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

Oriental Interest Berhad OIB Code 5827

Stock Name : OIB
Code: 5827

Nature of Business: Property Development, Construction and Palm Oil

Low PE (recorded higher net earning since 20Q3 attributed to recognition of sales from launches, palm oil division had also improved)

Dividend - more than 8% if bought at less than MYR 1

Net asset: Price below Net Asset
Debt to Equity: 1.29
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 0.96-1.11
Technical: 0.85-0.90  
Overall: Amber (due to relatively higher debt to equity)

Prestar Resources Berhad PRESTAR Code 9873

Stock Name : PRESTAR
Code: 9873

Nature of Business: Manufacturing and Trading of steel products, hardware and related industrial products and equipment

Low PE (Earnings rebound since 20Q3, last quarter recorded higher net profit due to higher selling price which contribute to better margin and higher sales)

Dividend - 0.7%

Net asset: Price below Net Asset
Debt to Equity: 0.67
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 0.75-2,64
Technical: 1.2-1.3
Overall: Amber

Hengyuan Refining Company Berhad HENGYUAN Code 4324

Stock Name : HENGYUAN
Code: 4324

Nature of Business: Oil & Gas Refinery Business

Low PE (revenue and profit rebounded since 20Q2, demand for products depends on economy recovery)

Dividend - 0.71% (missed dividend in FY19 & FY 20)

Net asset: Price below Net Asset
Debt to Equity: 1.07
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 4.78-8.86
Technical: 5.2-5.4
Overall: Amber (due to missed dividend)

Matrix Concepts Holdings Berhad MATRIX Code 5236

Stock Name : MATRIX
Code: 5236

Nature of Business: Property Development, Construction, Education, Hospitality, Healthcare

Low PE (earning seems minimally impacted by pandemic, recorded better profit last 2 quarters due to increase property development activities and expedited construction to regain productivity loss during Movement Control Order)

Dividend - 5-6%

Net asset: Price below Net Asset
Debt to Equity: 0.42
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 1.96-2.66
Technical: 1.8-1.90
Overall: Green   

KUB Malaysia Berhad KUB Code 6874

Stock Name : KUB
Code: 6874

Nature of Business: Liquefied Petroleum Gas, Agro Division, ICT Division Power Division and Other (Property Management)

Low PE in screener due to disposal of asset (recorded net profit of 27.5m in 19Q4 due to gain from disposal of leasehold land in PJ, and in 20Q2 of 28.4m due to gain from disposal of KUB Berjaya Enviro Sdn Bhd)). Last quarter company had some improvement in Agro and ICT Division.

Dividend - missed dividend in FY19 & FY20

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

Pseudo-DCF (10%, 10 years period): 0.25-0.41
Technical: 0.55-0.58
Overall: Amber

Ho Hup Construction Company Berhad HOHUP Code 5169

Stock Name : HOHUP
Code: 5169

Nature of Business: Property Development, Construction, Building Material and Property Retail and Management

Low PE (Recorded higher net profit since 19Q3 due to higher recognition of revenue from Construction and Property Division)

Dividend - Nil

Net asset: Price below Net Asset
Debt to Equity: 2.12
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 0.57-1.55
Technical: 0.42-0.43  
Overall: Amber

Complete Logistic Services Berhad COMPLET Code 5136

Stock Name : COMPLET
Code: 5136

Nature of Business: Logistic (land transportation), Warehouse & Marine (shipping transportation)

Low PE (there was one time 39.2 mil net earning in 20Q4 due to disposal of subsidiary, average net earning should be around 1.3-2.3 mil)

Dividend - 11% (missed dividend in 2015 to 2018)

Net asset: Price above Net Asset
Debt to Equity: 0.31
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 0.29-0.53
Technical: 1.2-1.3
Overall: Amber (due to missed dividend)

Tomei Consolidated Berhad TOMEI Code 7230

Stock Name : TOMEI
Code: 7230

Nature of Business: Gold & Jewellery

Low PE (Recorded increase in net profit since 20Q3 due to increase in consumer’s demand)

Dividend - 2% (missed dividend in FY20)
Net asset: Price below Net Asset
Debt to Equity: 0.78
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 2.5-2.94
Technical: 0.84-0.86
Overall: Amber (due to missed dividend)

Land & General Berhad L&G Code 3174

Stock Name : L&G
Code: 3174

Nature of Business: Property Development, Education and Property Investment

Low PE (Recorded loss in 20Q3 due to lower sales from Property Division, rebounded in 20Q4 due to write-back of financial obligation, last quarter recorded higher profit due to higher contribution from Education Division, increased student enrolment and write-backs in other Division.

