KLSE: TASCO (5140)       TASCO BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
1.36   0.00 (0.00%)  1.35 - 1.36  38,000
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Market Cap: 272 Million
NOSH: 200 Million
Avg Volume (4 weeks):64,629
4 Weeks Range:1.16 - 1.50
4 Weeks Price Volatility (%):
52 Weeks Range:0.99 - 2.00
52 Weeks Price Volatility (%):
Average Price Target: 1.53
Price Target Upside/Downside: +0.17
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2018 [#3]  |  21-Feb-2019
Next QR | Est. Ann. Date: 31-Mar-2019  |  24-May-2019
T4Q P/E | EY: 17.02  |  5.88%
T4Q DY | Payout %: 1.84%  |  31.33%
T4Q NAPS | P/NAPS: 1.84  |  0.74
T4Q NP Margin | ROE: 2.24%  |  4.34%


Date Subject
27-Dec-2018 Review of Top 10 Stock Picks for 2018 - The Edge
17-Nov-2018 泛亚综合物流 订单料不会大减
16-Nov-2018 Tasco Berhad - Diminishing Profit Margin
16-Nov-2018 Tasco Berhad - Slower Growth Expected
12-Oct-2018 [转贴] [TASCO BHD:开始看到投资到冷链物流业务的回报,大力打造零售物流业务] - James的股票投资James Share Investing
15-Sep-2018 泛亚综合物流 新合约推高目标价
14-Sep-2018 Tasco Berhad - Swift Roll-out of Trading Business Venture
17-Aug-2018 Tasco Berhad - a Slow Start for FY19
17-Aug-2018 Tasco - Finance Costs Remain a Drag
25-May-2018 Tasco - Cold Chain Business To Fully Contribute In FY19
25-May-2018 Tasco Bhd - FY19F: Stronger earnings
14-May-2018 Tasco Bhd - Synergy on Venturing Into Trading Business

Business Background

TASCO Bhd is a Malaysia-based company principally engaged as a total logistics solutions provider. The company operates through five divisions namely Air freight forwarding division, Contract logistics division, Ocean freight forwarding division, Trucking division and Origin cargo order and vendor management division. It renders warehousing services, such as public bounded warehouse and cold room facilities. Additionally, the company and its subsidiaries are also involved in the business of truck rental, in-house truck repair and maintenance, insurance agency services and warehouse rental as well as the services related to freight forwarding.
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  3 people like this.
wajatimur_28 rock ku baby...fly to the moon...
30/07/2018 17:55
wajatimur_28 waiting @ 2.60
30/07/2018 17:55
chshzhd buy...
05/08/2018 22:31
Jasper Coo Buy now! Don't regret later !
06/08/2018 11:29
Andrew94 It is a good company, unfortunately they just brought in a worst customer to their distribution services earlier this year. Foresee it will impact the P&L.
10/08/2018 15:30
chshzhd YLee worst??
11/08/2018 21:54
Lim Tek Wai huge profit, nicee
13/08/2018 12:00
Andrew94 chshzhd, nope..another listed company customer..this customer earned a bad reputation in logistics industry
18/08/2018 09:12
Jordan Khoo Time to collect profit, hehehe thanksss
20/08/2018 11:45
wajatimur_28 http://www.klsescreener.com/v2/news/view/429746
14/09/2018 00:49
wajatimur_28 Hope bring another big profit
14/09/2018 00:49
wajatimur_28 http://www.klsescreener.com/v2/news/view/429746
14/09/2018 01:15
14/09/2018 01:22
14/09/2018 01:22
wajatimur_28 I m new here
14/09/2018 01:22
wajatimur_28 Seen good news in tasco
14/09/2018 01:23
wajatimur_28 Hopefully there are other persons join me in this forum
14/09/2018 01:23
wajatimur_28 Jv with yee lee...should up tp to rm2.00++
14/09/2018 01:24
Lim Tek Wai Never regret for buying this stock, profit is real
Keep going, up up up !
14/09/2018 11:31
Fiona_KLCIanalyst Target Price RM1.75; Expected
Tasco announced that YLTC Sdn Bhd (a 60:40 JV between Yee Lee Corporation Bhd and Tasco Bhd) had entered into a purchase contract with Shell Malaysia Trading Sdn BHd.
For counter updates and daily picks whatsap at 60 115796 8095
17/09/2018 13:49
peachgirl Waiting for big profit soon!
18/09/2018 11:23
James Ng https://klse.i3investor.com/blogs/general/177928.jsp
[转贴] [TASCO BHD:开始看到投资到冷链物流业务的回报,大力打造零售物流业务] - James的股票投资James Share Investing
12/10/2018 12:50
md1961 now at 1.380
23/10/2018 09:43
md1961 peachgirl - what made you think that Tasco will break RM2.00 ? Can you share please
23/10/2018 09:44
peachgirl md1961 - Earlier they enter into the long term agreement with Shell and many thought the share price will shoot up, but end up no impact but went downward instead....
23/10/2018 15:51
md1961 Thank you peachgirl. Today most of the counters were down... hopefully market will pickup.
23/10/2018 17:47
md1961 price still down today:(
24/10/2018 14:40
md1961 not moving ...still at 1.29 :(
26/10/2018 09:34
md1961 flat @ 1.29 !!!!
30/10/2018 10:47
peachgirl Ya....don't know what is up with Tasco....earlier i noticed the selling is getting lesser but the price still not moving upwards....LOL
30/10/2018 15:48
md1961 peachgirl - yes .. not moving at all.
30/10/2018 17:46
md1961 good morning everyone. Let's hope today will be the good day for TASCO moving upwards.... wake up .... get moving please :)
31/10/2018 07:08
trulyinvest Sell. Below rm1 soon
31/10/2018 07:09
md1961 Volume are small 2,200 .. the price not moving much 1.29 - 1.30

