 years.
  • Short Term LiabilitiesTURBO’s short term assets (MYR71.6M) exceed its short term liabilities (MYR4.8M).
  • Long Term LiabilitiesTURBO’s short term assets (MYR71.6M) exceed its long term liabilities (MYR2.9M).
  • Debt Level: TURBO is debt free.
  • Reducing DebtTURBO has no debt compared to 5 years ago when its debt to equity ratio was 12%.
  • Debt CoverageTURBO has no debt, therefore it does not need to be covered by operating cash flow.
  • Interest CoverageTURBO has no debt, therefore coverage of interest payments is not a concern.
  • Notable DividendTURBO’s dividend (2.35%) is higher than the bottom 25% of dividend payers in the MY market (1.49%).
  • Dividend CoverageWith its reasonable payout ratio (72.3%), TURBO’s dividend payments are covered by earnings.

Average volume : 67.47k
Shares outstanding : 108.00m
Free float : 11.18m
P/E (TTM) : 30.73
Market cap : 91.80m
EPS (TTM) : 0.0277

7. CAB CAKARAN CORPORATION BERHAD (7174)

Industry : Agricultural Commodities/Milling

52W High: RM 0.565

CAB Cakaran Corporation Berhad, an investment holding company, operates as a food producer in Malaysia, Singapore, Bangladesh, Brunei, Myanmar, Hong Kong, and internationally. The company operates through Integrated Poultry, Fast Food Business, and Supermarket segments. It is involved in breeding of grandparent and parent stocks to produce chicks; breeding of broilers, black chickens, and color birds; processing and marketing of chicken; and trading of poultry feeds and other farm consumables. The company also engages in processing, exporting, wholesaling, distributing, trading, and marketing frozen marine and value added products, chicken products, and other food products. In addition, it operates fast food restaurants and supermarkets; operates and franchises restaurants; and retails fast food products. Further, the company is involved in the operation of poultry slaughter house; supply of slaughtered poultry, sauces, and foodstuff; provision of marinating and other services; manufacture and trading of farm equipment; wholesale of livestock; and renting of property, plant, and equipment. It markets its products under the Likes, Garing, Ayam Likes, Hennies, Segaria, Rasaria, and Farm’s Best brands. The company incorporated in 2002 and is based in Perai, Malaysia.

  • Became profitable this year.
  • Stable Share PriceCAB is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 7% a week.
  • Volatility Over TimeCAB’s weekly volatility (7%) has been stable over the past year.
  • Return vs IndustryCAB exceeded the MY Food industry which returned -10.4% over the past year.
  • Return vs MarketCAB exceeded the MY Market which returned 1.9% over the past year.
  • PB vs IndustryCAB is good value based on its PB Ratio (0.7x) compared to the MY Food industry average (1x).
  • Quality EarningsCAB has high quality earnings.
  • Growing Profit MarginCAB became profitable in the past.
  • Long Term LiabilitiesCAB’s short term assets (MYR465.2M) exceed its long term liabilities (MYR304.2M).

Average volume : 1.10m
Shares outstanding : 690.51m
Free float : 173.76m
P/E (TTM) : 26.47
Market cap : 334.90m
EPS (TTM) : 0.0183

8. MMS VENTURES BERHAD (0113)

Industry : High-tech Automation Systems

52W High: RM 1.44

MMS Ventures Berhad, an investment holding company, designs, manufactures, and sells automation solutions for LED, semiconductor, and the OEM/ODM markets. The company operates through two segments, Manufacture of Automated Systems and Machinery, and Development of Software. It is also involved in the software development business. MMS Ventures Berhad has operations in Malaysia and rest of Asia, Europe, North America, and Australia. The company was incorporated in 2004 and is headquartered in Bayan Lepas, Malaysia.

  • Trading at 43.7% below estimate of its fair value.
  • Stable Share PriceMMSV is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 6% a week.
  • Volatility Over TimeMMSV’s weekly volatility (6%) has been stable over the past year.
  • Return vs IndustryMMSV exceeded the MY Machinery industry which returned 36.7% over the past year.
  • Return vs MarketMMSV exceeded the MY Market which returned 1.9% over the past year.
  • Below Fair ValueMMSV (MYR0.97) is trading below estimate of fair value (MYR1.72).
  • Significantly Below Fair ValueMMSV is trading below fair value by more than 20%.
  • Short Term LiabilitiesMMSV’s short term assets (MYR59.0M) exceed its short term liabilities (MYR6.5M).
  • Long Term LiabilitiesMMSV’s short term assets (MYR59.0M) exceed its long term liabilities (MYR885.0K).
  • Debt LevelMMSV is debt free.
  • Reducing DebtMMSV has not had any debt for past 5 years.
  • Debt CoverageMMSV has no debt, therefore it does not need to be covered by operating cash flow.
  • Interest CoverageMMSV has no debt, therefore coverage of interest payments is not a concern.

Average volume : 2.22m
Shares outstanding : 205.48m
Free float : 76.71m
P/E (TTM) : 69.14
Market cap : 199.31m MYR
EPS (TTM) : 0.014

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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