Highlights
KLSE: DIGISTA (0029)       DIGISTAR CORPORATION BHD MAIN : Technology
Last Price Today's Change   Day's Range   Trading Volume
0.04   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 26 Million
NOSH: 658 Million
Avg Volume (4 weeks):238,605
4 Weeks Range:0.035 - 0.045
4 Weeks Price Volatility (%):
88.89%
52 Weeks Range:0.035 - 0.06
52 Weeks Price Volatility (%):
66.67%
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2019 [#4]  |  29-Nov-2019
Next QR | Est. Ann. Date: 31-Dec-2019  |  27-Feb-2020
T4Q P/E | EY: -7.99  |  -12.52%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.09  |  0.44
T4Q NP Margin | ROE: -2.59%  |  -5.56%

Headlines



No recent Headlines for this stock.


Business Background

Digistar Corp Bhd engages in the design, supply, installation, and integration of information technology and telecommunications systems; and provision of broadcast engineering services. Through its subsidiaries, it operates through the following segments: Systems Integration; Trading; Maintenance Income; Investment Holding; Concession; Central Security Monitoring Services; Rental; Property Development; and Hotel Management of which Concession segment accounts for a majority of revenue. Its Concession segment involves the concession arrangement between the Group and Government of Malaysia for the privatization of the design, development, construction, and completion of the Facilities and Infrastructure for Jabatan Kerja Raya.
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  6 people like this.
 
Johnchew Ho ho moneykj n hunger4money r here begging for help
25/08/2019 5:37 AM
freddiehero wah lau.. so cheap..
04/09/2019 8:41 AM
Albukhary hahahahahahaha. Huge debt company...
Digistar boss is laughing at you....
That why no everyone understand how capital market work...
That why a lot of ordinary accountant are still a ordinary accountant after working 20 years
07/09/2019 6:18 PM
freddiehero they loss contact since 2017. no any update.. honeymoon
08/09/2019 1:50 PM
Albukhary DIGISTAR is the only Main Board Technology Counter that share price maintain at 52 weeks lowest. while other all hitting 52 weeks high.

Malaysia still got many good technology company that haven't listed, hope one day one of them can takeover DIgistar and perform back door listing.

In Hong Kong, a listed company shell in Hong Kong Stock Exchange main board can worth HKD600-700mil, in Malaysia, If Digistar shell can worth RM60-70mil will be jackpot d.
03/11/2019 6:07 PM
Sanatan What happened ? Revenue were abt 40 to 50 mill per quarter in 2016 and earlier. Now dropped to abt 10 to 15 mill per quarter. The management have failed to arrest this decline. They should all wake up.
06/11/2019 9:12 AM
Albukhary I see hope, did you see?
29/11/2019 6:53 PM
Lam John No much hope. Only hope they will goreng before close shop
02/12/2019 8:17 AM
lchits Albukhary
I can't see leh
Do you mind sharing
02/12/2019 9:46 AM
lchits Buy apartments for what purpose anyway
02/12/2019 3:40 PM
Albukhary lchits, not buy apartment, previous the apartment was build by Digistar, and sold to someone d.. however, donno the SPA was terminated, that why have to cancel the sales, and take back the apartment.
03/12/2019 5:47 PM
Albukhary I see hope is because :-

1) The inventory (service apartment) has been re-classified as Property, because no point they always put the unsold service apartment as inventory, as those apartment already converted to Hotel, it is not for sale anymore.

2) Cash flow improved a lot.

3) Operating expenses reduced

4) Company has settled RM85mil bond so far, so interest saving is around RM4mil per year
Next year company will settled another RM20mil... The more bond settle, the lower finance cost, then company can start to make profit.

5) with current valuation of RM26Mil, this company own a hotel, few plot land in Melaka, corporate building in Ampang, plus a concession business that can generate RM3mil cash flow per month for 15 years.

6) Widad Group is aggresively looking for concession business, and recently they just acquired Menang Corp UiTM concession business, high chances they are approaching Digistar for its JKR Building concession as well.


If this stock price is at RM0.15 now, then I will not recommend to buy.

But now the price is RM0.04, so I think it is a value buy.
03/12/2019 6:01 PM
lchits I can't get how would it benefits digista if the sales was cancelled
03/12/2019 6:28 PM
Albukhary The Board of Directors of DIGISTAR wishes to announce that SPSB had entered into a Conditional
Sale and Purchase Agreement (“SPA”) with YAYASAN DMDI (Company No. 836195-M)
(“Vendor”) for the proposed acquisition of Seven (7) Units Of 2 Bedroom Apartment And Thirty
Three (33) Units Of Studio Room With Kitchenette In The Condotel (“the said Properties”), which
are located at Kawasan Bandar XXVII, District of Melaka Tengah, for a total consideration of
Ringgit Malaysia Eight Million And Eight Hundred Thousand (RM8,800,000.00) ("PROPOSED
ACQUISITION").

