Highlights
KLSE: WARISAN (5016)       WARISAN TC HOLDINGS BHD MAIN : Trading&Services
Last Price Today's Change   Day's Range   Trading Volume
2.04   0.00 (0.00%)  2.04 - 2.04  100
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Overview

Market Cap: 137 Million
NOSH: 67 Million
Avg Volume (4 weeks):3,135
4 Weeks Range:2.03 - 2.05
4 Weeks Price Volatility (%):
50.00%
52 Weeks Range:1.83 - 2.20
52 Weeks Price Volatility (%):
56.76%
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2017 [#4]  |  22-Feb-2018
Next QR | Est. Ann. Date: 31-Mar-2018  |  05-May-2018
T4Q P/E | EY: 27.81  |  3.60%
T4Q DY | Payout %: 1.90%  |  52.83%
T4Q NAPS | P/NAPS: 4.9116  |  0.42
T4Q NP Margin | ROE: 0.93%  |  1.49%

Headlines

Date Subject
06-Jul-2017 Mplus Market Pulse - 6 Jul 2017
06-Jul-2017 PublicInvest Research Headlines - 6 Jul 2017
08-May-2017 Mplus Market Pulse - 8 May 2017

Business Background

Warisan TC Holdings Bhd is an investment holding company in Malaysia. The company's business segments comprise Travel and car rental, Machinery, Automotive, and Others. Its travel and car rental division provides an inbound tour, outbound tour, corporate travel, airline ticketing, and car and coach rental services. Its machinery division provides material handling equipment, forklift, factory scrubber and sweeper; construction equipment (road, earthwork, quarry, and mining); agricultural tractor, golf and turf equipment; engine and generators, and air compressors. Its automotive division provides light commercial trucks, heavy commercial trucks, and pickup trucks. The company's others division includes Cosmetics, Haircare, and Property Investment.
Analyze this stock with MQ Trader system

  petracot likes this.
 
petracot Warisan is a laggard and unloved stock. Despite its decent earning of 21 sen, consistent dividend of 12 sen and high net asset value per share of RM3.69, the share price has been struggling within the range of RM2.20 to RM2.60 for the last 2 years. Things are about to change with earnings spiking up within the next two years:-

(a) Its tourism arm MayFlower is flourishing, with outbound and inbound tours registering high growth; total annual turnover is around RM500 million
(b) The heavy machinery division is capturing new market share especially in East Malaysia.
(c) The newly launched Automotive division, marketing China-made trucks, is making inroads into the commercial segment.
10/02/2012 20:50
petracot Once upon the time, all three members of the Tan Chong Group namely APM, TChong Motors and Warisan were all trading in the range of RM1.50 to RM2 per share. Within the last two years, both APM and TChong have graduated to medium weight stocks of between RM4 to RM5 per share.

Tan Chong Group is now grooming Warisan to be in the same league as the other two sister companies. It may take another two years for Warisan to catch up the same level of earnig.

In the past few years, both the company and the Chairman have been buying back and accumulating Warisan shares.
20/02/2012 10:14
petracot Warisan is a light-weight investment-grade stock. Earning has not been growing for the last 3 or 4 years, staying at around 0.21 per share and dividend has also not been increasing, stagnating at 0.12 per share. Share price has only appreciated by about 38% over a period of 4 or 5 years - insignificant average of 7.6% per year.

However, net asset backing has over the years increased to the current figure of RM3.69 per share. Warisan also has a big pile of cash of RM115 million (Sept 2011) - it works out to RM1.70 per share of cash over total paid up capital of 67,200,000.

With the current share price of 2.51, Warisan looks grossly undervalued!
20/02/2012 12:05
petracot Warisan has just released the 2011 results: earning of 21.02 sen and a final dividend of 6 sen (interim 6 sen). There is substantial increase in profits across all segments except Automotive.

Despite the high turn over and profits, the overall result is not impressive because it is offset by high starting cost and expenses of Automotive Division.

Going forward, the profit should increase significantly as sales of China trucks pick up this year. This stock is certainly worth watching. The earning can surprise the market next two years.
27/02/2012 19:32
petracot Warisan's future hinges on marketing viability of Bison trucks- rebadged Foton trucks from China. People may doubt whether China trucks would sell in the Japanese-dominated Malaysian market, linking them to the similar fate suffered by China-made saloon cars.

Bison trucks would gradually gain acceptance in Malaysia as in other countries due to the following reasons:

1) The pricing is competitive, cheaper than any other Japanese models.

2)The quality is high with Euro 2 engines, and tested in the vast region of China as the NO. 1 truck of the country.

