KLSE: SEALINK (5145)       SEALINK INTERNATIONAL BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
0.12   -0.005 (4.00%)  0.12 - 0.12  30,000
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Market Cap: 60 Million
NOSH: 500 Million
Avg Volume (4 weeks):566,600
4 Weeks Range:0.105 - 0.145
4 Weeks Price Volatility (%):
52 Weeks Range:0.09 - 0.19
52 Weeks Price Volatility (%):
Average Price Target: 0.00
Price Target Upside/Downside: -0.12

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  16-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  22-Feb-2019
T4Q P/E | EY: -1.69  |  -59.30%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.73  |  0.16
T4Q NP Margin | ROE: -74.79%  |  -9.75%


Date Subject
02-Oct-2018 PublicInvest Research Headlines - 2 Oct 2018
02-Oct-2018 Mplus Market Pulse - 2 Oct 2018
24-Sep-2018 Technical Buy - SEALINK (5145)

Business Background

Sealink International Bhd is Malaysia-based firm. The company is an integrated service provider, which builds, owns and operates a diverse fleet of offshore marine support vessels, serving mainly the global offshore oil and gas exploration and production industry. The company operates in two segments namely, Shipbuilding segment comprises of the building of offshore marine vessels and related services, and Chartering segment comprises of services like anchor handling, transportation of supplies, diving support, seismic support and other chartering services which also contributes a major part of revenue. Most of its revenue comes from the Malaysian market, while it also has a presence in the United Arab Emirates and Singapore.
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  2 people like this.
kimssiat Swiming
09/03/2015 15:39
20/03/2015 12:01
kimssiat Waited for long long time ... No move one.
20/03/2015 16:53
RX350 sleeping......
23/03/2015 17:54
RX350 syscorp better!
31/03/2015 17:48
joelvooka number of buyers escalating today
13/04/2015 15:56
tjhldg :)
13/04/2015 23:05
tanbb will it up?
14/04/2015 10:21
tssl74 ZzzZz
19/05/2015 10:03
logitrader http://www.klse.my/financial/annualReport/5145/31-Dec-2014.jsp
19/05/2015 20:27
logitrader http://www.klse.my/meeting/104436.jsp
19/05/2015 20:30
logitrader http://www.klse.my/financial/quarterResult/YoY/quarter/5145/31-Mar-2015.jsp
21/05/2015 20:41
tssl74 any latest news?
worth holding?
01/07/2015 10:52
alibabacoming sealink? deepsea find pearl haha
01/07/2015 10:54
MYSCHN The Ringgit unlimited drop may lead to serious economic problem, no more confident from Malaysian and foreign Investor.
24/08/2015 09:00
01/10/2015 11:40
shlang17 Start your engine
01/10/2015 14:10
shlang17 syscorp already start engine, sealink will be next
03/11/2015 17:13
shlang17 Anyone got do research on Sealink? why no move 1? very sien ler....
18/11/2015 11:43
TAH Go for technology n engineering stocks like Gpacket,luster,keyasic for fast movement
18/11/2015 12:07
tssl74 shlang17...i totally agree with u..ZzzZZ
06/01/2016 09:58
ww_guy break the new lowest from 0.23 to 0.225 last week, now break the new lowest again to 0.22...seem like moving towards below 0.2, still can buy in if drop below 0.2?
25/05/2016 16:27
trumpet warning! don buy! this kim dude channel is looking to unload their shares to u!
09/11/2016 10:23
trumpet fake movement! be careful all!
09/11/2016 10:23
trumpet the kim dude channel is selling. u better don buy or u get stuck
09/11/2016 10:43
trumpet fake movement fake que
09/11/2016 10:43
birkincollector not sure who kim is, but monthly and weekly chart shows uptrend will start any time, lets see...
15/11/2016 21:12
ivan9511 17/11/2016 31/12/2016 3 30/09/2016 13,857 -7,830 -7,303 -1.46 0.00 0.940 Malaysia Stock - KLSE Quarter Report History 26%
latest qr
17/11/2016 17:43
birkincollector Results so bad tmr long kang. Or already priced in?
17/11/2016 17:48
ivan9511 mostly is go holland la, you se the revenue , only 13857.
but not sure
19/11/2016 16:00
DreamConqueror Boleh mayin gah, ini shaham ...
17/12/2016 02:16
pc007 Buy buy...flying to North soon
12/07/2017 10:39
shlang17 http://sealink.listedcompany.com/news.html/id/592663
12/07/2017 13:50
spider68 Hubline Berhad share price @ RM 0.16 as at today 12 Oct 2017 is higher than Sealink Berhad share price @ RM 0.145.

