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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.
  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 WallStreetInsider They are active in market, have thrown offers at a few private firms I know, potential catalysts for stock price 08/10/2019 9:00 AM Armada An Quantum Leap Stock In 2019/2020 Another silent stock Traded dam low at 0.455 16/10/2019 10:15 AM Kelvinvest Research Qtr 3 Make good profit, top and bottom line improve a lot from both Singapore and Malaysia project. 15/11/2019 10:09 AM mk00001 Willowglen MSC Bhd’s net profit for the third quarter ended Sept 30, 2019 (3QFY19) expanded 30.6% year-on-year (y-o-y) to RM3.24 million from RM2.48 million previously, on the back of higher profit margins. In a bourse filing, the group announced that earnings per share (EPS) also grew to 0.66 sen from 0.55 sen previously. 22/11/2019 3:58 PM Armada An Quantum Leap Stock In 2019/2020 i have high hope for willow to break $0.520-0.690 post feb'2020 23/11/2019 1:14 PM Victor Yong FOR THOSE INTERESTED IN WILLOWGLEN, CONSIDER UNDERVALUED OSKVI ALSO :) OSKVI will report a profitable quarter soon, selling willowglen shares continuously. still own more than 14% + of willowglen :) willowglen share price has risen a lot. Tuesday, 10 Dec 2019 5:10PM WILLOW OSK VENTURES INTERNATIONAL BERHAD (111,700 units Disposed) Thursday, 5 Dec 2019 5:52PM WILLOW OSK VENTURES INTERNATIONAL BERHAD (200,000 units Disposed) Friday, 29 Nov 2019 5:18PM WILLOW OSK VENTURES INTERNATIONAL BERHAD (1,041,800 units Disposed) Tuesday, 26 Nov 2019 5:29PM WILLOW OSK VENTURES INTERNATIONAL BERHAD (5,100,000 units Disposed) Friday, 15 Nov 2019 5:19PM WILLOW Nine-month net profit 11.086 million (increased 50.89%) 5:19PM WILLOW OSK VENTURES INTERNATIONAL BERHAD (464,100 units Disposed) Friday, 25 Oct 2019 5:31PM WILLOW OSK VENTURES INTERNATIONAL BERHAD (250,000 units Disposed) 0008 WILLOW WILLOWGLEN MSC BHD Changes in Sub. S-hldr's Int (Section 138 of CA 2016) Particulars of Shareholder 36 Name : OSK VENTURES INTERNATIONAL BERHAD NRIC/Passport No./Company No. : 200301033696 (6361 Nationality/Country of Incorporation : Malaysia Address: 21st Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur Wilayah PersekutuanMalaysia Descriptions (Class and Nominal Value): Ordinary Shares Name and Address of Registered Holder: You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com Details of Changes Date of Notice : 10/12/2019 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 06/12/2019 Disposed 111,700 - Circumstances by reason of which change has occurred: Disposal of shares in the open market Nature of Interest: Indirect Interest Consideration: No of Shares Held After Changes: Direct : 0 shares (0.0000%) Indirect/Deemed Interest : 69,723,974 shares (14.3290%) Total : 69,723,974 shares Remarks: You are advised to read the entire contents of the announcement orattachment. To read the entire contents of the announcement or attachment,please access the Bursa website at http://www.bursamalaysia.com Submitted By: 10/12/2019 07:00 AM 13/12/2019 9:12 AM Victor Yong :) Market Cap: 255 Million NOSH: 496 Million Avg Volume (4 weeks): 1,288,155 4 Weeks Range: 0.43 - 0.525 4 Weeks Price Volatility (%): 98.10% 52 Weeks Range: 0.325 - 0.525 52 Weeks Price Volatility (%): 98.10% 13/12/2019 9:24 AM john doe Should also think of got selling must have buying... Who is willing to take at higher and higher prices? besi buruk or gem?? 06/01/2020 9:42 PM bursatrader2018 who do you think is buying then ? Who could be just short-term play because someone want to cash out. What is the future prospects of this business, could be more helpful, if dont want to get stuck, once buying stop n volume dry up, a common trait of OSK-related ctrs 06/01/2020 10:16 PM Maria18 Trend: Bullish Rst: 0.60 Spp: 0.555 Bullish engulfing candle pushed the stock above upper BB with the facilitate of MACD bullish crossover, more upside to unlock. For Undervalue stocks updates , analysis and Intraday signals Telegram at @twaves1 07/01/2020 2:40 AM  teoh1993 https://www.chinapress.com.my/20200105/%e6%9c%aa%e6%9d%a510%e5%b9%b4%e5%bf%85%e4%b9%b0%e8%82%a1%e6%9c%89%e5%93%aa%e4%ba%9b%ef%bc%9f/ 07/01/2020 11:40 AM dusti I don’t read CHINESE but I presume the message is Willow is going to ZOOM. Am I right? 10/01/2020 3:31 PM WY Chan there is still a lot of volume with OSK..... so don't expect much.... juz hope more goreng or new investor..... can juz forget for the time being..... 15/01/2020 10:43 AM bursatrader2018 volume drying up ,follow OSKVI,...if stuck can still enjoy "paper gains" at leisure... 15/01/2020 8:52 PM  |
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