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KLSE: KESM       KESM INDUSTRIES BHD
Last Price Avg Target Price   Upside/Downside Price Call
8.57 12.31     +3.74 (43.64%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
13/03/2019 8.00 7.60 -0.40 (5.00%) SELL KENANGA Price Target News
13/03/2019 8.00 9.15 +1.15 (14.38%) HOLD Affin Hwang Capital Price Target News
23/11/2018 9.70 10.20 +0.50 (5.15%) HOLD KENANGA Price Target News
23/11/2018 9.70 10.15 +0.45 (4.64%) HOLD Affin Hwang Capital Price Target News
24/09/2018 16.80 18.20 +1.40 (8.33%) HOLD KENANGA Price Target News
24/09/2018 16.80 18.55 +1.75 (10.42%) HOLD Affin Hwang Capital Price Target News


Price Target Research Article/News (past 6 months)
13/03/2019  KENANGA KESM Industries Bhd - Tighter Inventory Control
13/03/2019  Affin Hwang Capital KESM Industries - Possibly An Extended Inventory Correction
23/11/2018  KENANGA KESM Industries Bhd - Below Expectations
23/11/2018  Affin Hwang Capital KESM Industries - Inventory Issues Take a Toll
24/09/2018  KENANGA KESM Industries Bhd - Within Expectations
24/09/2018  Affin Hwang Capital KESM Industries - a Recovery in 4Q18, But Still Short



  7 people like this.
 
shareinvestor88 Limit down ?
12/03/2019 18:40
stanic88 Best prospect ever in latest qtr report lol
12/03/2019 18:59
nckcm Tomorrow confirm limit up !
12/03/2019 19:02
deMusangking limit up???? see below

https://klse.i3investor.com/financial/QoQ/quarter/9334/31-Jan-2019_2623092379.jsp
12/03/2019 19:11
shareinvestor88 Buy or sell ?
12/03/2019 19:37
12/03/2019 19:40
PotentialGhost Kesm ?? Boss what you say ??
12/03/2019 20:30
ZHAO gg
12/03/2019 20:42
value88 The earnings result for this stock is very bad. Sorry to say, sure lao sai tomorrow.
The prospect given by management also quite bad. Seems like the downturn of semiconductor industry will last for sometimes. It will get worse before it recovers.
12/03/2019 21:10
PHconman dont touch Tech stock as next qtr result will be very bad..
12/03/2019 21:40
shpg22 Holy moly. God bless the shareholders.
12/03/2019 21:50
shpg22 Downgrade to 4.50
12/03/2019 21:50
beso such a bad result,95.8% yoy,this time sure game over, limit down 3 days
12/03/2019 22:12
shareinvestor88 TP 2.0?
12/03/2019 22:30
ray1980 Next Qr could be more gg than this announced Qr.
12/03/2019 22:33
tan81 Cut loss !!!
12/03/2019 22:34
Hush77 Its already factored in and expected..
Ceo already say its temporary only.. next year maybe back to normal..
12/03/2019 22:36
nckcm One of the worst performers in tech sector. Something may be wrong with the management
12/03/2019 22:39
MikiMouse23 Better than expected result. Tomorrow probably will be the last chance to buy cheap
12/03/2019 23:21
MikiMouse23 tho personally i think its priced in already. but really hope got cheap sales tomorrow
12/03/2019 23:22
apple168 As mentioned earlier, tech bubbles!
13/03/2019 03:42
chamlo Limit down bec worse QR in 5 years?
13/03/2019 03:46
EatCoconutCanWin golden rules can't apply here. slow down in manufacturing will impact slowly. Osram and lumiled cut cost by reducing manpower. more and more company going to follow in 2019
13/03/2019 07:55
ray1980 Next QR must be see *Red(loss)*!!!
13/03/2019 08:25
430204813832245 Limit down
13/03/2019 08:48
MikiMouse23 Just managed to buy some :)
13/03/2019 09:06
commonsense 2Q19 result of only RM470k in profit shows how the business environment for the semiconductor industries has become more challenging. With global semiconductor sales to see a slowdown in growth in 2019 due to the downturn of demand for memory chip market (this can be confirmed by the decreasing price of SSD), investors need to expect that KESM will deliver similar small quarterly profit in 3Q and 4Q19 as well. Even if the company managed to deliver a profit of RM10mil in FY19 (3Q & 4Q19 average profit need to reach around RM3.5mil per quarter), At the current share price the company would have already been valued at a PE of 36x.

During the share price peak of around RM22 per share or RM950mil market cap and using the highest FY profit reached in FY18 or RM39.4mil, the company was valued at a PE of 24x. This is actually quite high for a company that is actually in the business of testing the semiconductor components (and not actually developing it themselves). That being said, the high PE was mainly attributed to investors believes that the more than 30% average annual growth rate from FY15 profit of only RM17mil to FY18 peak profit of RM39.4mil would continue in the future. When this failed to materialised, some investors decided to sell the shares. This shows the risk of investing in very high valuation companies. Investors need to make sure that the high valuation should always be compensated by a high growth in profit as well.

