CAPE EMS BERHAD

KLSE (MYR): CEB (5311)

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Last Price

0.995

Today's Change

-0.015 (1.49%)

Day's Change

0.99 - 1.02

Trading Volume

2,091,900

Financial

Show?
Last 10 FY Result
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
Revenue 617,932 559,978 542,844 437,954 344,334 25.55%
PBT 72,232 64,198 57,705 40,844 25,355 50.86%
Tax -18,376 -14,889 -13,358 -7,304 909 -
NP 53,856 49,309 44,347 33,540 26,264 29.94%
-
NP to SH 53,620 49,284 44,381 33,540 26,264 29.99%
-
Tax Rate 25.44% 23.19% 23.15% 17.88% -3.59% -
Total Cost 564,076 510,669 498,497 404,414 318,070 25.19%
-
Net Worth 466,239 466,239 456,320 194,999 169,559 64.04%
Dividend
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
Div 26,585 21,875 10,912 1,949 - -
Div Payout % 49.58% 44.39% 24.59% 5.81% - -
Equity
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
Net Worth 466,239 466,239 456,320 194,999 169,559 64.04%
NOSH 992,000 992,000 992,000 750,000 39,999 398.00%
Ratio Analysis
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
NP Margin 8.72% 8.81% 8.17% 7.66% 7.63% -
ROE 11.50% 10.57% 9.73% 17.20% 15.49% -
Per Share
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
RPS 62.29 56.45 54.72 58.39 860.84 -74.78%
EPS 5.40 4.97 4.96 6.39 65.66 -72.51%
DPS 2.68 2.21 1.10 0.26 0.00 -
NAPS 0.47 0.47 0.46 0.26 4.239 -67.05%
Adjusted Per Share Value based on latest NOSH - 992,000
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
RPS 62.29 56.45 54.72 44.15 34.71 25.55%
EPS 5.40 4.97 4.96 3.38 2.65 36.81%
DPS 2.68 2.21 1.10 0.20 0.00 -
NAPS 0.47 0.47 0.46 0.1966 0.1709 64.06%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
Date 29/03/24 29/03/24 29/12/23 - - -
Price 0.91 0.91 1.06 0.00 0.00 -
P/RPS 1.46 1.61 1.94 0.00 0.00 -
P/EPS 16.84 18.32 23.69 0.00 0.00 -
EY 5.94 5.46 4.22 0.00 0.00 -
DY 2.95 2.42 1.04 0.00 0.00 -
P/NAPS 1.94 1.94 2.30 0.00 0.00 -
Price Multiplier on Announcement Date
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
Date 21/05/24 21/05/24 26/02/24 07/03/23 - -
Price 1.07 1.07 1.13 0.00 0.00 -
P/RPS 1.72 1.90 2.06 0.00 0.00 -
P/EPS 19.80 21.54 25.26 0.00 0.00 -
EY 5.05 4.64 3.96 0.00 0.00 -
DY 2.50 2.06 0.97 0.00 0.00 -
P/NAPS 2.28 2.28 2.46 0.00 0.00 -

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
Be the first to like this. Showing 50 of 301 comments

Waller

As long as they are not from institutional funds, then it's fine I guess

2023-09-22 12:18

fortunefire

waiting

2023-11-15 15:29

papakuching

Expecting a technical retracement. Uptrend now RM1.02

2024-01-17 13:36

Waller

Director came out buying in. Another rally is coming

2024-01-22 16:46

fruitcake

who recommended this stock?😁

2024-02-27 09:17

MrFox

fruitcake

2024-02-27 09:17

fruitcake

now everyone holding it is CBB

2024-02-27 09:45

nicky

what happened .. QR gg

2024-02-27 10:27

8dragon

Tomorrow LD....

2024-02-27 18:07

fruitcake

HALO, WHO RECOMMENDED THIS STOCK? please step forward. d.a.m.n.i.t 😂🤣

2024-02-28 10:07

EatCoconutCanWin

Buy in 0.92

2024-02-28 10:29

8dragon

Why no LD....?

2024-02-28 10:41

papakuching

Bought some at RM0.90 IPO price.

2024-02-28 12:16

8dragon

Will drop down below 0.80 ....same level as SKPRES

2024-02-28 13:01

aspenvit

Revenue improved significantly.

2024-02-29 11:39

aspenvit

CAPE 4Q23 briefing keytakes (Zoom)

Date: 27 Feb 2024

Management: Christina Tee (CEO), Kelvin Tan (CFO) and team

2023 financials overview

- 2023 revenue +24% driven by wireless equipment and CE E-Cigg alongside new contribution from thermal devices. PAT +32% on favourable product mix. 4Q revenue +25% but PAT -38% due to underprovision of tax in previous quarters + additional operating cost related to die casting and new EV business.
- Normalised PAT at RM57.8m after adjusting for IPO expenses RM4m, RM2m acquisition cost of iConn, and sales and lease back arrangement. Previously guided RM59m which included this RM7m of sales & leaseback arrangement, but now they did not proceed on this.
- Revenue breakdown: 65% on industrial produce, CE at 32%, 3% from die casting. US 66%, Asia at 33%, EUR 2%.
- Financial positions: RM170m of cash, 0.4x gearing ratio.
- Orderbook of RM218m (RM33m from CE and RM185m from Industrial products)
- Utilisation of proceeds: RM125m - the balance of unutilised proceeds

Production capacity

- 3 factories (Senai, Tebrau and Kempas 6)
- Relocation cost Temenggung to Tebrau
- 433k sqft now, on 34 EMS lines, and 770+ workers
- Tebrau (100.6k sqft) for aluminium die, 10 new alu die cast and machinery purchase are in progress
- Senai 226 (166.9k sqft), to house finished goods
- Warehouse automated storage facilities