I think this is a good deal, as the purchase price is very very very nice.
08/12/2019 11:24 PM
Peter2357 digistar a forgotten stock who was once considered a gem
Selected in Forbes Asia Best 500 below 1Billion in 2012.
Top 30 shareholders including Gan Seong Liam Secret Recipe Cakes n Cafe S/B n Star Heritage Dev S/B
NTA 9cts
16/12/2019 11:47 AM
Albukhary Sleeping beauty... once she wake up, she will stand higher than anyone.
My wild target is 40sen.
19/12/2019 12:39 AM
BILLC Please don’t praise this cap ayam counter like top grade company,,,else it’s share price won’t drop to 4 sen,,,,,
19/12/2019 12:51 AM
Albukhary Haha... Cap Ayam will become Ayam Brand 1 day.
19/12/2019 1:21 AM
lchits Why they can't even secure CCTV security project from government??
Panther 911 team sleeping ??
31/12/2019 12:56 PM
Albukhary Frankly speaking, the Panther 911 system is quite a lousy system.
Please don't put hope into the CCTV system.

For Digistar, now we can only put hope on its concession business, and the hotel business.
Possible catalyst could be;-

1) Some company offer to buy their concession business
2) Digistar secure new concession business
3) Some company want to buy its hotel property
4) Being acquire by other company for backdoor listing
01/01/2020 11:54 PM
Albukhary Year 2020 is visit Malaysia year.
Melaka is one of the top visit place in Malaysia.
DIgistar Hotel in Melaka is one of the most convenience hotel in Melaka, u can walk to Dataran Pahlawan within 100 footstep.

RM0.040 will be the lowest price for Digistar, and the highest could be above RM0.20.

You buy now, every 1 cent increase mean 25% profit.
02/01/2020 5:45 PM
firehawk Mejor Lee become a VVIP (very Very Impotent Person) .... due to every time also half past six, DYMM Sultan Malacca confered him the title .....
03/01/2020 9:19 AM
firehawk when conferred VVIP to Major Lee, His majesty said,"u are worse than Cheng Ho ... worse than no banana pondan ....."
04/01/2020 12:22 AM
Kean Leong Wong Hi Albukhary, you have a very good understanding on digistar. Indeed I have the same mindset like you on how do speculate on digistar at 0.04. Yes 1sen gain is 25%, it is not so difficult if the stock is in play. This is valid bet as we can see all the top volume stocks are penny stocks. Whether it remain sleeping or not is the question we should ask. And i believe you have list down 4 possibilities:
-1) Some company offer to buy their concession business-->i think possible, but unlikely to get it done as the major shareholder is not willing to sell?

2) Digistar secure new concession business --> no news lead yet

3) Some company want to buy its hotel property--> it's true, it can be. BUt unlikely also. Why would he sell?

4) Being acquire by other company for backdoor listing--> OR WE MAY THINK IT'S A HOSTILE TAKE OVER?....LET'S SEE WHY IT IS POSSIBLE!
17/01/2020 11:21 AM
Kean Leong Wong 1. at 4sen, the whole co. market cap is RM26m,
2. major shareholder hold around 22%, which is RM5.72m ONLY
3. a private equity fund, or a few high networth individuals with the fund size of RM20+ would be able to buy 50% shareholdings or more and maybe trigger the MGO at 33% first.
4. I expect the major shareholder will not dare to sell down his stake if there is any buyer offer below the NTA.
5. digistar able to borrow in bond RM280m, can it be worth so little at RM26m now?
6. Digistar, a co. with concession and hotel business is so cheap, why there is no risk taker to take control? (i hold digistar share)
17/01/2020 11:34 AM
lchits With 20m can own a public listing company and then appoint the whole family as co.director with 2-3m pay annually
Correct arr??
17/01/2020 5:42 PM
michaeso I just bought the shares recently a heard news on this shares.
18/01/2020 9:45 PM
michaeso What's about you guys. Any news on......
18/01/2020 9:46 PM
Albukhary Share something valuable information with you guys:-

Published on 07 Jan 2020.

RAM Ratings has reaffirmed the AA1/Stable rating of Indera Persada Sdn Bhd’s (the Company) RM280 mil Fixed Rate Serial Bonds (2013/2028) (the Bonds). The reaffirmation is premised on the receipt of stable and adequate concession payments to service the Company’s financial obligations under the Bonds. Based on a steady inflow of Availability Charges (ACs), the Company’s debt service cover ratio (DSCR) is expected to come up to at least 1.51 times (with cash balances, post-distribution on payment months) throughout the tenure of the Bonds. This is despite RAM’s stress-test assumptions of delays in monthly and lump-sum payments from the Public Works Department (PWD).

