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62 comment(s). Last comment by BigZakar at Aug 27, 2020 2:07 PM
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lai81533
971 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
576 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
474 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.


WangLingxin
45 posts

Posted by WangLingxin > Jan 14, 2019 10:02 AM | Report Abuse

wow thanks for the info


VenFx
13691 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
444 posts

Posted by dex > May 30, 2020 9:33 PM | Report Abuse

aigooo cheap buy. gonna drop even more


BigZakar
13 posts

Posted by BigZakar > Aug 27, 2020 2:07 PM | Report Abuse

Good quality lingerie, better than caely

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