Dividend - missed divided in FY20

Net asset: Price below Net Asset
Debt to Equity: 0.36
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 0.05-0.13
Technical: 0.1-0.12
Overall: Amber (due to missed dividend, otherwise high dividend yield)

DKSH Holdings (Malaysia) Berhad DKSH Code 5908

Stock Name : DKSH
Code: 5908

Nature of Business: Market Expansion Services Provider (Consumer Goods, Healthcare, Performance Materials and Technology), help businesses grow in new and existing market

Low PE (Recorded lower net profit in 20Q2 due to disruption from Movement Control Order, profit seen recovered since 20Q3)

Dividend - 3-4% (missed dividend in FY20)

Net asset: Price below Net Asset
Debt to Equity: 3.01
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 1.46-3.02
Technical: 2.95-3.0
Overall: Amber

C I Holdings Berhad CIHLDG Code 2828

Stock Name : CIHLDG
Code: 2828

Nature of Business: Manufacturing of Edible Oil Products Division and Manufacturing of Water Tap and other plumbing accessories

Low PE (Recorded lower net profit in 20Q3 due to unrealized loss from derivatives hedge, net profit on increasing trend since 20Q4)

Dividend - 3-4%

Net asset: Price above Net Asset
Debt to Equity: 1.41
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 1.45-2.31
Technical: 2.2-2.3
Overall: Amber 

Muda Holdings Berhad MUDA Code 3883

Stock Name : MUDA
Code: 3883

Nature of Business: Manufacturing of recycled fiber and packaging products and school bookshops and online bookstore in Singapore

Low PE (Revenue and net profit on increasing trend since 19Q4, last quarter recorded decreased revenue however with higher profit due to reduction in raw material cost and reduction in admin expenses compared to previous years)

Dividend - 1-2%

Net asset: Price below Net Asset
Debt to Equity: 0.66
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 1.01-3.58
Technical: 2.5-2.7
Overall: Amber (due to lower dividend)

Astino Berhad ASTINO Code 7162

Stock Name : ASTINO
Code: 7162

Nature of Business: Trading and processing of metal building materials and other steel products

Low PE (Revenue on significant increasing trend since 20Q3, recorded record net profit of 17.1m in 21Q2 due to increase in sales and profit margin).

Dividend - 0.5%

Net asset: Price below Net Asset
Debt to Equity: 0.33
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 0.78-1.84
Technical: 1.32-1.37
Overall: Amber (due to dividend yield lower than risk free rate, eg. FD)

Latitude Tree Holdings Berhad LATITUD Code 7006

Stock Name : LATITUD
Code: 7006

Nature of Business: Manufacturing of Wooden Furniture

Low PE (Last 2 quarters recorded increased revenue and net profit, attributed to higher local and international sales and weakening USD)

Dividend - 3-5%

Net asset: Price below Net Asset
Debt to Equity: 0.44
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 1.99-4.04
Technical: 1.93-1.97
Overall: Green   

Country View Berhad CVIEW Code 5049

Stock Name : CVIEW
Code: 5049

Nature of Business: Property Development, Property Investment and Investment Holdings

Low PE (Company remain profitable during pandemic, recorded contraction in net earning since FY19)

Dividend - dividend payment yearly, however the amount fluctuate, around 6% in FY20

Net asset: Price below Net Asset
Debt to Equity: 0.63
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 0.64-1.29
Technical: 1.15-1.20 
Overall: Green

CYPARK Resources Berhad CYPARK Code 5184

Stock Name : CYPARK
Code: 5184

Nature of Business: Waste to Energy Plant, Floating Solar System, Waste Water Management, Landfill Restoration, Biomass Solid Fuel, Leachate Treatment Plant, Fully Anaerobic Bioreactor System Generation Plant

Low PE (Group revenue on increasing trend except for FY20, lower net profit due to adoption of MSRF 15), it is the leading environmental solution and renewable energy company in Malaysia (some incentives from Gov).

Prospects: Positive to secure future LSS contracts

Dividend - No dividend in FY20

Net asset: Price below Net Asset
Debt to Equity: 1.39
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 0.87-1.28
Technical: 1.26-1.31
Overall: Amber (due to dividend and higher Debt to Equity) 

Poh Huat Resources Holdings Berhad Code 7088

Stock Name : POHUAT
Code: 7088

Nature of Business: Manufacturing of Furniture

Low PE (Recorded higher net profit in 20Q4 due to better handling of raw material, Vietnam Operation recorded better gross profit (lower material price, better labor efficiency and better absorption of manufacturing overhead due to higher production level)

Dividend - 5%

Net asset: Price below Net Asset
Debt to Equity: 0.33
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 1.01-2.34
Technical: 1.57-1.58
Overall: Green   

BP Plastic Holdings Berhad BPPLAS Code 5100

Stock Name : BPPLAS
Code: 5100

Nature of Business: Polyethylene Films and Bags manufacturer and Food Packaging films.

Low PE (Business revenue and profit seem minimally impacted by covid-19, last quarter reported higher revenue due stronger demand recovery in 20Q4)

Dividend - 5-6%

Net asset: Price above Net Asset
Debt to Equity: 0.40
Current Ratio: OK

Pseudo-DCF (10%, 10 years period): 1.13-1.34
Technical: 1.35-1.37
Overall: Green