KLSE: KEYASIC (0143)       KEY ASIC BHD MAIN : Technology
Last Price Today's Change   Day's Range   Trading Volume
0.11   -0.005 (4.35%)  0.105 - 0.115  6,033,300
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Market Cap: 114 Million
NOSH: 1,037 Million
Avg Volume (4 weeks):7,880,252
4 Weeks Range:0.095 - 0.125
4 Weeks Price Volatility (%):
52 Weeks Range:0.095 - 0.245
52 Weeks Price Volatility (%):
Average Price Target:-
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Nov-2018 [#2]  |  29-Jan-2019
Next QR | Est. Ann. Date: 28-Feb-2019  |  27-Apr-2019
T4Q P/E | EY: 27.16  |  3.68%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.0371  |  2.96
T4Q NP Margin | ROE: 13.92%  |  11.90%


Date Subject
08-Oct-2018 削资抵债遭卖压‧佳易两天逾8千万股易手
03-Oct-2018 PublicInvest Research Headlines - 3 Oct 2018
15-Aug-2018 Technical Analysis - Key Asic
06-Aug-2018 逆境中研发新产品‧佳易科技有惊喜
06-Aug-2018 苦等8年终放晴‧物联网业务料更茁壮
18-Jul-2018 Technical Analysis - Key Asic
04-Jul-2018 Technical Buy - KEYASIC (0143)
06-Jun-2018 Technical Analysis - Key Asic

Business Background

Key Asic Bhd engages in the turnkey application-specific integrated circuit design services for consumer, wireless and personal electronics applications. It also provides data processing, data management, disk-based backup solutions, telecommunications, office automation, network infrastructure, and intelligent storage networking support. It operates through the Non-Recurring Engineering Services and Recurring Engineering Services business segments. Geographically the company receives maximum revenue from Taiwan.
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  9 people like this.
fl888 After reduction confirmed like Green Packet, will fly..
08/02/2019 09:45
limitlesss will up soon...need time maybe after feb can reach 0.150 50%gain
08/02/2019 09:54
StockyC Bought at 0.100. Not sure will regret or not.
08/02/2019 19:32
StockyC https://richlandstandard.com/what-the-mfi-reveals-about-key-asic-berhad-0143-kl/
09/02/2019 17:52
Gekko92 Price start move
11/02/2019 09:20
matg TP 0.15
11/02/2019 16:02
11/02/2019 23:09
Gekko92 Sama sama naik
11/02/2019 23:11
matg FF coming
12/02/2019 15:16
fl888 Like Orion, got Singapore connection, should be same price...pp but no bank loan?
13/02/2019 07:28
Stocker Prepare to launch soon
13/02/2019 10:18
Stocker Lai liao
13/02/2019 11:24
Stocker Bu the time of reduction keyasic will fly v ucrest
13/02/2019 11:30
Stocker Dun miss the IoT era
13/02/2019 11:31
kimee lai where?
13/02/2019 11:33
fl888 Reduction sent to High Court on 2-1-2019 for approval, why take so long to approve...just stamped only lah....
13/02/2019 12:03
Gekko92 Roadblock
13/02/2019 13:30
Infiltrader We refer to the announcements made on 2 October 2018, 11 October 2018, 12 October 2018, 23 November 2018 and 2 January 2019 in relation to the Share Capital Reduction (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that the High Court of Malaya had on 13 February 2019 granted an order confirming the Share Capital Reduction. The sealed order will be extracted and an office copy of the order will be lodged with the Companies Commission of Malaysia for the Share Capital Reduction to take effect.

The effective date of the Share Capital Reduction will be announced in due course.

This announcement is dated 13 February 2019.
13/02/2019 18:40
StockyC So actually what will be the impact.?
13/02/2019 19:08
Infiltrader Capital reduction is the process of decreasing a company's shareholder equity through share cancellations and share repurchases, also known as share buybacks. The reduction of capital is done by companies for numerous reasons, including increasing shareholder value and producing a more efficient capital structure. After a capital reduction, the number of shares in the company will decrease by the reduction amount. While the company's market capitalization will not change as a result of such a move, the float, or number of shares outstanding and available to trade, will be reduced.