If you are looking to hedge your portfolio outside of Kesm (due to its weak earnings outlook and relatively high valuation), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.3x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.1x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.
13/03/2019 09:49
RainT already bad quarter result why still go to buy ?

really cannot understand ...lol
13/03/2019 09:52
NoStyle I guess they are hoping for an instant rebound. Based on fundamentals, the company looks intact, just lower profits for the quarter. Its not even a loss to begin with...
13/03/2019 10:43
TomHagen This recent bad quarter result is actually already been expected.
13/03/2019 10:58
MikiMouse23 Investors always look forward . Not the past. Why the selldown before the bad result came out. They are always ahead
13/03/2019 11:00
Hush77 i think its just an over reaction.. by next year when the earnings normalized, it will go up again..
13/03/2019 11:50
shpg22 That is what they want you to believe. But in reality the past is the key. Most stock valuation are based on past result. Future anyone can cooked up a story, past is fixed.

MikiMouse23 Investors always look forward . Not the past. Why the selldown before the bad result came out. They are always ahead.
13/03/2019 11:56
Hush77 aiyah.. anyway they have a few hundred million in cash...that alone is worth $4 to $5..and if asset included its probably around $8++...
right now is already $8++..... its priced at bomb up levels.... lol
13/03/2019 12:02
NoStyle huh? does that even translate into share price?
13/03/2019 14:33
MikiMouse23 Want me to believe on what? Just look at property counters. Crashed worse than any financial crisis even when they posted strong qr. High NTA now still no one wanna buy because the future is bleak. Do you even know what investing means? Its not just applying to stocks. Other sh1t as well
13/03/2019 14:45
Hush77 well pls don't buy kesm & if u have share u can sell.. nobody cares lol..
13/03/2019 16:11
Hush77 anyone manage to tangkap ikan at 8.00 this morning... now can sell at 8.60... cantik..
13/03/2019 16:21
Hush77 i tangkap some ikan.. this morning.. so adalah untung sikit sikit..
13/03/2019 18:13
shareinvestor88 sell tp 2
13/03/2019 23:03
Hush77 This counter can make few rounds..buy when it drop ... sell when it go back up..
Easy money..
13/03/2019 23:37
nckcm Currently The only companies in tech worth buying is Penta, Vitrox , and Vis . Dufu may suffer the fate like Unisem.
13/03/2019 23:46
James Ng https://klse.i3investor.com/blogs/general/197826.jsp
[转贴] [KESM INDUSTRIES BHD:由于内存市场低迷,加上美国和中国实施的关税增加的负面影响,以及全球经济的不确定性增加,预计2019年将出现放缓,半导体行业的广泛指数和全球增长指向疲软的势头] - James的股票投资James Share Investing
14/03/2019 12:33
RainT How about MPI & INARI ? Worth buying or not ?
14/03/2019 18:06
feimah https://www.thestar.com.my/business/business-news/2019/03/14/penang-factories-cut-jobs
14/03/2019 19:02
Alex™ PE 58.96....
16/03/2019 12:29
Hush77 PUBLISHED FRI, MAR 15 2019 • 2:57 AM EDT UPDATED FRI, MAR 15 2019 • 12:38 PM EDT
Chloe Taylor

European markets close week higher; chip makers best performers

Market focus is largely attuned to global trade developments, as sentiment improved on a report that more progress has been made in talks between the world’s two largest economies.
16/03/2019 12:50
VenFx Amazingly to kesm price resilent despite its horrible Q results ...
16/03/2019 13:30
Hush77 Well mkt is fwd looking and US and europe chipmakers shares are going up despite their not so good results as they expect US-china trade deal..
Kesm is impacted by trade war btw trump and china , so its customer become very cautious and order on demand rather than keeping an inventory...
Once a trade deal is reach btw donald duck and Xi jinping, customers may more aggresive
In inventory restocking , earnings may jump up again..anyway, kesm is trading close to its asset value..of around $8++
Its a chance to buy cheap if u believe by Q4 2019 or beyond, the profit will back to boom time..and semiconductor will be needed in all new cars and autonoumous vehicle...is the future..
Even its parent sunright is very cheap now...those with spare cash can shop now when prices are at peanuts level...
For some, this drop is what we hope for ..so can buy cheap... :>
16/03/2019 16:21
Chewhh01 KWAP is trading the KESM share. Short term Up or down of the share price largely depend on the business strategy of the KWAP on this KESM share. Hopefully they are positive on this share.
18/03/2019 10:40


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