Daily Forecast For Bursa Malaysia Stocks 30072021

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1. HARN LEN CORPORATION BHD (7501)

Industry : Cultivation of Oil Palms

52W High : RM 0.865

Harn Len Corporation Bhd, together with its subsidiaries, engages in the cultivation of oil palm in Malaysia. It operates through two segments, Plantation; and Property and Others segments. The company is involved in the operation of palm oil mills; provision of plantation development services; palm oil estate and plantation management; and operation of a food and beverage outlet. In addition, it invests in real estate properties; and owns Johor Tower, an office building, six units of shop houses, two units of shop office, three units of factory buildings, and two pieces of vacant land in Johor Bahru City, as well as owns office cum residential building in Kuching, Sarawak. The company was incorporated in 2000 and is headquartered in Johor Bahru, Malaysia.

  • PE ratio (1.5x) is below the MY market (17.5x).
  • Became profitable this year.
  • Stable Share PriceHARNLEN is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 7% a week.
  • Volatility Over TimeHARNLEN’s weekly volatility (7%) has been stable over the past year.
  • Return vs IndustryHARNLEN exceeded the MY Food industry which returned -12% over the past year.
  • Return vs MarketHARNLEN exceeded the MY Market which returned -0.5% over the past year.
  • PE vs IndustryHARNLEN is good value based on its PE Ratio (1.5x) compared to the MY Food industry average (15.6x).
  • PE vs MarketHARNLEN is good value based on its PE Ratio (1.5x) compared to the MY market (17.5x).
  • PB vs IndustryHARNLEN is good value based on its PB Ratio (0.5x) compared to the MY Food industry average (1x).
  • Growing Profit MarginHARNLEN became profitable in the past.
  • Earnings TrendHARNLEN has become profitable over the past 5 years, growing earnings by 28% per year.
  • High ROEHARNLEN’s Return on Equity (33.3%) is considered high.
  • Debt LevelHARNLEN’s debt to equity ratio (22.3%) is considered satisfactory.
  • Reducing DebtHARNLEN’s debt to equity ratio has reduced from 22.7% to 22.3% over the past 5 years.

Average volume : 2.63m
Shares outstanding : 193.68m
Free float : 29.56m
P/E (TTM) : 1.47
Market cap : 153.97m
EPS (TTM) : 0.5418

2.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

3. JAG BERHAD (0024)

Industry : Recycling and Extraction of Precious Metals

52W High : RM 0.540

JAG Berhad, an investment holding company, engages in the extraction, production, and refining of ferrous, non-ferrous, and precious metals through the recovery and reclamation of industrial and electronic waste in Malaysia, China, Japan, and internationally. The company operates through six segments: Manufacturing, Trading, Services, Proprietary Solutions and Software Maintenance, Investment, and Investment Property and Property Development. It is also involved in the twenty-four (24) hour coin-operated laundry and investment trading businesses; development, marketing, maintenance, and support of computer software; buying, selling, renting, and operating self-owned or leased real estate land, property development, and project management; and building construction activities. In addition, the company invests in and develops properties and real estate projects; trades in ferrous and non-ferrous metals; and manages projects. JAG Berhad was incorporated in 1997 and is based in Petaling Jaya, Malaysia.

  • Trading at 87.9% below estimate of its fair value.
  • Became profitable this year.
  • Volatility Over TimeJAG’s weekly volatility (10%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs MarketJAG exceeded the MY Market which returned -0.3% over the past year.
  • Below Fair ValueJAG (MYR0.33) is trading below estimate of fair value (MYR2.74).
  • Significantly Below Fair ValueJAG is trading below fair value by more than 20%.
  • PE vs IndustryJAG is good value based on its PE Ratio (12.1x) compared to the MY Commercial Services industry average (31.5x).
  • PE vs MarketJAG is good value based on its PE Ratio (12.1x) compared to the MY market (17.4x).
  • PB vs IndustryJAG is good value based on its PB Ratio (1x) compared to the MY Commercial Services industry average (1.1x).
  • Quality EarningsJAG has high quality earnings.
  • Growing Profit MarginJAG became profitable in the past.
  • Earnings TrendJAG has become profitable over the past 5 years, growing earnings by 24.9% per year.
  • Short Term LiabilitiesJAG’s short term assets (MYR94.9M) exceed its short term liabilities (MYR18.6M).
  • Long Term LiabilitiesJAG’s short term assets (MYR94.9M) exceed its long term liabilities (MYR27.0M).
  • Debt LevelJAG’s debt to equity ratio (9.5%) is considered satisfactory.
  • Reducing DebtJAG’s debt to equity ratio has reduced from 9.7% to 9.5% over the past 5 years.
  • Debt CoverageJAG’s debt is well covered by operating cash flow (111%).
  • Interest CoverageJAG’s interest payments on its debt are well covered by EBIT (10.5x coverage).

Average volume : 3.70m
Shares outstanding : 544.11m
Free float : 258.39m
P/E (TTM) : 12.39
Market cap : 179.56m
EPS (TTM) : 0.0266

4. TSR CAPITAL BERHAD (5042)

Industry : Engineering & Construction

52W High : RM 0.445

TSR Capital Berhad, an investment holding company, engages in the construction and civil engineering works primarily in Malaysia. It operates in two segments, Construction and Property Development. The Construction segment undertakes foundation engineering, soil improvement, construction, and civil engineering works. The Property Development segment engages in property investment, development, and management activities. It also manufactures, markets, and trades in precast concrete products; and trades in building and construction materials. The company serves the infrastructure, residential, commercial, industrial, defense, health, security, education, and transport sectors. TSR Capital Berhad was founded in 1991 and is headquartered in Petaling Jaya, Malaysia.