3)If you are a businessman, you may not want to drive China-made cars for obvious reasons, but you would not mind buying China trucks for your factories because they are cheap and good.

4)Bison is marketed by Warisan's sister company Tan Chong which has a wide network of potential customers. Bison is a cheaper alternative to Nissan and UD trucks sold by Tan Chong.
04/03/2012 17:49
petracot Warisan has recently launched another line of products: dump trucks, cement-mixer trucks and prime movers. All of them are heavy-duty China made trucks. The sales would pick up slowly as they are new in Malaysia. Short term contribution would be insignificant but in a longer term, profit generation could be quite substantial.
26/04/2012 16:54
petracot Warisan has just released the 1Q2012 results. The earning per share shot up from 3.28 sen to 6.33 per share. That is a jump of 93% compared to the results of 1Q2011. This is only the beginning of Warisan's growth. As the commercial truck business picks up gradually, the earning will also gain momentum. Besides, the asset backing is currently RM3.95 per share. Watch out for more growth in the coming quarters.
15/05/2012 19:24
petracot Warisan used to be a lethargic stock, rarely traded with miserable daily volumes. Things seem to look up a little bit for the last one week; seemingly someone is nibbling into this counter to collect the shares. There is no announcement to indicate any corporate move. However, do watch out for the quarterly results in August to gauge the earning growth.
13/07/2012 11:48
petracot In the past few years, both the company and the Chairman have been buying back and accumulating Warisan shares. This company is not for quick-profit traders but long term investors. There will not be any fast money but if you have financial stamina, I believe you would be rewarded in a couple of years.
13/07/2012 19:18
petracot There was a flurry of trading activities of Warisan shares last week. Today's company announcement revealed that among other people, the controlling shareholder Tan Chong Consolidated was buying Warisan shares in the open market. They bought a total of 176,000 on 11th July. Although the volume purchased is nothing to shout about, it is pertinent to note that they have been buying consistently throughout the year. Generally, when the major shareholder or the company itself keeps buying the shares, it is worthwhile to have a look on the business potential of that company.
16/07/2012 20:37
petracot Warisan has just released 2Q results. Net profit increased by 45% from 9.59 sen 13.98 sen per share. The company declared a interim dividend of 6 sen per share gross. If the profit can be maintained in the 2nd half, annualized earning should be around 28 sen per share. At the price of RM2.74, that works out to PER of about 10, quite decent.
19/08/2012 17:32
petracot The chairman and controlling shareholder of Warisan bought 2.55 million Warisan shares on 29 August 2012, by way of direct deals. The price paid was RM3 per share. Direct deal transactions are normally not reflected on Bursa Malaysia. It is reported via company announcement.

When insider buys large volume of shares, it is an indicator of better things to come.
03/09/2012 19:53
100000204436780 Quiet interest with this counter,but my remisier told me hard to buy in n sell out,is it?
12/09/2012 16:55
petracot It is true that the liquidity of this counter is quite low. First, the capital base is small, only 67.2 million shares. Secondly, most of the shares are tightly held by the major shareholder and they keep buying in. Thirdly, potential of this company is yet to be fully realized and retail investors are not interested.

It is not that difficult to buy say 50,000 shares if you are prepared to pay market price of RM2.60 to RM2.80 per share. However, it is unlikely you can sell them for profit at this moment due to lack of retail interest.

This counter is for medium to long term investment. Certainly, it is not meant for trading or short term purpose.
13/09/2012 10:49
petracot There are some goodies in the budget store for Warisan. Tour operators which bring in more than 750 foreign tourists or 1500 local tourists will enjoy tax holiday for 3 years.

Warisan has a subsidiary tour company named May Flower which operates both inbound and outbound tours. May Flower could be the largest tour operator in Malaysia with annual gross profit of closed to 50 million RM.

There would be substantial savings in terms of tax exemption for the next three years, which in turn would be translated into higher earnings.
29/09/2012 21:57
petracot Recently Warisan launched the new line of trucks- prime mover, dump truck & cement mixer, in Bintulu, Sarawak. Within a short period of time, the company sold 50 units of various types of trucks (Business Time 5/10/2012). Bintulu is the location of SCORE - a huge industrial and infrastructural development of Sarawak, which may take more than a decade to complete. The company aims to capture 20% of the truck market share in Sarawak and 8% of national market.

