lai81533 
977 posts |  Posted by lai81533 > Sep 5, 2015 4:15 PM | Report Abuse
After physical inspection during shopping noted their business is not good. Better stop invest this counter. |
nice1
819 posts | Posted by nice1 > Sep 5, 2015 5:41 PM | Report Abuse sales is going down but debts still high |
richman_chua
204 posts | Posted by richman_chua > Dec 13, 2015 10:15 AM | Post removed. Why? |
ViWizard
584 posts | Posted by ViWizard > Jul 17, 2016 7:11 PM | Report Abuse wow magic stock hancur |
TF Tan
290 posts | Posted by TF Tan > Oct 6, 2016 5:46 PM | Report Abuse as u said is magic, bagi dia masa sikit untuk sembuh ... |
fatalerror
8 posts | Posted by fatalerror > Oct 10, 2016 11:03 PM | Report Abuse They are trying to close some of the branches...my friend lend a shop to them now they are trying to move out... |
OMR@obm_4558
130 posts | Posted by OMR@obm_4558 > Dec 17, 2017 11:18 AM | Report Abuse Apa dah jadi...
Any news????.... |
commonsense
490 posts | Posted by commonsense > Jan 14, 2019 10:01 AM | Report Abuse Hi OMR,
The company’s financial performance reflects the challenging market environment faced by the retail apparel industry especially with the fast-growing threat from the online businesses (for Malaysia it has to be Lazada who is backed by Alibaba). Asia Brand has been making big losses for the past 3 financial years (from FY16 to FY18). 1H19 showed some improvement (profit of RM2.4mil) but is still far from the company’s glory days when it managed to record a profit of RM28mil in FY14. Assuming the company managed to reach a profit of RM5mil in FY19, at the current share price it is still being valued at roughly 17.6x PE.
Bigger issue consists of its balance sheet where as of Sept 18 it has a total debt of more than RM100mil (of which most of it needs to be settled in 12 months) and only RM6.7mil cash. The right issue had only managed to increase the cash balance to RM47mil which means that the company still need to raised some more capital in order to pay its debt. Another way is for the company to refinance the debt but given the increasing interest rate trends, it would mean that the company will have to pay higher interest rate in the future.
A big portion of the company’s assets are actually in the form of intangibles (brands) and goodwill. Total net tangible asset (after right issue) should be around RM30mil only or RM0.13 per share. This would mean that the company is currently trading at a high of almost 3x PB.
If you are looking to diversify your portfolio outside of Asia Brands (due to weak earnings growth and weak balance sheet) I would recommend you to look at MBMR.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.5x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.
For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV and also the new Alza in 2H19.
Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.
Good luck. |
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WangLingxin
45 posts | Posted by WangLingxin > Jan 14, 2019 10:02 AM | Report Abuse wow thanks for the info |
VenFx
14256 posts | Posted by VenFx > Aug 26, 2019 12:12 PM | Report Abuse Hahaha
commonsense, what a good way in promoting other counter in other threads.
As long as its a quality infos & fact.
I can accepts that.
Thanks bro |
dex
475 posts | Posted by dex > May 30, 2020 9:33 PM | Report Abuse aigooo cheap buy. gonna drop even more |
BigZakar
75 posts | Posted by BigZakar > Aug 27, 2020 2:07 PM | Report Abuse Good quality lingerie, better than caely |
Bolihkid
11 posts | Posted by Bolihkid > Nov 22, 2020 2:33 AM | Report Abuse Great results. With Anakku won't go wrong |
Abdulhamid
562 posts | Posted by Abdulhamid > Nov 23, 2020 3:22 PM | Report Abuse Limit up..wow |
Yu_and_Mee
2254 posts | Posted by Yu_and_Mee > Nov 23, 2020 5:08 PM | Report Abuse This company has name changed? |
Bolihkid
11 posts | Posted by Bolihkid > Nov 24, 2020 9:35 AM | Report Abuse Anakku and Audrey belongs to Asia Brands |
HorseyKL
21 posts | Posted by HorseyKL > Nov 24, 2020 10:34 AM | Report Abuse Yu_and Mee last time used to be Hing Yap. |
HorseyKL
21 posts | Posted by HorseyKL > Nov 24, 2020 10:42 AM | Report Abuse ATP 1,27, Go Go Go...Huat ah |
Yu_and_Mee
2254 posts | Posted by Yu_and_Mee > Nov 24, 2020 1:56 PM | Report Abuse Hing Yap, never heard before. Anyway, thanks, @HorseyKL |
whizzkid
1067 posts | Posted by whizzkid > Nov 25, 2020 9:35 AM | Report Abuse why cannot sell today? |
