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Overview
Financial Highlight
Headlines
Business Background Asdion Bhd is an investment holding company. It is primarily involved in the logistics businesses, commodity trading, and property development. The company also operates in software development and information and activities related to information and communication technologies. The group focuses on various sectors such as hospitality, recreational, supply chain logistics to data services related businesses. The group’s products include SOPRANO which provides customer loyalty and retention programs, AccLink which provides the financial solution to manage accounting needs of businesses, DATA SERVICES include total card supply chain, SONATA provides front office touch screen point of sales system and SYMPHONY, which connects hotel services. Majority of its revenue is generated from Malaysia.
  Huat1 Good chance next week as I notice that the funds/money started to flow in after the sell off 2 weeks ago 01/06/2018 17:25 Huat1 Currently the resistant is at 0.28 based on volume profile analysis. May surge quickly once 0.28 is breached as the upper resistant is less 01/06/2018 17:28  Investar2862 BRIGHT HOPE LTD (FKA GOOD UNITED LIMITED) on 04-Jun-2018 Ceased to be Substantial Shareholders after selling off its major stake... Once they finished selling most of their shares...still some selling today, I believe the price will spike. 05/06/2018 17:19 Huat1 Yes, soon... In fact today already started to move up but there are a lot of sellers but the stock were snapped up by the buyers. Buy rate today is 80.24% 05/06/2018 17:23 Huat1 Immediate target is 0.34...more than 10% potential profit. Then followed by0.415 08/06/2018 13:26  sonicverse KUALA LUMPUR (June 8): Asdion Bhd said today its 49%-owned associate Renox Stainless Steel Co Ltd has obtained the right to distribute automotive clean-in-place (CIP) equipment for the food and beverage industry in Indo-China for three years. In a filing with Bursa Malaysia, Asdion said Renox had yesterday entered into an agreement with Thai turnkey engineering solution firm Engisoul Co Ltd for the CIP equipment distributor right. Under the deal, Renox will receive US$100,000 per unit for each unit sold. "The contract is expected to contribute positively to the group's earnings and net assets per share for the financial year ending March 31, 2019," said Asdion. 09/06/2018 08:21 wuhu090 lapsap stock...they were cheating investor,plying dump and pump...price lock between 280-290 19/06/2018 15:51 commonsense Not sure what is so appealing about Asdion that there is still a lot of people willing to buy into the company shares. Those that are invested, can you provide the potential catalysts for the company to post better financial results in the future? The company has never been able to deliver any full year profit to its shareholder for the past 10 years. Even at the peak of its revenue of RM19.8mil recorded during FY16, it still recorded a core profit loss of RM4.4mil (after deducting impairment and gain on disposal of ppe). The 6m19 result also did not provide any confidence to management’s ability to help turnaround the company. Eventhough the revenue almost triple to RM7.2mil from RM2.5mil, losses have actually widen by almost 30% to -RM1.4mil from -RM1.1mil. In terms of balance sheet, investors should take note that the group has been very dependent on debt to fund its operations with free cash only at RM544k (the deposit of RM650k is pledged cash). Short term debt obligation is at RM1.4mil. If you are looking to diversify your portfolio outside of Asdion (due to the perceive weaker earnings outlook), 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 5.5x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x 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 launch of the new SUV in 1Q19 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 RM4.18. Good luck. 23/12/2018 12:36  |
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