  • PE ratio (4.7x) is below the MY market (17.5x).
  • Became profitable this year.
  • Stable Share PriceTSRCAP is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 5% a week.
  • Volatility Over TimeTSRCAP’s weekly volatility (5%) has been stable over the past year.
  • Return vs IndustryTSRCAP exceeded the MY Construction industry which returned -6.3% over the past year.
  • Return vs MarketTSRCAP exceeded the MY Market which returned -0.7% over the past year.
  • PE vs IndustryTSRCAP is good value based on its PE Ratio (4.7x) compared to the MY Construction industry average (17.1x).
  • PE vs MarketTSRCAP is good value based on its PE Ratio (4.7x) compared to the MY market (17.5x).
  • PB vs IndustryTSRCAP is good value based on its PB Ratio (0.3x) compared to the MY Construction industry average (0.8x).
  • Growing Profit MarginTSRCAP became profitable in the past.
  • Short Term LiabilitiesTSRCAP’s short term assets (MYR132.9M) exceed its short term liabilities (MYR91.8M).
  • Long Term LiabilitiesTSRCAP’s short term assets (MYR132.9M) exceed its long term liabilities (MYR11.5M).
  • Debt LevelTSRCAP’s debt to equity ratio (20.9%) is considered satisfactory.
  • Reducing DebtTSRCAP’s debt to equity ratio has reduced from 43.2% to 20.9% over the past 5 years.

Average volume 5.22m
Shares outstanding 174.45m
Free float 34.61m
P/E (TTM) 4.55
Market cap 54.95m
EPS (TTM) 0.0693

5. JERASIA CAPITAL BERHAD (8931)

Industry : Apparel/Footwear

52W High : RM 0.970

Jerasia Capital Berhad, an investment holding company, manufacture, wholesale, and retail of fashion apparels and accessories in Malaysia, the United States, Europe, and Singapore. It operates through Garment Manufacturing and Retail segments. The company offers various ladies apparel, such as dresses, ensembles or co-ordinates, jackets, pants, skirts, and sleepwear. It operates its stores under the Mango Man, Mango Kids, Mango Accessories, Violeta by Mango, Terranova, Calliope, and Trio Kids brands. The company operates 46 retail shops, as well as offers its products online. It also exports its products. Jerasia Capital Berhad is based in Kuala Lumpur, Malaysia.

  • Volatility Over TimeJERASIA’s weekly volatility has decreased from 21% to 13% over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryJERASIA exceeded the MY Luxury industry which returned 14.9% over the past year.
  • Return vs MarketJERASIA exceeded the MY Market which returned -0.5% over the past year.
  • PB vs IndustryJERASIA is good value based on its PB Ratio (0.7x) compared to the MY Luxury industry average (1x).
  • Long Term LiabilitiesJERASIA’s short term assets (MYR242.6M) exceed its long term liabilities (MYR10.2M).

Average volume : 5.21m
Shares outstanding : 82.05m
Free float : 23.59m
P/E (TTM) : —
Market cap : 33.64m
EPS (TTM) : -1.40

6. EURO HOLDINGS BERHAD (7208)

Industry : Furniture

52W High : RM 5.76

Euro Holdings Berhad, an investment holding company, manufactures, markets, and trades in office furniture in Malaysia and internationally. It offers office furniture, partitions, chairs, and panels, as well as steel furniture. The company also trades in office furniture, furnishing fabric materials, and other furniture components, as well as storages. In addition, it develops properties. The company was founded in 1976 and is headquartered in Rawang, Malaysia. Euro Holdings Berhad is a subsidiary of S.P.A Furniture (M) Sdn.Bhd.

  • Trading at 67.5% below estimate of its fair value.
  • Became profitable this year.
  • Return vs IndustryEURO exceeded the MY Commercial Services industry which returned 36.1% over the past year.
  • Return vs MarketEURO exceeded the MY Market which returned -0.5% over the past year.
  • Below Fair ValueEURO (MYR0.87) is trading below estimate of fair value (MYR2.68).
  • Significantly Below Fair ValueEURO is trading below fair value by more than 20%.
  • Growing Profit MarginEURO became profitable in the past.
  • Earnings TrendEURO has become profitable over the past 5 years, growing earnings by -43% per year.
  • Short Term LiabilitiesEURO’s short term assets (MYR89.5M) exceed its short term liabilities (MYR52.1M).
  • Long Term LiabilitiesEURO’s short term assets (MYR89.5M) exceed its long term liabilities (MYR8.8M).
  • Debt CoverageEURO’s debt is well covered by operating cash flow (77.2%).

Average volume : 24.71m
Shares outstanding : 801.90m
Free float : 85.76m
P/E (TTM) : 114.58
Market cap : 573.36m
EPS (TTM) : 0.0062

Analyse by Independent Analyst Zack Baharum
“The greatest lesson in life is to know that even fools are right sometimes”

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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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