The act of capital reduction may also be enacted in response to a decline in a company's operating profits or a revenue loss that cannot be recovered from a company's expected future earnings. In some capital reductions, shareholders will receive a cash payment for shares canceled, but in most other situations, there is minimal impact on shareholders
13/02/2019 20:27
Gekko92 Dropping...
14/02/2019 23:56
Nicholasming91 Buy back at 0.10
15/02/2019 00:02
freddiehero tq info
15/02/2019 00:04
fl888 With this capital reduction exercise, the accumulated losses in the balance sheet will be wiped out and a tax credit maybe created but the number of shares is not reduced at all..so with another 70% private placement to go at 11cts or higher, and consecutive profit result, Keyasic will be a stock to watch....
15/02/2019 01:59
Gekko92 Will the company reduce our unit and the price is adjust when the capital reduction is apply?
15/02/2019 06:52
fl888 The operators has already adjusted the price and today will lodged the sealed High Court to regularise the exercise.. think will go up in view of pending approved PP exercise...can compare to Green Packet who did a capital reduction ...38 lodged now break 40....
15/02/2019 08:10
Gekko92 Still got hope the price going up?
16/02/2019 03:51
Nicholasming91 Switch to other counters
16/02/2019 08:27
fl888 Buy at this price as TP for next tranche PP will be 15..
16/02/2019 10:10
Nura Next TP is 0.15
16/02/2019 21:28
Tigerchan What is the ratio reduction.
17/02/2019 14:19
18/02/2019 13:39
Tenno Any hope?
19/02/2019 15:29
Jebard Wait at 0.105 to test the water
19/02/2019 18:07
2323 2mrw fly....
19/02/2019 19:05
Gekko92 Fly to 0.105 sen?
19/02/2019 19:26
Gekko92 We refer to the announcements made on 2 October 2018, 11 October 2018, 12 October 2018, 23 November 2018, 2 January 2019 and 13 February 2019 in relation to the Share Capital Reduction (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, TA Securities wishes to announce that an office copy of the sealed order of the High Court of Malaya confirming the Share Capital Reduction has been lodged with Companies Commission of Malaysia on 18 February 2019. Pursuant thereto, the Share Capital Reduction shall therefore take effect and be deemed completed on 18 February 2019.

This announcement is dated 19 February 2019.

Can anybody explain?is they will be ratio?
19/02/2019 19:37
Jebard Buy when price not moving
Sell when people start buying.
20/02/2019 14:55
Gekko92 Price hard to move up
20/02/2019 17:43
fl888 fair value is anything below 10cts after share reduction...
20/02/2019 20:40
razorknight so this keyasic counter price will go up or down since unit had been reduced??
20/02/2019 21:40
razorknight i think with unit reduced, it is easier to goreng this counter...
20/02/2019 21:42
Stocker Capital reduction is reduce on par value right but not affect on unit shares reduction? Sorry if im mistaken
20/02/2019 22:37
Gekko92 If more than 1billion unit.hard to move up
21/02/2019 08:44
razorknight on volume wised looks like going up at the moment.... can buy now!!
21/02/2019 09:15
commonsense The company’s outlook at first seems to be turning around when it managed to deliver its first ever profit in 1Q18 of RM400k. The trend of the profit initially looks to be on an uptrend with 4Q18 profit growing RM1.6mil. This help the company to deliver its first full year profit of RM3.6mil in FY18. Some investors were hoping for this trend to persist going into FY19.

However, the growth in profit doesn’t seem to be sustainable with 1Q19 and 2Q19 reporting a lower profit of RM1.3mil and RM300k only. Even if we assume that the company’s business can pick up in the 2H19 and the company managed to deliver a total profit of RM4.8mil (meaning 3Q & 4Q results deliver an average profit of RM1.5mil), at the current share price the company would still be valued at a very lofty valuation of 24.8x PE. This is very high for a company that has never been able to deliver consistent profit growth to the shareholders. What is more worrying is that the profit trend is actually looks to be going down especially with the challenging semiconductor industry outlook in the near future.

If you are looking to diversify your portfolio outside of Keyasic (due to its weak earnings outlook and its 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 7.0x 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 6.0x PE.

Please go through the analyst reports 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.
21/02/2019 10:22
Stocker Thanks commonsense analysis
21/02/2019 11:13
Stocker Anyhow we are still hoping the company doing well
21/02/2019 11:13
Hanip aiya, still not well
22/02/2019 10:49
Jebard Gonna top up add 0.10
22/02/2019 20:25


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