Highlights
KLSE: TAWIN (7097)       TA WIN HOLDINGS BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.11   0.00 (0.00%)  0.11 - 0.115  375,800
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Overview

Market Cap: 39 Million
NOSH: 357 Million
Avg Volume (4 weeks):4,387,468
4 Weeks Range:0.105 - 0.125
4 Weeks Price Volatility (%):
25.00%
52 Weeks Range:0.10 - 0.60
52 Weeks Price Volatility (%):
2.00%
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019  |  30-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  29-Nov-2019
T4Q P/E | EY: 13.49  |  7.41%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.2428  |  0.45
T4Q NP Margin | ROE: 0.68%  |  3.36%

Headlines

Date Subject
03-Sep-2019 Technical View - Ta Win Holdings Bhd TAWIN (7097)
30-Aug-2019 TAWIN: A Turnaround Company with Capacity expansion with Vertically integrating to downstream Biz (Davidtslim)
26-Aug-2019 估价较低·发行量大 大稳控股PA折价交易/温世麟硕士
19-Jul-2019 Trading Stocks - Ta Win
15-Apr-2019 Trading Stocks - Ta Win
12-Apr-2019 PublicInvest Research Headlines - 12 Apr 2019
21-Mar-2019 Trading Stocks - Ta Win

Business Background

Ta Win Holdings Bhd is an investment holding company which is engaged in the provision of management services. The primary business was the manufacturing and sales of enameled copper wires and copper rods. It is carried out in Malaysia, Hong Kong and the People’s Republic of China. The company’s subsidiaries are engaged in investment holding, manufacturing and exporting enameled copper wires and copper rods to various markets, licensed manufacturing warehouses and trading of enameled copper wire. Majority of its revenue is derived from Malaysia.
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  anthonylow likes this.
 
