Highlights
KLSE: ELKDESA (5228)       ELK-DESA RESOURCES BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
1.70   +0.04 (2.41%)  1.68 - 1.70  563,800
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Overview

Market Cap: 505 Million
NOSH: 297 Million
Avg Volume (4 weeks):235,711
4 Weeks Range:1.58 - 1.70
4 Weeks Price Volatility (%):
100.00%
52 Weeks Range:1.13 - 1.74
52 Weeks Price Volatility (%):
93.44%
Average Price Target: 1.98
Price Target Upside/Downside: +0.28
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#1]  |  22-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  13-Nov-2019
T4Q P/E | EY: 14.80  |  6.76%
T4Q DY | Payout %: 4.09%  |  60.49%
T4Q NAPS | P/NAPS: 1.3768  |  1.23
T4Q NP Margin | ROE: 26.29%  |  8.34%

Headlines

Date Subject
15-Aug-2019 Daily Technical Highlights – (ELKDESA, WELLCAL)
07-Aug-2019 Stocks on Radar - ELK-Desa Resources (5228)
26-Jul-2019 《《 从年头这只股静悄悄的也走上来。。。 》》
22-Jul-2019 Stocks on Radar - ELK-Desa Resources (5228)
15-Jul-2019 Trading Stocks - ELK-Desa Resources
15-Jul-2019 Stocks on Radar - ELK-Desa Resources (5228)
17-Jun-2019 ELK-Desa - Plenty of Room to Gain Grounds
23-May-2019 ELK-Desa - Favourable Conditions Fuelled a Robust Year
23-May-2019 ELK-Desa - Favourable conditions fuelled a robust year
11-Mar-2019 [转贴]阿笔谈股系列26-浅谈ELK-Desa-二手车贷款
11-Mar-2019 Trading Stocks - ELK-Desa Resources
05-Mar-2019 Trading Stocks - ELK-Desa Resources
22-Feb-2019 ELK-Desa - Leveraging Up
22-Feb-2019 ELK-Desa - Leveraging Up
30-Jan-2019 ELK-Desa Resources Bhd - A Little-Known Financier
09-Jan-2019 与银行客户群不同‧永联资源瞄准B40 M40
31-Dec-2018 ELK-Desa - A Safe Haven in Volatile Markets
31-Dec-2018 ELK-Desa - a Safe Haven in Volatile Markets
23-Nov-2018 ELKDESA - STEADY GROWTH THAT REMAIN SILENT
14-Nov-2018 ELK-Desa - Vertical Expansion Fuels Growth

Business Background

ELK-Desa Resources Bhd is Malaysian company investment holding company. The company’s business segments are Hire-purchase financing and other integrated services and Trading of furniture. The Hire-purchase financing and other integrated services segment is involved in the business of hire purchase financing for used motor vehicles as well as selling general insurance policies as an insurance agent and Trading of furniture segment is involved in the business of trading, export, wholesaling and manufacturing of furniture. The company earns the majority of its revenue from hire-purchase financing.
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wei007 唯有继续累积拿股息。。。
18/08/2018 12:05 AM
wei007 Rakuten Trade recommend with target price RM 1.38
31/08/2018 12:41 AM
Kiryu88 rakuten sinkalan got la
01/09/2018 12:25 AM
Meng suddenly got some volume today
09/10/2018 4:04 PM
Meng another quarter with nice results. seems like they are pushing sales now. profits should be higher next year
13/11/2018 6:35 PM
UnicornP https://www.thestar.com.my/metro/metro-news/2018/07/03/prices-for-used-cars-expected-to-remain-low-secondhand-dealers-say-sst-only-applicable-to-manufactur/
17/11/2018 11:45 AM
Meng 2 years new high. can it sustain?
11/01/2019 5:57 PM
foreverchung If drop = buy 99
15/01/2019 10:28 AM
zigua 99?now 132 !
29/01/2019 11:33 PM
tracylim This is a long term counter. It eliminates opportunists and sharks, at least until now... both are not seen or not obvious in the counter. I have great trust for Elkdesa with long term target price 2.00-3.00 says in 3-5 years time if the current growth continues.
31/01/2019 10:49 AM
Meng hi tracy, mind to share why you so confident to the company?
31/01/2019 9:49 PM
RainT this counter is loan to car so the biz prospect is not really good, dont have competitive advantage , need depend on car sales for increase loan etc

