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Home >> Country >> Malaysia >> Company
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Latest Reports
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| Date |
Description |
Country |
Analyst |
Download |
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| 20-Dec-2022 |
“We like KGB for its strong orderbook replenishment with latest new contracts secured reached a new high of RM1.36b. We recommended KGB in Jul 20 and it has done very well. Now, we still have a BUY call on the stock as it is trading at 18.1x PE based on EPS 8.1sen FY23F, which is more compelling than most technology stocks that are trading between 21x-30x PE.” |
Malaysia |
Malaysia Research Team |
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| 21-Dec-2020 |
YTD ChinWell share price has corrected 22.5%. Its share price is recovering gradually due to improving demand and ASP for its products, thanks to increasing demand from its North America customers due to US-China trade war as well as countries opening up for shipment again. Valuation wise it is now trading at 9.4X PE FY6/21F which is compelling compared with its peer of 12x PE. Hence, we have a BUY call on the stock. |
Malaysia |
Malaysia Research Team |
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| 22-Jul-2020 |
YTD KGB’s share price has corrected 15% on anticipation of weak 1H2020 results that have been impacted by lockdowns in China, Malaysia and Singapore. Consequently, the delays in works delivery have affected revenue recognition from these countries. Nonetheless, KGB is poised for continuous growth to be driven by 5G, IoT and Industrial 4.0. Its huge presence in China will enable it to capitalise “Made in China” masterplan and US-China trade war. We have a BUY call on the stock and valuation wise it is now trading at 18.9x PE, which is more compelling than most technology stocks that are trading between 20x-40x PE |
Malaysia |
Malaysia Research Team |
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| 27-Mar-2020 |
Since the chlor-alkali market is a duopolistic market in Malaysia, the operating environment will continue to be favourable to CCM in terms of pricing and margins, especially when overall demand outstrips local capacities. It also provides investors exposure to the capacity expansion of the glove segment as both its chemicals and polymers divisions are directly utilised by the glove industry. Coming off a low base in FY19, we should see earnings growth returning in FY20 to be driven by PGW1 reactivation, which is replacing approx. 30% of domestic imports and commencement of contributions from RAPID. Valuation wise, it is now trading at 2020F PE of 5.7x, which is a huge discount to industry average of x PE. Hence, we re-initiate our coverage on CCM with a LONG-TERM BUY. |
Malaysia |
Malaysia Research Team |
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| 26-Dec-2019 |
“Solar photovoltaics industry is on the rise in Malaysia and Solarvest, a local full-fledge solar EPCC service provider, is expected to ride on the trend and benefit from the rising demand. Solarvest is trading at 11.6x, recommend to Buy.” |
Malaysia |
Malaysia Research Team |
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| 30-Oct-2019 |
We like SAM for its steady earnings and margins reported over the years and its proven track record, especially the aerospace division, which is internationally recognised in the aviation industry as well as endorsed
by major aviation players. The long gestation period, capital intensive nature and stringent quality requirements have created very high entry barriers for newcomers to penetrate into the industry. More importantly, the long-term contracts and growing market in the aerospace division provide steady earnings visibility for the Group. Valuation wise, it is trading at 14.5x forward PE. Hence, we have a BUY call on the stock. |
Malaysia |
Malaysia Research Team |
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| 27-Apr-2018 |
LCT is now set to recover strongly in 2018, driven by the improved plant utilisation. There is a possibility LCT may be included into FBMKLCI Index as a component stock, as its current market capitalisation is approaching to RM15.0bn, to be on par with YTL’s and Airport’s market capitalisation which are currently ranked 29th and 30th in FBMKLCI Index. With the attractive 2018F PE valuation of only 10.2x (vs PetChem PE of 16x) coupled with a reasonable dividend yield of 3.3%, we recommend a Medium Term Buy on LCT. |
Malaysia |
Malaysia Research Team |
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| 10-Apr-2018 |
YTD, SCGM share price has tumbled by 36.6% due to the softer outlook on the company as a results of rising resin cost. We have a cautious stand on resin price and we do not discount the possibility of continue rising resin price in near term. However, we believe the group will able to deliver strong set of results once the resin price pressure ease. Hence, we recommend a LONG TERM BUY on SCGM. |
Malaysia |
Malaysia Research Team |
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| 10-Apr-2018 |
YTD, SCGM share price has tumbled by 36.6% due to the softer outlook on the company as a results of rising resin cost. We have a cautious stand on resin price and we do not discount the possibility of continue rising resin price in near term. However, we believe the group will able to deliver strong set of results once the resin price pressure ease. Hence, we recommend a LONG TERM BUY on SCGM. |
Malaysia |
Malaysia Research Team |
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| 16-Aug-2017 |
SCGM is an established leader in thermoform plastic packaging, especially take-away lunchboxes. The group has significant exposure to the F&B industry, which is resilient and recession-proof. |
Malaysia |
Malaysia Research Team |
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