Indera Persada is a single-purpose company set up to undertake the development of and provide asset-management services to the Centre of Excellence in Engineering and Technology (CREaTE) in Malacca, under an 18-year Concession Agreement (CA) with the Government of Malaysia (GoM) dated 18 March 2013. In return for the construction of CREaTE, the Company will be entitled to receive a highly predictable stream of monthly Availability Charges (ACs) and Maintenance Service Charges (MSCs) from the PWD, commencing September 2016 for the next 15 years.

We have assumed that MSCs will be fully utilised to support operational expenses while ACs will be the sole source of repayment for the Bonds. The level of counterparty risk faced by Indera Persada is deemed low as the ultimate obligor of monthly concession payments is the GoM via the PWD. Notably, the rating is moderated by the risk of delays in the receipt of monthly ACs. In 2019, payments of ACs by the PWD have mostly been prompt, i.e. within 30-45 days from the date of invoice. On the other hand, payment of MSCs has ranged around 60-90 days due to administrative issues.
19/01/2020 2:28 PM
Albukhary Many outsider not familiar with Digistar will skip this counter when they saw it making losses and having huge debt (*their mind thinking is WTF, a small company with market cap Rm26mil have RM280mil loan, sure this company going to bankrupt soon, PN17 soon...)

However, as a businessman on my own, I know it is how difficult to borrow money from bank, or raise fund from institution investor. But Digistar did it, its bond get AA1 rating, which is one of the highest grade, the highest the grade, mean this bond is very safe, mean this company cash flow is very strong, very very unlikely will have loan default.

Beside that, if you look at those institution investor who invest in the bond, they are Great Eastern, EPF, and some other unit trust company. All these are professional, they wont take risk to buy a company bond that is going to bankrupt soon.

All i can share is as above, I cannot said Digistar is a good company, but what I can said is at the price of 4 sen or 4.5sen, this is a very very valuable buy, and you risk is very very low, as its bond is having AA1 rate.
19/01/2020 2:35 PM
Albukhary I hope my above sharing wont caused the stock go up to 6-7 sen, as I still hope I can collect more at 4 sen.
19/01/2020 2:36 PM
Albukhary @Kean Leong Wong, there are still many many possibility for Digistar to move on, such as:-

1) Someone with big title appointed as Director of the company
2) MoU with big MNC on some big project

If you look at the TA chart, the share price is at the bottom d, as long as volume come, and share price breakout 7sen, then very soon it will surge above 10sen
19/01/2020 2:42 PM
Kean Leong Wong Albukhary , about your point of view on digistar being a RM26m co. can borrow RM280m, I fully agree and the rating agency is trustable benchmark to look at a co.
1) Someone with big title appointed as Director of the company:- I think this will help a bit if the perosn is well connected or reputable in the industry. But this is no the truth type of bet a speculator/investor shoudl look at. For example, vivocom appoint CKC as new shareholder doesnt necessary bring good to co. ...and it takes time for thing to materialise? for speculation, we need speed, and fast return?...

2) MoU with big MNC on some big project :- lots of co like ARBB has lots of MOU with many co. an dmany project, but things like this is only if the "interested parties" wanted to play the share up or down?...and we dont see this on digistar for the past 5 years or more..so we can forget about it!.....
i think i can more agree on:==

lchits With 20m can own a public listing company and then appoint the whole family as co.director with 2-3m pay annually
Correct arr??

correct.....but if there is a private equity fund size around RM20+, and the major shareholder doesnt hold any unpublished share, a hostile buy out will mess his up....


even an individual who has net worth of RM1.5m will be able to challenge him in AGM/EGM to block most resoulutions. Why?... simple methematic; market cap RM26m *5% =RM1.3m
will becomes 5% individual holding. If this person able to partner with another freind who has RM1.5 to buy another 5% will bring in total 10%, and then we will wathc the show in AGM/EGM to remove those unecessary people as director? this is the logic, and we have seem in many companies, but will this helps?....