also it venture into furniture biz which is also a bad idea
furniture biz is very crowded now with other big players ...this all will not help in ELKDESA profit growth
01/02/2019 11:24 AM
RainT ELKDESA also is in negative operating cash flow which is bad
01/02/2019 11:27 AM
tracylim If this coming announcement good result or at least maintain, then I expect it to go above 1.50, and if all quarters in 2019 good results then above 2.00 is for certain.
10/02/2019 12:28 AM
Meng wow, i didn't expect we have same thought! last agm management set a new direction, i see their are really doing well on that from last quarterly result. i have confidence the company will have good results this year
10/02/2019 9:43 PM
tracylim True. Not too many investors realise the value of ELKDESA, and don't you think that's a good thing? That's the reason why we still can buy in at the current price, and I really feel good accumulating along side with the big boss, if you understand what I mean.. I rather do it now than start accumulating when it is 2.00 3.00..
14/02/2019 9:55 AM
Yi Heng just drop more please, u all know what i mean haha
17/02/2019 9:37 PM
Yi Heng chairman allocate 2000000 shares within 2 months :)
18/02/2019 8:11 PM
tracylim Wow, not bad! Cancellation of treasury shares! This shows that Elkdesa has strong cash flow.. it reduces the total of shares available in the market which is definitely a good thing! Yes!
24/02/2019 3:31 PM
Meng i disagree the action on cancellation of treasury shares. they can make good use from it instead of just cancelled it. it is worth more then RM17m. the company was right issues few times in the past, but why not they just sell the treasury shares to get more fund? if that conflict with the chairman buying share from open market recently, they can look for funds institution or other investor to buy over. now the shares are wasted just to push up the share price slightly. im surely going to address out the issue in agm
25/02/2019 1:12 PM
James Yeo Elk-Desa Resources Bhd has a track record of consistent dividend payouts over last 5 years. Check out other 2 similar stocks at https://klse.i3investor.com/blogs/small_cap_asia/195122.jsp
26/02/2019 11:01 AM
tracylim Well Meng, I guess the boss has his own planning on this. You may voice up your opinion in the AGM, but for me, it's definitely a good sign and I hope they will cancel more share in the future.. anyway for the time being, let's wait and see what's in the boss's head..
08/03/2019 11:22 PM
Meng i personally think that the management want to improve the company reputation and strengthen the confidence of share holders. i have seen them have intention to improve the awareness of the public to the company too. but still i think they can have better use of the treasury share.
11/03/2019 2:14 PM
Meng im happy to see the share price go up, but im more happy to see the net profit go up and the cost go down
11/03/2019 2:17 PM
sleang There are 3 things that the co. can do with treasury shares, 1. re-sell to the market at higher price to gain profit; 2. distribute to shareholders as share dividends; 3. cancel it off. Among the 3, the only option which will reduce the number of shares is #3 as the first 2 options will release the shares back to the market...
11/03/2019 2:29 PM
Meng as a financing institution, funds is important to company. there was a few times company having rights issue to increase the funds. although the treasury is not a big amount as past rights issue, but still worth good amount of money which can help the company business. if they can make use of it, selling to get some funds drive more sells or reduce financing cost, i think that is much better option
11/03/2019 4:51 PM
smissions Rights issue, rights issue, rights issue, cancel shares. Also advertises on Google Ads.
04/04/2019 2:54 PM
tracylim If not mistaken the management already promised no more right issue...
04/04/2019 6:28 PM
sleang another set of fantastic results! well done~!
21/05/2019 6:22 PM
tracylim Really proud of ELK, particularly in the midst of uncertainties. Now we know why the boss kept on buying. Well done!
23/05/2019 7:52 AM
Meng profit can be go higher but drag down by the furniture business. they can maintain a lower impairment on the hire purchase business, i think they should be able to do the same to the furniture business too.
23/05/2019 9:32 AM
Meng by comparing the annually result, the hire purchase business really doing great which revenue and profit before tax increased 16% and 23% from financial year 2018. the company really doing well to improve the loan quality and significant reduce the impairment allowance. total hire purchase receivables grow 23% but the impairment reduced instead, well done. block discounting increase intact with company direction. but there is not perfection, the increase of workforce recently not yet see to have any positive effect to the business yet.

for furniture business, i think after all these years, although see the improvement, but still the profit margin still very low, just passed 2.5% this year, most of the expenses go to cost 60%+ and other expenses 30%+. now the impairment allowance come to a concern level 1.5% from the revenue, this is quite high if compare to the profit margin 2.5%.. hopefully the management will put some effort in the furniture business, improve the dealership, or find other better dealers.

overall the business seems to be positive, wish coming year business can grow more and stable
23/05/2019 5:33 PM
thanaraj ELK- RESOUCES BHD share is a worthwhile investment in terms of its dividend Dy=4.61% and ROE at 8.0% which is better than your bank FD interest rate at 3 to 4 %. The Agm is on 8/8/2019.The annual report for year 2019 will not be mailed to you ( lazy lot these days) unlike other years and you have to contact the company Registrar which is Tricor. Or you can request Tricor (at Bungsar South) by phone to mail to yr home address. A.David
10/07/2019 4:47 PM
EricHoe any special news about this share, last week till now keep on rise, nowI all time high
16/07/2019 11:09 AM
Meng business growing up...
16/07/2019 4:41 PM
chwong28 https://www.thestar.com.my/business/business-news/2019/07/16/elkdesa-establishes-rm1bil-mtn-programme/
16/07/2019 11:00 PM
chwong28 Elkdesa, same industry as Aeon Credit and Rcecap, providing Hp loan for used car. Going to issue MTN medium term note of RM100m to increase their business, high capacity for leveraging up
16/07/2019 11:01 PM
chwong28 TP 1.98, could be higher with issuance of MTN, expected revenue and profit growth 20% per year
16/07/2019 11:02 PM
RainT wah
13/08/2019 2:16 PM
PenguinDad no more game. run out of steam. ha...
18/08/2019 8:12 AM
Kingfisher Know nothing about this very steady and resilent counter..Somemore want to comment !!!
Real Penguin lah..
19/08/2019 11:21 AM
PenguinDad Slowly distributing and than say good bye! Ha....
20/08/2019 8:05 AM
sleang another set of good results! steady..
22/08/2019 7:03 PM
tracylim Indeed.. I will just keep Elk as a mini blue chip.
22/08/2019 8:27 PM
Meng better than many blue chips in the market
23/08/2019 9:03 AM
PenguinDad distributing again! fooling everybody.
23/08/2019 9:31 AM
Meng the hire purchase receivables grow 7.67% this quarter. compare to previous year average quarterly grow rate at 5.32%. expect will have better performance next quarter.
23/08/2019 10:37 AM
PenguinDad wait for 3 more months and continuous distributing...will u hold. ha....
23/08/2019 11:08 AM
Meng i din sell since the day i bought.
23/08/2019 11:28 AM
PenguinDad we got a investor here.
23/08/2019 1:40 PM


 

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