Business updates

- Mimosa – completed acquisition of Mimosa from Jio platforms. Penetrated into new market via this acquisition. Ex-India all by CAPE now, in India, 25% by Cape.
- NextCentury (smart utility data collection) – penetrated into Australia market. Mexico in process to be certified.
- Customer A – after acquisition, more opportunity here
- K&Q (household applicances – vacuum) – anticipating an uptick in demand. Besides US, it is into Turkey now
- New customer C – Leader in EV charging device and station. US based founded in 2007.
- New customer S – packaging tracking vehicle – UK based providing tracking system for reusable packaging. Market segment from retail, post and parcel and logisitic companies
- New customer M – amphibious craft of vehicle, based in NZ. Specialising in designing and manufacturing amphibious boats equipped with retractable, motorised wheels. Partnering with SEA CM to supply new contracts in at least next 5 years.
- Into medical, sport equipment, EV charging systems as well
- Vectrix mobility - 60% stake owned by by APE, Vectrix owns 40% - batt pack production will be ready by 2Q24. High flexibility of assembling modules up to 3k WH, in the voltage range from 7V to 150V. UK, EUR, JPN, SG and MY distribution ship partner has been identified. Current order on hand is at 1200 units, will be suppling directly from Taiwan maker. All batt pack will be self-supply by CAPE.


Q&A

- Customer A – additional 80% more capacity; device and pod will be the driver. 2023 revenue contribution was RM160m. Wanted to limit exposure from here, as in not >25%.
- 2024: targeting minimally 30% revenue growth. Targeting NPM of 8-10%. Batt Pack manufacturing, K&Q, EV charger see good growth.
- Customer T – radioactive tracking + chambers (consumable).
- iConn – <USD30m orders by CAPE.
- Vectrix – Yan Loong? CM from Taiwan
- 3 new customers C, S and M on NPI now, and not part of the revenue growth target for 2024.
- Jio reliance orders on cable –access points – 2 components whereby CAPE supplied 2m parts (30k per month).
- Costs – some can be passed on

Thanks

From UOBKH’s DC

2024-02-29 11:40

aspenvit

"For CEB, its order book remains strong at Rm217m and Revenue indeed up by 8% QoQ so I believe the drop in PAT is one off event."

2024-02-29 11:42

aspenvit

"Btw for CEB my view is can consider holding it for another quarter because:
1. MD/Group CEO has bought 2m shares via open market during 27-28/2.
2. Chartwise the next support is 0.88.
3. Management provided the below guidances for FY2024 ie at least 30% growth in revenue and profit margin after tax ard 8-10%. So profit before tax of 60-70m for FY2024 is within reach.
4. They have engaged tax consultant to look into their tax reporting process. 🙏🙏"

2024-02-29 11:44

papakuching

Today heading North. Will not sell until above RM1

2024-03-01 15:59

limitup4u

Should have good chance in coming back

2 months ago

limitup4u

get ready for the take off

2 months ago

Michael Kwok

Cape ems 90 cents
Resistance 92 cents
Possible will be in 70 cents range.if resistance cant break in before 19 march end.
15/3/24 10.18am

2 months ago

limitup4u

Seems like very hard to break 0.9.. Zzzz

2 months ago

papakuching

Bought some at 0.90 today and expect to make some money for beer

2 months ago

limitup4u

Here it come

2 months ago

LimitUp

CEB going to shoot.....

2 months ago

8dragon

CEB is likely to move up to 1.10 level, this is a bargain price to collect.

2 months ago

limitup4u

Director also start buying in. 👍🏻👍🏻

2 months ago

BursaKakis

Cape EMS working to regain investor confidence
https://theedgemalaysia.com/node/704942

2 months ago

limitup4u

why she sounds like the next qr is bad and ask us to hold it long term.

2 months ago

8dragon

I'm quite persimistic the capability of a woman CEO in running a EMS company....

2 months ago

limitup4u

Well, guess we can only hope for the best

2 months ago

WiseEye

Anything wrong with women running the company?

1 month ago

togogayguy

8 dragon is someone who cant even run his own household

1 month ago

papakuching

Coming

1 month ago

togogayguy

just a matter of time before going above RM1

1 month ago

togogayguy

touched RM1. still cheap. will be back to 1.2/1.3 level once QR is out.

1 month ago

zzzzz

VS, SKPRESS, NATIONGATE, ATAIMIS & CEB .... .. choose from the best ...LOL

3 weeks ago

donnybelowski

Still weak profits. Con jobs. Jual

2 weeks ago

BursaKakis

Cape EMS’ 1Q net profit jumps 58%
https://theedgemalaysia.com/node/712452

2 weeks ago

duatlai

Cage ems. CAGED INVESTORS

2 weeks ago

zzzzz

VS jump up but CEB diving

2 weeks ago

limitup4u

That’s why it call CB

2 weeks ago

zzzzz

All EMS up... except this silly counter

2 weeks ago

dondonho

this counter drop may be cause by the high borrowing .net debt about 100 million

2 weeks ago

Jeferson

prepare to catch if it drops to the price less than RM1 🙂

2 weeks ago

zzzzz

Many tickets for sale,,, no hurry..LOL

2 weeks ago

limitup4u

Once again it will be going down to below 0.9

2 weeks ago

zzzzz

wow... doing low... sellers a lot

2 weeks ago

Jeferson

I will q at 95 cents

1 week ago

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