Daily Forecast For Bursa Malaysia Stocks 03082021

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1. 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

2. 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

3. GLOBALTEC FORMATION BERHAD (5220)

Industry : Integrated Manufacturing Services (IMS)

52W High: RM 0.795

Globaltec Formation Berhad, an investment holding company, provides integrated manufacturing services (IMS) in Malaysia, Australia, Singapore, the United States, Indonesia, the People’s Republic of China, and internationally. It operates through IMS, Resources, and Energy segments. The company manufactures and fabricates tools, dies, and stamped metal components for electronics and automotive industries. It also manufactures high precision tooling, die-sets, jigs, and fixtures, as well as semiconductor molds and parts, and high precision components; and designs and manufactures turnkey automation systems. In addition, the company manufactures automotive steering columns and related vehicle components; and manufactures and markets automotive components. Further, it engages in the exploration and production of oil and gas, and coal bed methane; cultivation and sale of oil palm fruit bunches; and provision of services to the oil and gas industry. The company was formerly known as Temasek Formation Berhad and changed its name to Globaltec Formation Berhad in April 2012. Globaltec Formation Berhad was incorporated in 2011 and is headquartered in Kuala Lumpur, Malaysia.

  • PE ratio (14x) is below the MY market (17.2x).
  • Became profitable this year.
  • Volatility Over TimeGLOTEC’s weekly volatility (11%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryGLOTEC exceeded the MY Electronic industry which returned 45.9% over the past year.
  • Return vs MarketGLOTEC exceeded the MY Market which returned -1.5% over the past year.
  • PE vs IndustryGLOTEC is good value based on its PE Ratio (14x) compared to the MY Electronic industry average (31.1x).
  • PE vs MarketGLOTEC is good value based on its PE Ratio (14x) compared to the MY market (17.2x).
  • PB vs IndustryGLOTEC is good value based on its PB Ratio (0.8x) compared to the MY Electronic industry average (1.6x).
  • Quality EarningsGLOTEC has high quality earnings.
  • Growing Profit MarginGLOTEC became profitable in the past.
  • Earnings TrendGLOTEC has become profitable over the past 5 years, growing earnings by 36% per year.
  • Short Term LiabilitiesGLOTEC’s short term assets (MYR139.2M) exceed its short term liabilities (MYR77.2M).
  • Long Term LiabilitiesGLOTEC’s short term assets (MYR139.2M) exceed its long term liabilities (MYR13.9M).
  • Debt LevelGLOTEC’s debt to equity ratio (4.8%) is considered satisfactory.
  • Reducing DebtGLOTEC’s debt to equity ratio has reduced from 10% to 4.8% over the past 5 years.
  • Debt CoverageGLOTEC’s debt is well covered by operating cash flow (110.4%).
  • Interest CoverageGLOTEC’s interest payments on its debt are well covered by EBIT (523.3x coverage).

Average volume : 37.69m
Shares outstanding : 269.09m
Free float : 144.00m
P/E (TTM) : 13.04
Market cap : 182.98m
EPS (TTM) : 0.0522

4. GOLDEN PHAROS BERHAD (5649)

Industry : Building Products

52W High : RM 0.675

Golden Pharos Berhad, an investment holding company, primarily engages in the timber harvesting, sawmilling, and kiln drying activities in Malaysia, the United Kingdom, and internationally. It operates through three segments: Harvesting, Sawmilling, Kiln Drying of Timber and Sales of Logs and Logging Compartments; Manufacturing; and Others. The company is involved in the manufacture and trade of glasses; sawmilling, harvesting, moulding, and producing finger joint and furniture, and kiln drying; forest management harvesting and sustainable business; and manufacture and sale of veneer and woodchips. It also engages in the rental of buildings, and plant and machinery; and sells logs and right to logs. The company was incorporated in 1986 and is based in Kuala Terengganu, Malaysia. Golden Pharos Berhad is a subsidiary of Terengganu Incorporated Sdn. Bhd.

  • Volatility Over TimeGPHAROS’s weekly volatility (21%) has been stable over the past year, but is still higher than 75% of MY stocks.
  • Return vs IndustryGPHAROS exceeded the MY Forestry industry which returned 19% over the past year.
  • Return vs MarketGPHAROS exceeded the MY Market which returned 1% over the past year.
  • Short Term LiabilitiesGPHAROS’s short term assets (MYR35.0M) exceed its short term liabilities (MYR16.5M).
  • Long Term LiabilitiesGPHAROS’s short term assets (MYR35.0M) exceed its long term liabilities (MYR17.2M).
  • Debt LevelGPHAROS’s debt to equity ratio (18.2%) is considered satisfactory.
  • Stable Cash RunwayGPHAROS has sufficient cash runway for more than a year based on its current free cash flow.
  • Forecast Cash RunwayGPHAROS has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 6.7% each year.