Sleepy counter ah
31/10/2018 14:45
md1961 Keep on dropping !!!
14/11/2018 17:27
md1961 TASCO steadily keep sliding down bit by bit... hopefully will rebound soon.
peachgirl md1961 - Earlier they enter into the long term agreement with Shell and many thought the share price will shoot up, but end up no impact but went downward instead....
23/10/2018 15:51
15/11/2018 11:04
Frank Tan Profit drop,1.24 steady.Pitty tunepro holder...
16/11/2018 11:04
md1961 Zero volume
19/11/2018 09:38
md1961 Tdg volume: 208,200 only. Stock price keep going down now. Better stay away from this counter.
19/11/2018 16:31
dompeilee Bought 3 lots Tasco @ 1.05
26/11/2018 09:30
cutie drop non stop...95 sen next support if 1 rm broken
26/11/2018 20:58
chshzhd keep..
15/01/2019 14:21
cutie ?? Keep?
17/01/2019 14:03
cutie how to keep...back to 1.00 soon
23/01/2019 21:20
chshzhd good company
24/01/2019 19:23
chshzhd i bought at 2.00
25/01/2019 17:07
commonsense 2Q19 result was a really big disappointment for shareholders of Tasco with profit falling to only RM2.7mil from RM9.1mil achieve a year ago. The dismal 2Q19 performance was mainly due to

1) the underperformace of ocean freight forwarding division which recorded a loss of RM200k in PBT vs 2Q18 profit of RM3.6mil. Reason being is the significant drop in revenue and volume especially from solar panel customers.

2) the below par result of the contract logistic division which saw a fall in PBT by more than 60% to only RM3.6mil from the RM9.2mil in 2Q18. The fall was caused by lower occupancy rate of warehouse in the southern region, higher initial ops expenses for new supply chain business to Shell (JV with Yee Lee Corp) and reduce revenue from Regional Distribution Center in KLIA.

3) the higher financing cost of RM5.9mil vs only RM2.7mil back in 2Q18. The higher financing cost is related to the acquisition of land and warehouse in Pulau Indah.

Apart from the higher initial operation cost from new supply chain business, all of the other remaining causes for the lower profit in 2Q19 are expected to remain in the foreseeable future. With this in mind investors need to be prepare for the company to post a quarterly profit of only between RM3mil to RM4mil for the rest of FY19 (and potentially going into FY20).

Based on the assumptions above, Tasco would most probably end the FY19 with a profit to shareholder of around RM16mil which means at the current share price, the company is trading at a valuation of 15.6x PE. This valuation is not that high compared to other logistics player but investors need to be prepared for the company to post potentially small profit growth (if that is even possible) given the very challenging logistic market at the moment. With an oversupply of logistic services, everyone is expected to cut their service offering price to clients in order to chase a smaller piece of the market pie. This will most probably affect their profit margins.

The only bright spot for Tasco at the moment is their cold chain transportation business but that is still relatively small when compared to the whole of its business. Given that the company has already control a big portion of the cold chain logistic market (as an example, it already has 80% of the ice cream transportation business in Malaysia) any growth in revenue from this segment is expected to be low (unless if they decide to do another round of M&A which I doubt).

If you are looking to diversify your portfolio outside of Tasco (due to its relatively high valuation and weak 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 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.
05/02/2019 01:39
Hueyhuey Based on chart this stock is looking good
10/02/2019 03:03
wajatimur_28 Good movement
17/02/2019 10:06
gnail rebound from rm1 to rm1.4 in one month
18/02/2019 10:52


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