As the China truck business was only launched within the last two years, meaningful profits will only roll in within next few years. Because the capital base of Warisan is only 67.2 million shares, the earning growth can be quite explosive when the sale of trucks picks up over time. Be on the lookout for BISON and AUMAN trucks on the road. When these brands are noticeable on the roads or construction sites, Warisan share price would have soared.
06/10/2012 13:39
Simon Lee BUY BUY BUY !! UNDERVALUE !
22/12/2013 10:48
Chua Lawrance Very cheap is undervalue
11/01/2014 20:41
HowWouldISay Post removed. Why?
13/01/2014 15:28
Simon Lee This stock is coming !
23/01/2014 23:57
Simon Lee Coming Coming !
25/02/2014 19:53
hiewan look like the truck sales is slowing down
18/04/2014 14:17
hw0706 salesman keep on changing. that;s what i heard
30/04/2014 08:12
100000310560684 Result announced
20/05/2014 07:56
100000310560684 PETALING JAYA: Warisan TC Holdings Bhd’s net profit for the first quarter ended March 31, was marginally lower by 5.6% to RM2.68mil from RM2.84mil in the previous corresponding period, due to escalating costs.

Revenue rose 14.6% to RM114.69mil from RM100.11mil a year earlier, attributable to the increased contribution from the company’s travel and car rental, and automotive divisions.

In a filing with Bursa Malaysia yesterday, the company said its travel and car rental division recorded 24.2% higher revenue at RM51.9mil compared with the corresponding period last year.

“The increase in revenue was due to the continued disposal of used rental vehicles by the car rental sub-division in this quarter, which generated a gain from disposal. China’s in-bound business was doing well in the first two months of this year before the MH370 incident.”

The company said its automotive division recorded a growth of 77.5% in revenue to RM19.5mil compared with the corresponding period last year, as the sale of vehicles picked up after the launch of heavy commercial trucks in the second quarter of 2012 and passenger pick-up vehicles in September last year.

“Segment profit, however, decreased to RM34,000 from RM557,000 in the corresponding period last year because of higher completely-knocked-down import costs and branches set up to widen the distribution network.”

Revenue from its machinery division fell 21.7% to RM41.1mil, due to higher input costs and lesser unit sales of the heavy machinery sub-division. “The parts and services department performed relatively well in this quarter,” said Warisan TC.

On the company’s prospects, it said the travel industry, particularly those in-bound to Malaysia, had been affected by the tragic MH370 incident and a number of unfavourable cases in Sabah recently.

“The in-bound travel business, particularly from China, has dropped tremendously, which has affected our travel and car rental division. Despite Visit Malaysia Year 2014, promotional expenditure in China has been cut in this cooling-off period. “Going forward, the group continues to focus on strengthening its market presence, increasing its product range, cost stabilisation and productivity improvements.”
20/05/2014 07:57
LUCAS Post removed. Why?
10/06/2014 01:44
hw0706 see at 2.00
01/08/2014 16:17
hiewan look like going to be down
21/08/2014 11:42
hw0706 the stock will only up if the boss decided to take it private. look like no hope
30/09/2014 10:41
100000310560684 No people interested and it's time to buy
01/10/2014 06:43
zero what happened here??
10/10/2014 11:17
ronnielimks price dropped 86 cents. Anyone know why?
10/10/2014 12:29
hw0706 ebola
17/10/2014 19:31
Kian Leong Lim Anyone, this companies sell very diverse products---in cosmetics, heavy machinery, trucks, and car renting business. What is their primary or most profitable business that has the potential to grow in the future. I am interested in the cosmetics potential? How profitable is this sector for this company? I am not that interested in trucks and others.
03/11/2014 14:18
logitrader http://www.klse.my/financial/quarterResult/YoY/quarter/5016/31-Dec-2014.jsp
26/02/2015 19:13
logitrader http://www.klse.my/financial/annualReport/5016/31-Dec-2014.jsp
30/04/2015 18:21
logitrader http://www.klse.my/financial/quarterResult/YoY/quarter/5016/31-Mar-2015.jsp
21/05/2015 20:40
Erik Sighton Ini Apa Hal ?
No news
Negative P/E
also up 10%
Gila siao ????
16/11/2015 17:02
Hunger Can look at hevea ,Currently hong leong bank and other research investor already start covering (due to stronger usd to myr currency and their diversification which should be up by now or 4th Q)

https://asia.nikkei.com/Markets/Nikkei-Markets/Malaysia-Heveaboard-Estimates-Fungi-Project-To-Add-Up-To-MYR10-Million-In-Revenue-Official?page=2

http://www.theedgemarkets.com/article/heveaboard-forecast-rake-rm3m-earnings-2018
05/08/2017 00:35


 

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