Highlights
KLSE: METROD (6149)       METROD HOLDINGS BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.34   +0.02 (1.52%)  1.34 - 1.34  9,000
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Overview

Market Cap: 161 Million
NOSH: 120 Million
Avg Volume (4 weeks):10,538
4 Weeks Range:1.30 - 1.35
4 Weeks Price Volatility (%):
80.00%
52 Weeks Range:1.08 - 1.43
52 Weeks Price Volatility (%):
74.29%
Average Price Target: 2.72
Price Target Upside/Downside: +1.38
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2020 [#3]  |  25-Nov-2020
Next QR | Est. Ann. Date: 31-Dec-2020  |  28-Feb-2021
T4Q P/E | EY: -26.04  |  -3.84%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 3.3971  |  0.39
T4Q NP Margin | ROE: -0.71%  |  -1.52%

Headlines



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Business Background

Metrod Holdings Bhd is an investment holding company. Along with its subsidiaries, the company is engaged in manufacturing and marketing of electrical conductivity grade copper wires. It operates in two business segments Copper Business segment includes procurement of raw materials, manufacturing, and marketing of electrical conductivity grade copper wires, rods, and strips. Its products include copper rod, copper wire, copper strip and copper profile. Its products are used in cables, magnet wire, welding wire, transformers, and lightning protection. And Hotel operations. The company derives the majority of the revenue from Copper Business. Its Copper Business has operations in Malaysia while it has Hotel operations in India.
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VenFx Very consistently in delivery excellent results.
29/02/2016 8:51 PM
Bull13 Latest....boardroom fighting
26/04/2019 9:07 PM
vinext Southern Cable Group BHD IPO 71.2m, 34c:
CABLE and wire manufacturer, 6% mkt share.
to expand production capacity of cables and wires and plastic compound materials A)RM30 mil for capital expenditure and expansion.
(Of this, RM18.5 mil is to purchase and upgrade machinery ,equipment,
RM7.5 mil is to construct new factories ,
RM4.0 mil is to fund the purchase and installation of ERP).
B) RM27.5 mil as working capital
C) RM9.2 mil will be utilised for repayment of bank borrowings and RM4.5 mil would be to defray estimated listing expenses.
22.5% expansion in km of cables & wires:
“The construction of the 2new factories near our current production plants in Kuala Ketil, Kedah, would increase our total built-up area from more than 416,000 square feet to more than 480,000 square feet, new machines and upgrade in current factory, this will expand our total production capacity by 9,050 kilometres of cables and wires to 40,130 kilometres of cables and wires per year by the first half of 2022,” Tung explained.
PVC compound material to expand by 35%:
“To support the higher production capacity, we are setting up a new polyvinyl chloride (PVC) compound production plant next to our current factory in Sungai Petani, Kedah, by first half of 2022. With this plant, our manufacturing capacity of PVC compound material is targeted to increase by 4,200 tonnes to 12,000 tonnes.
Southern Cable’s IPO entails a public issue of 209.3 million new shares and offer for sale of 20.0 million existing shares at an issue price of RM0.34 per share.
Out of 209.3 million new shares, 40.0 million shares will be for application by the Malaysian public, and 22.0 million shares for application by eligible directors, employees and persons who have contributed to the success of the Group. 67.3 million shares under the public issue are allocated for private placement to selected investors and the remaining 80.0 million shares to identified Bumiputera investors approved by the Ministry of International Trade and Industry.
Meanwhile, 20.0 million existing shares would be offered for sale by way of private placement to selected investors.
market size for the manufacture of electric and electronic cables and wires in Malaysia was valued at RM10.3 billion and Southern Cable commanded 6% for the manufacture of electric and electronic cables and wires in Malaysia.
Southern Cable manufactures cables and wires that are used for power distribution and transmission, communications as well as control and instrumentation applications.
The key supporting activities for the cable and wire manufacturing operations include furnace and casting operations and manufacturing of plastic compounds.
The company services various industry sectors such as power distribution and transmission, telecommunications, building and construction, infrastructure, manufacturing and processing industries including oil and gas processing and petrochemical plants.
The Group’s customers include Tenaga Nasional Berhad and Telekom Malaysia Berhad, and has supplied cables and wires for RAPID in Pengerang, Johor, and MRT Sungai Buloh – Kajang (MRT1) projects. – Sept 29, 2020
29/09/2020 6:58 PM
mhanaS https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/copper-supply-faces-struggle-to-keep-up-with-growing-demand-60471925

Higher copper prices may be a boon to some, but perhaps a bane to Metrod.
22/10/2020 6:11 PM


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