Highlights
KLSE: STRAITS (0080)       STRAITS INTER LOGISTICS BHD ACE : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
0.225   +0.005 (2.27%)  0.215 - 0.225  166,700
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Overview

Market Cap: 126 Million
NOSH: 560 Million
Avg Volume (4 weeks):183,252
4 Weeks Range:0.215 - 0.23
4 Weeks Price Volatility (%):
66.67%
52 Weeks Range:0.21 - 0.285
52 Weeks Price Volatility (%):
20.00%
Average Price Target: 0.38
Price Target Upside/Downside: +0.155

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  28-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  26-Feb-2019
T4Q P/E | EY: 41.15  |  2.43%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.165  |  1.36
T4Q NP Margin | ROE: 1.55%  |  3.31%

Headlines

Date Subject
27-Dec-2018 Review of Top 10 Stock Picks for 2018 - The Edge
06-Dec-2018 Mplus Market Pulse - 06 Dec 2018
12-Nov-2018 PublicInvest Research Headlines - 12 Nov 2018
16-Jul-2018 无溢价交易 大马海峡物流WA回酬胜母股/温世麟硕士
11-Jun-2018 Straits Inter Logistics Bhd - Malaysia's largest bunkering co
08-Jun-2018 Mplus Market Pulse - 8 Jun 2018
08-Jun-2018 PublicInvest Research Headlines - 8 Jun 2018
09-Apr-2018 M+ Online Technical Focus - 9 Apr 2018

Business Background

Straits Inter Logistics Bhd is a Malaysia based investment holding company engaged in the oil trading and bunkering business. Through its subsidiaries, the firm provides bunkering services to organizations with marine-based operations that operate ocean faring vessels, as well as offshore structures such as those used for exploration and production activities in the oil and gas industry. In addition, the group is also involved in trading oil-related products. The organization also provides consultancy services. All the operations of the company are carried out in Malaysia.
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  6 people like this.
 
LIMLIM Can anyone advice should I cut loss or just keep it? Average price. 0.25
19/09/2018 06:54
Gavern Wong 收购柴油供应商 海峡物流明年营收可破4亿 - http://www.orientaldaily.com.my/index.php/s/260258 (Share from StockHunter)

any comments ?
19/09/2018 08:47
PW888 MD comment in the latest EGM on the soon to be acquired co "实际上,Tumpuan Megah发展的订单接应不暇,甚至必须婉拒一些订单."
So, what more can we say about the prospect of the co
20/09/2018 21:17
klugman very very bright
20/09/2018 22:40
Jasper Coo All stocks are green today.we may see minimal growth. Worth to invest
21/09/2018 10:42
elmo888 http://www.theedgemarkets.com/article/og-stocks-spotlight-oil-price-breaches-us80
26/09/2018 13:24
elmo888 Vincent Lau, vice-president of research at Rakuten Trade Sdn Bhd, noted that the market has turned bullish on the O&G sector following the rebound in prices after a lacklustre performance over the last few years. “The market has turned bullish on the O&G industry as the oil price breached the US$80 per barrel level with Opec and non-Opec states rebuffing Trump’s demand for a move to cool the market.

“It’ll take time for the higher oil price to translate into higher earnings for the O&G-related players but it should translate into more work orders, which will be beneficial to the industry,” he said. He pointed out that laggards in the industry such as Straits Inter Logistics Bhd, an oil trading and bunkering company, could benefit from the return of investors’ interest in the industry.
26/09/2018 22:00
jaystarmaster ya pumped quite a big amount on this stocks... hope will boom soon
04/10/2018 19:09
jingming8154 any comment on this stock ?
26/10/2018 16:22
trader18 Straits looks quite cheap & attractive at current price 0.23.
I check their announcement, they mentioned their director (MR TONY TAN HAN 36,790,438 shares) & major shareholder (RAJA ISMAIL BIN RAJA MOHAMED 116,458,333 shares) subscribed to the new private placement last month at 0.24.
I am quite interested & consider to buy it. Can anyone pls give me your opinion?
Thank you.
27/10/2018 23:15
jingming8154 not a very impressive move.
28/10/2018 14:47
arlaxeat already post many good news but the price still around that level since last year, scam counter?
02/11/2018 21:11
yiniugongxiong STRAITS 0080 INFORMATION OVERVIEW 1
http://yiniugongxiong.blogspot.com/2018/11/straits-0080-information-overview-1.html
07/11/2018 19:37
Lk036 Director/substantial share holder keep on accumulating.
Company announced on 9/11/18 buying over 30% of Hong Kong bunkering company.
Price have been stagnant n stable for quite sometime. Time to moving up soon with good news.
09/11/2018 23:57
klugman how soon is soon?
11/11/2018 20:13
Feizal Mazlan Right issue ia at 23.5 cent. Look like fall below than 24 cent in the coming months.

Better wait after completion of right issue.
12/11/2018 11:19
Feizal Mazlan Right issue ia at 23.5 cent. Look like fall below than 24 cent in the coming months.

Better wait after completion of right issue.
12/11/2018 11:20
stockmethods PublicInvest also promote Straits. Why not...
13/11/2018 10:51
stockmethods Recently rejuvenated Straits Inter Logistics Bhd is among his top picks.

One of the largest oil bunkering players in the country, it has successfully diversified into oil trading and bunkering services from manufacturing and trading of water and air filter products.

Bloomberg data shows the oil player’s revenue grew by a compound annual growth rate (CAGR) of 174% over the last five years.

