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Overview
Financial Highlight
Headlines
Business Background Willowglen MSC Bhd is principally engaged in the research, development, and supply of computer-based control systems. Its service line consists of supervisory control and data acquisition, integrated security and information communication solutions. The company classifies its business in the various geographical segment that are Singapore, which design, supply, engineering, implementation and maintenance of computer-based control systems; Indonesia, which is involved in trading, hardware, and software consulting services; Malaysia; and Others, which is an investment holding. The Singapore geographical segment generates maximum revenue for the company. Contract revenue generates maximum income for the company.
  hatson China will cut the tariff to around 13.8%, the Ministry said, from the current level of 25%, while reducing the levy on imported car parts to 6% from 10%, in an effort to open the market further to foreign competition. The reductions will take effect on July 1, the Ministry said in a statement.. Automotive semiconductor stocks - MPI and Kesm 23/05/2018 8:42 AM AncoraImparo3168 Willowglen share price has dropped quite a bit since the bonus issue. About 46 sen now. 12/09/2018 1:41 PM hello0309 www.theedgemarkets.com/article/willowglen-bags-rm13936m-contract-gemasjb-electrified-railway-project 08/10/2018 9:43 AM commonsense The profit of only RM11.1mil in FY18 is a fall of more than 40% from what the company managed to achieve a year ago (FY17 profit was at RM18.7mil). At the current share price, the company is being valued at more than 20x PE which is relatively high given the negative growth of profit. Future growth of the company will still be driven by its SCADA solution which in the long run should bode well for the company. The company focus in cyber security solution could also be a growth potential for the company. However, investors might need to be a bit more patient for the company to churn out the expected profit growth. I doubt that substantial profit growth can be achieve in 2019. If you are looking to diversify your portfolio outside of Willowglen (due to its 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 6.4x 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 which will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well). Given the very good result in 4Q18, the company is expected to achieve a profit of RM200mil for the full year of 2019. At the current share price, the company is being valued at a very low PE of only 5.3x 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. 02/03/2019 9:46 PM investor8888 OTHERS | http://www.klsescreener.com/v2/announcements/view/29040960 25/04/2019 11:35 PM  Armada An Quantum Leap Stock In 2019/2020 Willow not a bad laggard play WACTH IT OUT ! 08/05/2019 11:13 AM Armada An Quantum Leap Stock In 2019/2020 Anyone can help Show Work Order Value todate ? 03/07/2019 4:06 PM Young Money read carefully the performance review, you will get some clue why to buy this counter. gemas project revenue yet to be recognise, once it book in it will be around 15 mil each quarter, and singapore utility board new contract around 5 mil each quarter. Willow successfully get contract renewal from tnb which already expired in mar19. 26/07/2019 8:33 AM Steve Ooi Malaysia Project 05 Oct 2018 Double Track Project secure in Oct18 yet to recognize as at 31 Mar 2019, ave revenue/quarter around MYR15mil(Progress claim) 02 Apr 2019 TNB contract ended on 14 Mar 2019, here the contract renewal for another 3 years. (Total contract sum MYR10mil) Singapore Project 04 Dec 2018 SCADA & RFID System for Tunnel Revenue will recognize in 2nd & 3rd quarter. (Total contract sum MYR14mil) 24 Apr 2019 Replacement of SCADA from SG Public Utilities Board with contract sum MYR60mil(Progress Claim) 9 May 2019. Remote Terminal Maintenance MYR9mil for 3 year. 19 Aug 2019 Commisioning ISSS MYR6mil 2years 5 month. Above is the lists of one off contract secured by Willowglen recently, plus their recurring maintenance contract. Coming quarter and bottom line will shows some improvement. QTR 1 19 "Revenue of the Malaysia operations has reduced as many of the projects on hand are either at the early stage of implementation or end of completion stage where income recognition from projects is low. "This indirectly refer to TNB & Gemas project". Plus Willowglen may benefit if RTS continue. 20/08/2019 8:28 PM Armada An Quantum Leap Stock In 2019/2020 Thx steve ooi, for the Work orders update. Hope to see more contracts secured for willow. Any furthur dip below 0.400 deemed a bargain offer. However, it is rather safe to wacth for another qtr result 10/09/2019 7:09 PM  |
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