can we imagine how naive is malaysia investors, or how come no risk taking investor who aim this type of compnay whereby the major shareholder not even hold more than 30% in a co....why would he drive the whole co. ? is there no capable people in malaysia?
19/01/2020 3:45 PM
lchits Still loads people are willing to sell at lowest 4cts
Al Bukhara
You can collect as many as you can
No worries
20/01/2020 5:32 PM
firehawk yes! can easily get @0.04, just don't understand why hv to worry!
20/01/2020 10:05 PM
Kean Leong Wong everyone can take a look at digistar-w expire in 3yrs, exercise price 0.26, there is a queue to buy at 0.015 / 4million share everyday...and there were trasaction at 0.02 most of the time....think again who say no risk taking investor?....see, if you buy warrants, hold 3years alos nothing happend, it will beocmes zero.....better buy mother!
21/01/2020 10:44 AM
Kean Leong Wong Mejar (K) Datuk Wira Lee Wah Chong, a Malaysian aged 60, was appointed as the Managing Director of the Company on
18 August 2003. He is also a member of the Remuneration Committee. He graduated with a Diploma in Electronic Engineering
from the Federal Institute of Technology in 1982. He continued to enhance his technical knowledge by attending courses on
advanced system applications in the United States of America. He is the founder of Digistar Group which started as an audio
visual system provider in 1982 which expanded to a total solution provider in design, supply, installation and integration of
information technology infrastructure, tele-conferencing, local area networks, interactive media management systems, radio
and television news automation, telecommunication systems, integrated audio and visual systems and other related electronic
systems. As the Managing Director of the Group, Mejar (K) Datuk Wira Lee has been the main driving force of the Group since
1982. His sound technical background and management skills have taken the Group to the forefront of the system integration
industry.
He also sits on the Board of Directors of various other private companies and does not have any directorship in other public
companies.
He has no conflict of interest with the Company, and he has no conviction for any offences (except for traffic offences, if any)
within past ten years.
His sister, Ms Lee Mey Ling, his daughter, Ms Lee Jin Jean and his son, Mr Lee Chun Szen are members of the Board.
Mejar (K) Datuk Wira Lee Wah Chong attended five (5) out of six (6) Board of Directors’ Meeting held during the financial
year ended 30 September 2018.




i wonder how people surrounding look at him in CNY gathering?...normal human behaviou tells an indiividual want people to give some respect?...but when people asked how come digistar a 4sen co.? I am sure he answer this way:- "i focus on business, not share price"....but people look down on him?....you be the judge!.....at least the banks dont look down on him..bank still lend him money!...aiyah....4en share is a shame somehow....some more whole family also on board!... as a shareholders=, we want business and also share price good, right?
21/01/2020 10:51 AM
DickyMe How do you expect a person involved in security to have business sense? Their ego is bigger than elephant's balls.
21/01/2020 10:53 AM
Kean Leong Wong doesnt anyone know human psycology, at 4sen people still sell...but if 6sen, people buy?!! even at 20sen, people buy...people buy because of HOPE, if there is no hope, no dream, people wont do anything...take a look at most active penny stocks, people buy even the pric eis up 100%...people buy beacuse of volume is there, because there is movementum, because they feel that they can SEE the price moving up...even all these is not real, people still do, because this is HUMAN NATURE OF GREED
21/01/2020 10:56 AM
lchits Again 20% private placement
21/01/2020 7:07 PM
lchits At 4cts how to raise funds by private placement
21/01/2020 7:08 PM
Albukhary Lchits, you see, the Datuk Wira proposed private place for his ownself.
So smart this Datuk, he knew the company is undervalue, if he want to but more share from market, the share price sure go up one. So he proposed private placement for his ownself, then he can acquired additional 10% with historical lowest price. Then another 10% place to his proxies, so total he can acquired 20% additional share at very very very low price.
22/01/2020 1:02 AM
Albukhary If this is a lousy company that will bankrupt soon, impossible Datuk want to private placement for his ownself.
22/01/2020 1:03 AM
firehawk Major will buy at the price lower than 4sen ... ha ha ha
22/01/2020 7:41 AM
DickyMe "Kean Leong Wong doesnt anyone know human psycology, at 4sen people still sell...but if 6sen, people buy?!! even at 20sen, people buy...people buy because of HOPE, if there is no hope, no dream, people wont do anything...take a look at most active penny stocks, people buy even the pric eis up 100%...people buy beacuse of volume is there, because there is movementum, because they feel that they can SEE the price moving up...even all these is not real, people still do, because this is HUMAN NATURE OF GREED
21/01/2020 10:56 AM"

"people buy beacuse of volume is there"

What volume you talking about? Hardly trades 0.001% of total shares. What that means 99.999% is not traded. Nobody interested! LOL
22/01/2020 2:41 PM
Albukhary Is it any chances normal individual investor like us can buy private placement?
Anyone familiar with Private Placement can advise what is the procedure to participate in private placement?
22/01/2020 6:59 PM
lchits Plenty of 4cts in market
Not much different anyway la
22/01/2020 9:35 PM
lchits Manage to grab 0.35 today
WTF
22/01/2020 9:36 PM
michaeso Good luck to you all
22/01/2020 10:48 PM
michaeso Grab as much as you can.............
22/01/2020 10:50 PM


 

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