Areca Capital Sdn Bhd CEO Danny Wong agrees that investors should focus on the fundamentals and growth of small and mid-cap players rather than the uncertainties clouding the market.

“I think there is definitely value in the small and mid-cap space amid the noises that have caused a sharp decline in the market. Investors should focus on earnings growth. If the direction is right and there is momentum, then it will be good in the long term. Our focus is on companies that manage to show consistent growth, especially in the top line, as this indicates that management is capable of growing the business,” he says.

While the balance sheet is important, Wong maintains it is not the key factor to look out for because small-cap companies might find it hard to juggle growth and a healthy balance sheet at the same time.

In the current market, tech is a potential sector that could thrive but he advises investors to look at the company’s specifics.

“While it is not possible to guarantee growth momentum, it is a healthy sign to look for. For small-cap space, investors need to identify growth stocks. You may not get it right all the time but if you invest in 10 companies and get seven right, it’ll be very good,” he asserts.
13/11/2018 22:23
stockmethods This coming QR will have a good shows.
13/11/2018 22:25
stockmethods wahhhh, director keep buying
15/11/2018 09:39
stockmethods https://klse.i3investor.com/insider/substantialShareholder/0080/14-Nov-2018/443504_133727134.jsp
15/11/2018 09:41
jingming8154 many company keep buying also
15/11/2018 10:12
stockmethods Results looks good, are you agree?
28/11/2018 19:13
Mudamuda Remaja Mudamuda bila mau pump
30/11/2018 10:26
arlaxeat next year november if lucky
30/11/2018 23:18
Alex Woo Director keep buying alot
13/12/2018 21:35
djibaok DIRECTOR BUYING MORE
03/01/2019 18:49
Lk036 When this stock will start to move?
09/01/2019 10:54
djibaok OIL ABOVE USD 80 WILL MOVE LIKE A SUPER SNAIL
20/01/2019 16:22
kenneths today EGM, sure will have good news...wait and see, buy little bit
28/01/2019 11:46
kenneths EGM passes both Ordinary Resolution, Straits started their engine to get a cut in land Logistic. Vromm, Vromm
28/01/2019 13:25
stockmethods Yahoo!!!! time to fly me high.......
28/01/2019 13:31
kenneths 0.225...faster faster Go Go Go...
28/01/2019 16:08
kenneths Director non stop buying, ini kali lah...most people don’t see the value of his company. Bunkering service already making good profit after acquired Tumpuan Mega and now want to acquired HK Banle some more with new private placement price 0.235. Don’t you think 0.22 is already discounted price. You make your own judgement.
28/01/2019 20:24
commonsense The company’s decision to moves into the oil bunkering business in mid of 2016 from the original business of water filter trading (before the company was known as Raya International) has somewhat been successful given the steady profit seen since 1Q17. Full year profit for FY17 was at RM2.5mil. 9m18 profit is already at RM2.3mil and FY18 could potentially deliver a profit of RM3.5mil to its shareholders. Some investors think that the current business alone (without the potential profit from the proposed new acquisition of Banle Energy) could potentially deliver a profit of around RM5mil in FY19.

The issue with Straits is not the business performance but more to its rich valuation. At the current share price and based on the RM5mil potential profit in FY19, the company would already been trading at a high of 24.6x forward PE. Please take note that there is another 180mil warrants that are already in the money at an exercise price of 11.5 sens per share. Assuming a full conversion (of which the share price will fall to around 20 sens due to the dilution from the lower price warrant conversion) the real market cap of the company is actually RM143mil which means that the company is actually trading at a forward PE of 28.6x. This is very high for a company that is only in the bunkering business which has a low barrier to entry. Anyone with big enough vessel can apply for the bunkering license from the port authorities (who prefer multiples suppliers as it will minimise any concentration risk for the bunkering operation).

Based on the balance sheet as of Sept 2018, the company has an NTA (excluding goodwill) of around RM0.14 per share. Which means at the current share price, it is trading at 1.6x PB.

If you are looking to diversify your portfolio outside of Straits Inter Logistics (due to relatively high valuation) 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 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
30/01/2019 10:28
neverlose thanks for sharing commonsense
30/01/2019 10:34
moneylailai makes sense, thanks
30/01/2019 10:36
stockmethods How much can you buy as retailer...Director keep buying on this price means he should able to calculate his profit for future growth. We are investing his company and his ability to move the share price forward.
30/01/2019 15:36
stockmethods Don't copy and paste to promote MBMR everywhere lah...it can easily search your post and all the content is the same. MBMR people already start call buy since 2.00
30/01/2019 15:53
arlaxeat need copy and paste meh commonsense..zzzzzz
03/02/2019 18:57
stockmethods Interesting!!! syndicate buying 2 lot only for both mother and son
06/02/2019 22:42
stockmethods Again, 1 lot, you must be joking.
07/02/2019 19:26
SuperPanda its good price to enter now and hold
12/02/2019 18:11
SuperPanda only vol is too small but i think if coming quarter continue have improvement on earnings, vol will increase substantially
12/02/2019 18:13
SuperPanda bought 22c
13/02/2019 09:30
Shinnzaii Why so hard to move?wew...
15/02/2019 09:21
SuperPanda wait qtr out and when the acquisition start to contribute double its earnings
15/02/2019 20:07
SuperPanda short tp 25c
16/02/2019 11:48
Ron90 http://www.bursamalaysia.com/market/listed-companies/company-announcements/6066841
19/02/2019 06:21


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