Highlights
KLSE: HBGLOB (5187)       HB GLOBAL LTD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.09   0.00 (0.00%)  0.09 - 0.095  166,000
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Overview

Market Cap: 42 Million
NOSH: 468 Million
Avg Volume (4 weeks):122,677
4 Weeks Range:0.085 - 0.105
4 Weeks Price Volatility (%):
25.00%
52 Weeks Range:0.055 - 0.135
52 Weeks Price Volatility (%):
43.75%
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2019 [#1]  |  31-May-2019
Next QR | Est. Ann. Date: 30-Jun-2019  |  30-Aug-2019
T4Q P/E | EY: 2.63  |  37.96%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.43  |  0.21
T4Q NP Margin | ROE: 16.09%  |  7.94%

Headlines

Date Subject
20-Sep-2018 PublicInvest Research Headlines - 20 Sept 2018
20-Sep-2018 Mplus Market Pulse - 20 Sept 2018

Business Background

HB Global Ltd is an investment holding company. The company and its subsidiaries are primarily a food processing company specializing in the production of wide variety of ready-to-serve food. The group is organized into business units based on their products and has four reportable operating segments as follows: Ready-to-Serve Food, Frozen Vegetables, Duck Farming, and Others. Geographically, the company offers its services to Japan, Europe, Australia, United States of America and South East Asia.
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  3 people like this.
 
commonsense The potential delisting of Perisai next month shows the risk of investing in a PN17 company. For HB Global the reason for the company to fall into PN17 is not the same as Perisai. It did not fall into PN17 due to shareholders funds falling below 25% of paid up capital but because of its auditors has express adverse opinions on the company’s audited account of FY2012. For me this is worst than Perisai since investors cannot be sure if the numbers reported by the company are actually true or not.

Assuming that the numbers of the most recent 3Q18 result is true. If you study the balance sheet you will see that this company is actually facing liquidity issues with debt of RM64mil (of which RM51.5mil is short term debt) and cash of only RM107k. Even though the company recorded a small profit in 9m18 it does not translate to cash from operation. If you were to recategorized the interest expense as CFO, then cash from operation for 9m18 would have been -RM2.5mil. To pay off their short-term debt, the company keep refinancing those debts. This may proof to be futile in the end given the increasing interest rate trend. The only way out is for the company to do an equity capital injection or sell some of their assets.

If you are looking to diversify your portfolio outside of HB Global (due to weak balance sheet and risk associated to a PN17 company) 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 6.6x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x 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 newly launched SUV 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 RM4.50.

