Highlights

AmInvest Research Reports

Author: AmInvest   |   Latest post: Wed, 3 Jun 2020, 10:58 AM

 

AmWatch - Stock Focus Of The Day

Author:   |    Publish date:


Pos Malaysia: A long metamorphosis Underweight

We downgrade Pos Malaysia (Pos) to an UNDERWEIGHT with a lower DCF-based fair value of RM2.70/share (WACC: 8.6%, terminal growth rate: 1.5%) from RM5.27/share previously. Our FV has an implied FY20 PE multiple of 24.8x and PB multiple of 1.06x. Its comparable GD Express Carrier (GDex) is trading at a forward PE of 50.7x and PB of 4.4x.

Our resumption of coverage on Pos also opens our coverage on the sector of ecommerce, which will be our emphasis for this stock. The group’s e-commerce business has experienced strong growth (3-year CAGR of 18% to FY18) but faces increasing headwinds from competition, an absence of pricing power to defend its margins and slow results from reforms to improve the service quality by eradicating various legacy issues.

Others:

Eastern & Oriental: 1HFY19 core profit up 9.5% YoY; expects stronger 2H Buy

Malaysia Pacific Industries: Braving through the storm Buy

Sapura Energy: Mutually beneficial strategic partnership with OMV Buy

QUICK TAKE

Plantation Sector: News flow for week 5 – 9 Nov Neutral

NEWS HIGHLIGHTS

Insurance Sector: Great Eastern confirms participating in health plan for the poor

Tatt Giap: Gets new shareholder

PPB Group: An indirect casualty of tit-for-tat trade spat

E-Commerce: Alibaba Singles' Day tops US$30 billion but growth rate plunges

Source: AmInvest Research - 12 Nov 2018

Share this
Labels: E&O, MPI, SAPIND

Related Stocks

Chart Stock Name Last Change Volume 
E&O 0.42 0.00 (0.00%) 2,523,800 
MPI 11.22 -0.26 (2.26%) 8,900 
SAPIND 0.48 +0.01 (2.13%) 2,000 

  Be the first to like this.
 
Bruce88 after falling so much only down grade ?!!tak bolih pakai lah
13/11/2018 12:11 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program
 
 

285  551  517  800 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 HIBISCS 0.6850.00 
 ARMADA 0.2550.00 
 VELESTO 0.1750.00 
 LAMBO 0.0250.00 
 KNM 0.26-0.005 
 ICON 0.15+0.01 
 AT 0.080.00 
 CAREPLS 1.25-0.30 
 ALAM 0.10+0.005 
 SANICHI 0.11-0.005 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers