Serba Dinamik Holdings Berhad SERBADK Code 5279

Stock Name : SERBADK
Code: 5279

Nature of Business: International energy services group providing a multitude of engineering services & solutions ranging from Operation & Maintenance ("O&M"), Engineering, Procurement Construction and Commissioning ("EPCC") and other supporting products and services. Serba Dinamik provides its engineering services & solutions for Oil & Gas (O&G) production platforms, crude O&G refineries, petrochemical manufacturing plants, Liquefied Natural Gas ("LNG") & Compressed Natural Gas ("CNG") plants, Power Production Plants, and Water & Utilities Plants

Low PE (revenue and earning on increasing trend, last quarter recorded higher net earning due to higher activities, and attributed to various contracts in UAE)

Dividend - 3%

Net asset: Price Above Net Asset
Debt to Equity: 1.44
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 1.05-1.59
Technical: 1.60-1.61
Overall: Amber

Kein Hing International Berhad KEINHIN Code 7199

Stock Name : KEINHIN
Code: 7199

Nature of Business: Companies activities include sheet metal forming, precision machining, component assembly and manufacture and sales of gas appliances, electronic and electrical industries’ component, home appliances, sub-leasing of unused factory and warehouse

Low PE (earning rebounded since 20Q3, improvement in earnings due to stronger demand for parts in TV, automobile, printer and refrigerator)

Dividend - missed dividend in FY20

Net asset: Price below Net Asset
Debt to Equity: 0.71
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 0.68-1.11
Technical: 0.68-0.70
Overall: Amber

Lingkaran Trans Kota Holdings Berhad LITRAK Code 6645

Stock Name : LITRAK
Code: 6645

Nature of Business: Investment in companies involve in design, construction, operation and maintenance of two major tolled highways in the Klang Valley namely Lebuhraya Damansara-Puchong (LDP) and Western Kuala Lumpur Traffic Dispersal Scheme (SPRINT Highway) together with the management of their toll operations.

Low PE (earning rebounded since 21Q2, revenue dropped temporarily during Movement Control Order, may drop if covid situation worsen, should return to normal when MCO ceased)

Dividend - 5-6%

Net asset: Price Above Net Asset
Debt to Equity: 0.68
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 3.02-3.91
Technical: 3.66-3.68
Overall: Green   

Cahya Mata Sarawak CMSB Code 2852

Stock Name : CMSB
Code: 2852

Nature of Business: Property Development, Construction and Strategic Investment

Low PE (earning rebounded since 20Q1, increase in profit attributed to increased contribution in cement, trading and property division. There is also recorded higher profit before tax due to disposal of KIBB shares and disposal of land , and improvement in associates and joint ventures’ performance)

Dividend - 1.0-1.5%

Net asset: Price below Net Asset
Debt to Equity: 0.46
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 1.28-3.13
Technical: 1.58-1.60 
Overall: Amber

RCE Capital Berhad RCECAP Code 9296

Stock Name : RCECAP
Code: 9296

Nature of Business: Financial Services, processing and administration of payroll, confirming and facturing industrial hire-purchase, investment securities, general loan

Low PE (earnings were resilient through pandemic, recorded higher earning due to higher early settlement income from refinancing activities of customer and lower allowances for impairment of loss, offset by ESS expense incurred  

Dividend - 3-4%

Net asset: Price Above Net Asset
Debt to Equity: 2.34
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 1.75-2.68
Technical: 2.58-2.60
Overall: Amber

New Hoong Fatt Holdings Berhad NHFATT Code 7060

Stock Name : NHFATT
Code: 7060

Nature of Business: Manufacturing of automotive replacement body parts

Low PE (earning rebounded since 20Q2, there were recorded revenue and profit due to higher sales and lower operational expenses)

Dividend - 2-5%

Net asset: Price below Net Asset
Debt to Equity: 0.17
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 2.08-2.58
Technical: 2.15-2.20
Overall: Green   

Pintaras Jaya Berhad PTARAS Code 9598

Stock Name : PTARAS
Code: 9598

Nature of Business: Construction and Manufacturing of Metal Containers

Low PE (rebounded since 20Q4, recorded higher earnings last 2 quarters from Manufacturing division, attributed to higher sales volume and average selling price)

Dividend - 3-6%

Net asset: Price below Net Asset
Debt to Equity: 0.65
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 2.5-3.86
Technical: 2.5-2.6  
Overall: Green  

Harrisons Holdings (Malaysia) Berhad HARISON Code 5008

Stock Name : HARISON
Code: 5008

Nature of Business: Marketing, sales, warehousing and distribution of consumer, building materials and engineering products, fine wines, agricultural and industrial chemicals, and the operation of shipping/logistics, travel agencies and retailing

Low PE (earning rebounded since 19Q4, increase in sales in consumer products and building material and engineering products, cements sales picked up due to pent-up demand, Singapore business received government wage subsidies and rental rebates)  

Dividend - 5%

Net asset: Price below Net Asset
Debt to Equity: 1.2
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 2.94-3.55
Technical: 4.00-4.05  
Overall: Amber

Marco Holdings Berhad MARCO Code 3514

Stock Name : MARCO
Code: 3514

Nature of Business: Time Piece, Calculator and Digital Musical Instrument

Low PE (Business seems to remain resilient during pandemic with minimal impact to earning, there were some profits write back of provision of slow moving inventories)

Dividend - 2-3%

Net asset: Price below Net Asset
Debt to Equity: 0.086
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 0.06-0.12
Technical: 0.11-0.12  
Overall: Amber (due to lower earnings and relatively lower dividend)

Samchem Holdings Berhad SAMCHEM Code 5147

Stock Name : SAMCHEM
Code: 5147

Nature of Business: Industrial chemical distributor (automotive, paint and inks, oil and gas, and agriculture)

Low PE (revenue and net earning on increasing trend since 20Q2, revenue increase due to increase in sales and average selling price)

Dividend - 1.6-2.2%

Net asset: Price above Net Asset
Debt to Equity: 0.53
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 0.95-2.06
Technical: 1.80-1.85  
Overall: Amber