Highlights
KLSE : ASUPREM       ASTRAL SUPREME BHD
Last Price Today's Change   Day's Range   Trading Volume
0.165   0.00 (0.00%)  0.165 - 0.165  695,300

Overview

Board:Main Market
Sector:Industrial Products
Avg Volume (4 weeks):1,169,644
4 Weeks Range:0.155 - 0.175
52 Weeks Range:0.11 - 0.225
Average Price Target:0.31
Price Target Upside/Downside:+0.145
View Price Target Detail

Headlines

Latest Headlines
28/12/2014  福星和TMS是不是有問題?

  5 people like this.
 
wateveritis is there good news coming soon?
22/01/2015 15:37
stainlyho37 yup..some rumours on now...may good to accumulate at this moment.....
23/01/2015 14:35
stainlyho37 still waiting for volume....
26/01/2015 09:18
logitrader http://www.klse.my/stock/insider/director/all/7070.jsp
11/02/2015 19:38
MillionaireHub 3 quarters in a row profit, although it is small but it proves that company is changing
12/02/2015 17:49
logitrader http://www.klse.my/financial/quarterResult/YoY/quarter/7070/31-Dec-2014.jsp
12/02/2015 23:02
MillionaireHub 17/2/2015 Tuesday
Company had just made an announcement this evening regarding the utilization of right issues money.
Basically the director Datuk Chai (DCWC) and his company OceanMiles (registered in January 2015) will be subscribing the rights (total of extra 99million rights) if shareholders did not want to exercise the rights.

In the disclosure, the company also mentioning about the future projects which the company may bags (high probability), all are Projek Perumahan Raykat (or better known as Pr1ma). In other words, they are government-linked projects, which worth up to about RM323 million (from construction), to be completed in 36 months (3 years). On the other hand, another development project (JV with another company) which is mentioned inside the PDF worth around GDV RM83 million, of which Astral will be benefiting the 63% of total profit of around RM40 million)

From the announcement, we can have a visual on the improvement of the company's fundamental. This can be backed up by the financial results of the past 3 quarters, in which the revenues of the company has been improving from a few hundred thousand in the previous quarters to 16m / 27m / 24m respectively. Also, we're happy to see that the earning per share has made a leap bound from nega into positive.

Let's assume that under ideal condition, whereby all the contracts are bagged and run smoothly, the estimated profit would be :

1) From construction
RM 323 million x 3% (profit margin based on average profit of latest 3 quarters actually is only about 2.x% ) = roughly RM10 million

RM10m divided by 3 years (project to be completed in 36 months) = RM 3.3 million per annum ( RM800k per quarter) which translates into EPS of 0.3 per quarter


2) From Nilai development
63% from RM40m (around RM24 million )
if spread over 3 years means RM 8 million per year. ( RM 2 million per quarter or EPS 0.75 per quarter)

Now lets sum up the EPS for 1 year, which is 0.3 * 4 + 0.75 * 4 = 4.2 cent per year

PE ratio = 17 / 4.2 = 4 times
If PE is 10, should worth at RM 0.4 ( haven't factor in the diluted shares after right issues)


This assumption is based on current knowledge I know

If anyone has any opinion ,kindly please correct me

**this is not a buy/sell call , merely for study purpose **
17/02/2015 23:26
kllady_fidah buy now........rumor will start surfacing soon
23/02/2015 17:27
wateveritis how soon is soon? 1 month, 3 months or 1 year?
03/03/2015 10:11
kllady_fidah By raya was told.....accumulate on weaknes
04/03/2015 23:10


 

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