In this context, we must commend the directors of Sealink Berhad for doing such a "great" job and indeed their services must be retained & they must be rewarded with higher directors fees & remuneration for taking such good care of the shareholders.

We must also envy the pioneer shareholders of Sealink Berhad of whom had subscribed Sealink Berhad IPO shares @ RM 1.25 (if they are still faithfully holding on to the shares) for having such faith in the company and its "competent" directors despite the share price tanking 88.4% or RM 1.105 since 2008.
12/10/2017 12:18
spider68 Congratulations, today 12-12-2017 Sealink Berhad's MSP reaches a new milestone, a new low of RM 0.125 or 10% of its IPO price. Congratulations to Sealink Berhad's Managing Director for carrying out such an excellent job.
12/12/2017 18:08
leslieroycarter Will it fall below 10 c...with the poor result out?
19/01/2018 19:03
spider68 Waiting for Toh Pik Chai to goreng down.
08/05/2018 11:42
kngchoong1958 WHat is happening to this counter ...with oil price getting better since mid-2017. Directors sleeping???
14/07/2018 17:19
spider68 The directors are not sleeping. They still know how to collect their directors fees and other perks. The directors are very competent you know. How dare you criticize them. They managed to somehow get the share price from RM1.25 to RM0.125. All shareholders must appreciate their selfless contributions. I think their directors fees and other perks must be increased substantially.
17/07/2018 23:41
spider68 Ripe for a hostile reverse takeover and a complete sacking of all the incompetent directors.
31/07/2018 08:38
Lim Tek Wai fly so high, gogo keep going nice !!!
31/07/2018 10:55
Jasper Coo Best time to buy now
31/07/2018 11:14
HongYeik Lim what happen with this counter??
21/09/2018 18:34
HongYeik Lim volume is coming
21/09/2018 18:34
nanas what happen?
16/01/2019 14:49
挺荣 ??
16/01/2019 16:53
Winmore88 Sealink fly to sky!
16/01/2019 22:29
guerillaranger sealink monitor 0.19 might come
17/01/2019 08:10
Wong Yi Ming Spider68, I agreed with you, Director Fee should increase substantially.
15/02/2019 11:07
commonsense This is a company that has been recording losses for the past 13 consecutive quarters. 9m18 result was a loss of RM24mil. 4Q18 will most likely be another loss quarter. Investors that think the company can suddenly turnaround and post profit might be having some wishful thinking there. Given that the operating environment has actually become a lot tougher in 2019 and given that the company still is being managed by the same people, I highly doubt they can suddenly post better results in FY19. Investors need to be prepared for another full year loss in FY19.

A more pressing issue is the liquidity of the company. The company has a current liability of RM140mil (of which RM104mil is in short term debt) as of Sept 18. However, it only has RM97.5mil of current asset (of which only RM16.7mil are in the form of cash reserves) which signals an issue of lack of capital for the company to service its immediate debt obligation. It will need to raised cash soon. The sales of the Miri land to CMS Cement Industries for RM26.5 mil would help but will not be enough to pay off the current debt obligation. More land sales need to be done or at worst the company will need to raised the capital via equity (potentially a right issue exercise).

If you are looking to diversify your portfolio outside of Sealink (due to the weak earnings outlook and capital liquidity issues) 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.
19/02/2019 10:47


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