Average volume : 2.33m
Shares outstanding : 138.94m
Free float : 30.71m
P/E (TTM) : —
Market cap : 58.36m
EPS (TTM) : -0.0327

5. FRONTKEN CORPORATION BERHAD (0128)

Industry : Semiconductors

52W High : RM 5.95

Frontken Corporation Berhad, an investment holding company, provides surface treatment and mechanical engineering solutions. The company offers precision cleaning services, such as spray cleaning, immersion cleaning, and ultrasonic cavitation and implosion services, as well as precision pico-cleaning services. It also provides thermal spray coating, cold build up coating, plating and conversion coating, specialized welding, precision cleaning, abrasive blasting, machining and grinding, precision manufacturing, mechanical fitting and assembly, dynamic balancing, heat treatment, on-site machining, metal stitching, laser alignment, and plant engineering and construction services. In addition, the company offers surface treatment and precision cleaning for the thin film transistor-liquid crystal display and semiconductor industries; turbo machinery technical engineering services; and operates as general contractors, as well as provides process and individual plant engineering services. It serves oil and gas, petrochemical, power generation, semiconductor, marine, electronics manufacturing, and other sectors primarily in Malaysia, Singapore, the Philippines, Taiwan, and Indonesia. The company was founded in 1996 and is headquartered in Petaling Jaya, Malaysia.

  • Earnings are forecast to grow 18.78% per year.
  • Earnings have grown 34% per year over the past 5 years.
  • Stable Share PriceFRONTKN is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 6% a week.
  • Volatility Over TimeFRONTKN’s weekly volatility (6%) has been stable over the past year.
  • Return vs IndustryFRONTKN exceeded the MY Commercial Services industry which returned 35.7% over the past year.
  • Return vs MarketFRONTKN exceeded the MY Market which returned -1.5% over the past year.
  • Earnings vs Savings RateFRONTKN’s forecast earnings growth (18.8% per year) is above the savings rate (3.6%).
  • Earnings vs MarketFRONTKN’s earnings (18.8% per year) are forecast to grow faster than the MY market (10.9% per year).
  • Revenue vs MarketFRONTKN’s revenue (14.2% per year) is forecast to grow faster than the MY market (6.1% per year).
  • Future ROEFRONTKN’s Return on Equity is forecast to be high in 3 years time (24.5%).
  • Quality EarningsFRONTKN has high quality earnings.
  • Growing Profit MarginFRONTKN’s current net profit margins (22.6%) are higher than last year (21.4%).
  • Earnings TrendFRONTKN’s earnings have grown significantly by 34% per year over the past 5 years.
  • High ROEFRONTKN’s Return on Equity (20%) is considered high.
  • Short Term LiabilitiesFRONTKN’s short term assets (MYR484.3M) exceed its short term liabilities (MYR145.8M).
  • Long Term LiabilitiesFRONTKN’s short term assets (MYR484.3M) exceed its long term liabilities (MYR12.6M).
  • Debt LevelFRONTKN is debt free.
  • Reducing DebtFRONTKN has no debt compared to 5 years ago when its debt to equity ratio was 13.7%.
  • Debt CoverageFRONTKN has no debt, therefore it does not need to be covered by operating cash flow.
  • Interest CoverageFRONTKN has no debt, therefore coverage of interest payments is not a concern.

Average volume : 5.59m
Shares outstanding : 1.58bn
Free float : 915.92m
P/E (TTM) : 55.35
Market cap : 5.14bn
EPS (TTM) : 0.0587

6. GUH HOLDINGS BERHAD (3247)

Industry : Electronics/Appliances

52W High : RM 0.665

GUH Holdings Berhad, an investment holding company, engages in the electronic, property development, and utilities businesses in Malaysia, China, Indonesia, Singapore, and internationally. The company operates through Manufacture of Printed Circuit Boards (PCBs); Property Development; Sale of Electrical Appliances; Cultivation of Oil Palm; and Construction Contracts segments. It manufactures and sells PCBs, such as single-sided, double-sided, multi-layer, and LED PCBs used in the audio-visual equipment, telecommunication, air conditioners, home appliances, automotive infotainment, music instruments, office automation, medical equipment, and digital and information technology related products. The company also engages in the development, investment, and management of properties, including medium to high-end residential and commercial units; and cultivation of oil palm. In addition, it is involved in the designing and building, procurement, construction contracting, and commissioning of water and wastewater treatment plants, road infrastructure, and related ancillary projects. The company was formerly known as Grand United Holdings Berhad and changed its name to GUH Holdings Berhad in June 2005. GUH Holdings Berhad was incorporated in 1961 and is based in Bayan Lepas, Malaysia.

  • Stable Share PriceGUH is not significantly more volatile than the rest of MY stocks over the past 3 months, typically moving +/- 9% a week.
  • Volatility Over TimeGUH’s weekly volatility (9%) has been stable over the past year.
  • Return vs IndustryGUH exceeded the MY Electronic industry which returned 52.7% over the past year.
  • Return vs MarketGUH exceeded the MY Market which returned -0.7% over the past year.
  • PB vs IndustryGUH is good value based on its PB Ratio (0.3x) compared to the MY Electronic industry average (1.5x).
  • Short Term LiabilitiesGUH’s short term assets (MYR242.3M) exceed its short term liabilities (MYR85.7M).
  • Long Term LiabilitiesGUH’s short term assets (MYR242.3M) exceed its long term liabilities (MYR41.3M).
  • Debt LevelGUH’s debt to equity ratio (9.4%) is considered satisfactory.

Average volume : 10.92m
Shares outstanding : 277.90m
Free float : 127.26m
P/E (TTM) : —
Market cap : 143.12m
EPS (TTM) : -0.1367

Analyse by Independent Analyst Zack Baharum
“The starting point of all achievement is desire”

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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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