Highlights

Worthy Stocks

Author: dollardollarbill   |   Latest post: Thu, 3 Sep 2020, 9:37 PM

 

KARYON (0054), another under the radar Covid-19 play [$$bill]

Author:   |    Publish date:


KARYON (0054), another under the radar Covid-19 play [$$bill]

 

Shopping at MR.DIY gave me an interesting stock idea - Karyon Industries Bhd.

 

I noticed disinfectants on the shelves and took a closer look:

Taking another closer look, the bottom of the logo stated “PUBLIC LISTED ON BURSA”.

So this got me wondering if Karyon is another Covid-19 thematic stock which is still under the radar of most investors, as was with RGTBHD (see my previous blog posts below).

- RGTBHD (9954), the newly discovered Covid-19 thematic play [$$bill]

(https://klse.i3investor.com/blogs/dollardollarbill/2020-05-21-story-h1507774981-RGTBHD_9954_the_newly_discovered_Covid_19_thematic_play_bill.jsp)

- RGT Bhd (RGTBHD 9554), riding on sanitiser dispenser demand caused by Covid-19 [$$bill]

(https://klse.i3investor.com/blogs/dollardollarbill/2020-06-01-story-h1507950107-RGTBHD_9554_riding_on_sanitiser_dispenser_demand_caused_by_Covid_19_bil.jsp)

 

 

 

The disinfectants are being sold in two versions: Ready-To-Use and Concentrate.

 

The active ingredients are recommended by agencies including The European Centre for Disease Prevention (ECDC) and Control and The National Environment Agency (NEA) of Singapore.

 

MR. D.I.Y. Trading Sdn Bhd is listed as the distributor on this label and they are selling the products online too. But these disinfectants are also directly sold on sites such as Lazada and Shopee. 

 

Fundamentally decent

Financially, the company is decent based on its recently released financial year ended 31 Mar 2020 (FY20) results

(https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3061688

 

Balance sheet is strong with RM41.7mil in cash against total borrowings of RM8.2mil. This puts it in a net cash position of RM33.5mil, which is 39% of its RM86mil market cap (475.7mil shares at 18sen share price).

 

Strong operating cash flow of RM15mil in FY20.

 

The company has been paying dividends in the past 10 years and more. Total dividends in FY20 was 0.45 sen. 

 

Karyon’s track record in the past 10 years seems decent as well. A summary of their track record can be seen on YAPSS YouTube channel which featured Karyon early this year:

 

Karyon Industries Berhad (KLSE) #RTable - CashRich Series


https://www.youtube.com/watch?v=aecrOoU0720

 

Moving forward, Karyon would be an interesting stock to monitor. 

 

Join my Telegram channel for updates @worthystocks 

https://t.me/worthystocks

 

#KARYON

 

Appendix:

 

 

 

Join my Telegram channel for updates @worthystocks 

https://t.me/worthystocks

 

#KARYON

 

Share this
Labels: KARYON

Related Stocks

Chart Stock Name Last Change Volume 
KARYON 0.205 +0.005 (2.50%) 2,065,900 

APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards
 
 

497  407  524  653 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ASB 0.175+0.005 
 KANGER 0.22-0.015 
 MUIIND 0.115-0.005 
 MTOUCHE 0.06-0.005 
 PHB 0.03+0.005 
 SAPNRG 0.105-0.005 
 CAREPLS 3.18+0.03 
 HLT 1.66-0.01 
 PARLO 0.40-0.15 
 PASUKGB 0.0750.00 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!

TOP ARTICLES

1. TOPGLOV (7113) - Top Glove spent RM 564,639,998.73 in September for Share Buyback !!! Good or Bad? Bursa Malaysia Free Trading Education
2. Top Glove Investment: Is the EPF trading or investing?- A Misconception Van Gogh of Financial
3. 顶级手套业绩超越Maybank!股价却没反应,因为有一样东西悄悄地发生了变化!(Part 1/4) Valuation on Glove Sector - 陈剑 Good Articles to Share
4. LCTITAN - ALL-TIME HIGH SALES VOLUME AT ELEVATED ASPS, AND... Jom & Terry
5. 'THE GREATER FOOL THEORY By Dr Neoh Soon Kean (Excerpts from STOCK MARKET INVESTMENT), Calvin Tan comments THE INVESTMENT APPROACH OF CALVIN TAN
6. (CHOIVO CAPITAL) LCTITAN (5284) Five Magic Words - Rising ASP’s, Falling Costs, Hurricane (or is it Butadiene?) Choivo Capital
7. 热门股:速柏玛 上挑RM8.99 南洋行家论股
8. (CHOIVO CAPITAL) LCTITAN (5284) - Rising ASP's, Falling Costs, Butadiene (Glove Proxy), Hurricane, Selling For Cash (A Summary) Choivo Capital
PARTNERS & BROKERS