Good luck.
14/01/2019 2:07 PM
PN17player I wait for this counter to exit PN17 , my neck also dam long oredi . unlike RGT BHD, oredi achieved two q continuous profit, can apply for PN17 exit upon Q result announcement.
11/02/2019 11:07 AM
jcpy The stock seemed to have pumped up with sudden high volume last Friday after its continuous lacklustre in pricing despite being profitable. Is this the start of something interesting brewing? Lets wait and see!
18/02/2019 8:52 AM
fl888 Boomerang ,whoever he is, is promoting this stock like no tomorrow.....hahaha
19/02/2019 6:24 PM
fl888 Buy now as promoted by Boomerang .now 8...
27/02/2019 9:59 AM
10155338416153474 What is Boomerang?
27/02/2019 12:08 PM
fl888 Boomerang has been promoting HB to be lie Orion shares in several other people blog.... left to be seen...later..
27/02/2019 1:22 PM
jcpy Another strong profit achieved in Q4 results despite being relatively lower as compared to the preceding qtr in 2017. Nonetheless a commendable achievement, which bring to 2 years of profitable business. If this is still not good enough to be out of PN17, I rest my case.
28/02/2019 6:22 PM
fl888 The qualified opinion by the Auditors was rather unnecessary when the company loans are 90% secured and welll serviced .....and profitable for 2 years..PN17 can be easily solved by the retraction of this stupid Auditors comments !
01/03/2019 3:34 AM
MoneyGamer Big funds seem to be quietly buying in, which explained the increasing volume. Let's see if it can breach the resistance level of 0.09 today.
01/03/2019 10:12 AM
fl888 Alibaba, Li Kashing and so many other companies can buy in and RTO this HB Global out of PN17
01/03/2019 10:27 AM
fl888 Thank you Boomeerang for your tips, whoever you are.....
01/03/2019 10:38 AM
fl888 Boomeerang, what is the TP for HB like Orion can u say.... u can come out and comment or not ?
01/03/2019 10:50 AM
stock1288 Next Tp is 15 sen. Then rechallenge 1 yr high at 38 Sen. Once announced out of pn17, easily can break 60 sen.
01/03/2019 1:57 PM
stock1288 Be patience and wait for the announcement.
01/03/2019 2:03 PM
fl888 No reason to be in PN17 as like me overborrowed but still can service my debt promptly so what the problem as the loan is secured
01/03/2019 3:03 PM
stock1288 This counter is similar to MAA a pn17. Owner could be planning to take the company private.
01/03/2019 3:47 PM
fl888 NTA 42 cts privatisation ???
01/03/2019 4:45 PM
jcpy Whether it is up for privatisation or out of PN17 soon, engine has started to warm up.
01/03/2019 5:31 PM
fl888 Who will win ?commonsense says HB no good like Perisai or boomerang who says good like Orion......next week will determine the outcome..
02/03/2019 11:57 PM
fl888 Highly reccommende by Boomeerang.. who will come into play now to whack it up.....
04/03/2019 6:30 AM
fl888 Reviewing KYY blog, HB has been making more than 2 consecutive qtrs and highly geared, just like Dayang and may go up like Dayang.... better buy now before it behaves like Orion and strong recommendation from investment analyst come out...then too late to regret...
04/03/2019 6:55 AM
stock1288 Looking good today!
04/03/2019 9:30 AM
stock1288 Share price going up
04/03/2019 9:40 AM
fl888 Boomeerang and members whacking it limit up.....
04/03/2019 9:42 AM
fl888 Why nobody commenting on HB Global to promote or demote...,,,,
04/03/2019 11:10 AM
jcpy Definitely less coverage for HB. I guess most people, be it investors or punters are now more interested in O&G stocks.
04/03/2019 2:22 PM
fl888 One should buy good neglected stock when no one dare rather buying O&G which are herd instinct euphoria.,,
04/03/2019 3:26 PM
MoneyGamer Bankers hv hit well over 75% in this stock for last 2 trading days, which signalled a sustainable momentum is building up, although it has dropped yesterday. Any weakness presents a buying opportunity.
06/03/2019 7:40 AM
fl888 any news or rumours on how the RP due on 31-3-19 will come with RTO, RI with warrants or what ...?
07/03/2019 10:35 AM
stock1288 Expecting announcement soon
07/03/2019 10:57 AM
jcpy Market must hv smell something brewing that we don't. Chart wise, it has broken 200 EMA, a bullish sign coming if it can stay above this threshold. Momentum wise, Moneygamer has already spoken. Now, am patiently waiting for news.
07/03/2019 11:48 AM
stockraiders Anyone csn share their thoughts abt the approaching deadline for submission of RP due on 31 Mar. Due date seems getting nearer, but price is on a slow uptrend mode. Bought a lot around 0.07 and really can sell for a good profit now. But there is a strong temptation to wait for any coming announcement.
20/03/2019 8:09 AM
MoneyGamer Bankers chip is currently at the high ratio of 85%, so can expect strong buying support from big players.
21/03/2019 8:14 AM
jcpy Today is the last working day of the calendar month to submit RP. If no submission, I guess another extension is forthcoming.
29/03/2019 8:35 AM
stockraiders Finally, the wait may be over. Applied for waiver of RP submission and uplift from PN1 status. Strong case due to consecutive quarters of profit. Now, let's wait for the approval.
29/03/2019 10:27 PM
jcpy Great! Really looking forward to the next phase once out from the deep end. It has been a long wait indeed!
30/03/2019 10:13 AM
chong932 What are the conditions to be uplifted from PN17? I understand their recent profit may not cover their huge debt.
30/04/2019 9:29 PM
jcpy HB has already met the 2 consecutives qtrs of profits for uplift from PN17, but becoz of the loan concern, it has not materialized. Now that the Annual Report 2018 is out, pls take some time to read. Therein, the Mgmt has highlighted abt debt concern and whether they can meet the loan obligations.
06/05/2019 8:02 AM
TrumpUSA Can buy. will out from PN17 soon
06/05/2019 8:13 AM
Cslee1228 First quarter result is out! Look good!
31/05/2019 7:24 PM
Alex™ buy buy buy
03/06/2019 11:56 AM
Alex™ faster buy, i want sell
03/06/2019 11:57 AM
chong932 Good profit in latest 2 quarters, profit RM8.9m and RM5.5m. Good chance to be uplifted from PN17 in the near future.
03/06/2019 8:53 PM
jcpy Strong case to get out of jail very soon.
04/06/2019 8:06 AM
chong932 Started to move now. Now is the right timing to push it up....
19/06/2019 9:56 PM
everydaysfri 30/6 will be the last day to submit regularisation plan. Let us take a seat and see what will happen.
24/06/2019 10:08 PM
jcpy From the recent bursa annoncement, it is probably a make or break for HB this week or next. Eagerly waiting for decision.
03/07/2019 8:10 AM
stockraiders Seemed like Khazanah is cashing out gradually and quietly.
16/07/2019 8:20 AM
chong932 show time
23/07/2019 8:49 PM


 

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