robert168 For the 3 months ended 30 June 2019, the Group recorded a higher revenue of RM104.15 million as compared to RM82.067 million in
the same corresponding quarter ended 30 June 2018. The higher revenue is mainly due increase in the sales volume from 2,833
tonnes to 4,315 tonnes despite an 8% drop in the average price level.
The Group recorded higher gross profit of RM1.895 million as compared to RM0.411 million in the same corresponding quarter ended
30 June 2018. This was mainly due to an increase in gross margin from 0.5% to 2%
20/09/2019 6:39 PM
robert168 looks at this statement will prove everything.. that company in the right direction
20/09/2019 6:39 PM
robert168 and following will be the good shit.. better margin product..
20/09/2019 8:33 PM
robert168 The joint venture with Justin Wong Chee Feng, Wong Ah Piaw and Latitude Technology Sdn Bhd via Cyprium Wire Technology Sdn
Bhd, that was announced in April 2019 marks the Group’s first foray into the cable industry, a downstream venture in the value chain.
It will use innovative electron beam irradiation technology and it is part of the Company’s strategy to capitalise on new and viable
opportunities complementing its existing business to drive growth. This joint venture is operational as of August 2019 and is expected
to reach current capacity by second quarter of financial year ended 30 June 2020.
20/09/2019 8:33 PM
chang1986
26/09/2019 11:32 PM
robert168 just wait for it
29/09/2019 2:44 AM
robert168 that time you will won't say 烂anymore
29/09/2019 2:44 AM
robert168 do believe the share price will act like sin wave chart.. just about timing when up and when down.
29/09/2019 8:42 AM
chang1986 先cut loss比较好
02/10/2019 8:45 PM
HuatHuat No eye see... Dont know how low is low
03/10/2019 10:29 AM
chang1986 场外交易tawin pa 0.02分,够力
03/10/2019 5:34 PM
chang1986 huat huat你手上有tawin是吗?
03/10/2019 5:34 PM
Eddieloong 在哪里可以看到看到场外交易?
03/10/2019 9:23 PM
chang1986 在报纸有刊登
03/10/2019 9:55 PM
chang1986 这股太烂了,cutloss 先比较好收回本钱,买强势股
03/10/2019 9:56 PM
HuatHuat Chang1986.... My tawin 0.165.....
04/10/2019 12:25 PM
chang1986 哇,够力咯
04/10/2019 5:18 PM
brucewayne77141 Very soon this stock will shine again
05/10/2019 4:56 PM
Peter Lee run
06/10/2019 11:03 PM
HuatHuat Brucewayne77141, how soon, hahaha
07/10/2019 9:21 AM
chang1986 今天又在丢票晕
07/10/2019 8:46 PM
Will8080 Trading halted. Any news ?
08/10/2019 9:22 AM
chang1986 应该公司有问题吧
08/10/2019 8:56 PM
robert168 just wait for the right timing.. around the corner
15/10/2019 9:53 AM
robert168 everyone already rebound.. left this.. just wait it's turn.. even Armada and knm also able to make a u turn.. just wait and see
16/10/2019 8:01 PM
Eddieloong Keep selling 0.11
17/10/2019 1:12 PM
robert168 good readings as below
17/10/2019 8:28 PM
robert168 https://issues.solarindustrymag.com/article/rise-solar-unique-opportunity-copper
17/10/2019 8:31 PM
robert168 with the industrial 4.0 and solar panel. do believe tawin will benefit from it
17/10/2019 9:09 PM
Eddieloong When the AGM?
23/10/2019 2:40 PM
robert168 don't think will have positive news till 3rd or 4th quarter of 2020 financial year.. hmmm
29/10/2019 8:59 AM
robert168 gonna be another 2 quarter of loss
29/10/2019 8:59 AM
chang1986 一毛钱了
31/10/2019 5:29 AM
LTTrade This stock is a growth stock . As a trader , in order to make money you need to buy low . Tawin wa at ...0.045 ..to me is a very good time to collect with with positive risk to reward ratio . In stocks , appreciate low price and you will appreciate higher price more .
31/10/2019 8:26 AM
robert168 look back what is the exercise for wa first
06/11/2019 7:57 AM
LTTrade wa got less scripts than pa . Easier if to control . We shall see which one moves faster when time comes .
06/11/2019 9:46 PM
soso9999 gogogo
07/11/2019 12:20 PM
robert168 I like it move it.. love it.. I like it move it
07/11/2019 12:46 PM
soso9999 makan 0.12
07/11/2019 2:06 PM
Eddieloong Run,x habis makan
07/11/2019 4:10 PM
robert168 https://www.bloomberg.com/news/articles/2019-11-07/china-says-it-agreed-with-u-s-to-roll-back-tariffs-in-phases?srnd=premium-asia
07/11/2019 7:34 PM
robert168 will think it another way.. after this news.. seems like good news coming liao
07/11/2019 7:34 PM
robert168 tomorrow confirm the market will uptrend
07/11/2019 7:38 PM
robert168 史丹说:“我们仍专注大马市场,本地需求非常稳定,但大马是个小市场,但若要增长,就需考虑海外市场,其中中国规模最大。”

“现在我们有优势,因为其中一个联营伙伴来自中国,因此我们将善用这个机会进入中国市场。”

该公司去年与中国Full Dragon电子(广东)有限公司,及香港永盈有色金属贸易有限公司成立联营,利用废铜再生来制造铜线,而联营伙伴将完全承购产出的产品。

大稳控股持有联营公司65%股权,而后二者分别持有10%与25%股权。

为配合严厉的零废料进口目标,中国去年开始禁止进口废铜,因此,再生铜技术将成公司产品出口中国优势之一。

史丹补充:“铜能高度重复使用不会耗损,因此可持续回收,并节省5%原料成本。”

另外,该公司总产能1000公吨的生产线已全面设立,由于目前处于调试阶段并等待客户回馈,因此,只开放600至700公吨左右产能,估计2020财年次季可实现全面生产。
07/11/2019 10:40 PM
limyauc PROSPECT REVIEW
The prospects for Ta Win are very positive, especially considering the new strategic direction mentioned above (see “Strategic Review”).

TWC, one of our newly established businesses, will double the Group’s revenue once production is ramped up in the coming quarters. Due to its use of recycled copper, which is sold at a discount to the London Metals Exchange price despite its comparable quality and usability, TWC’s profitability is expected to have a positive impact on the overall Group’s margins.

Cyprium, our second newly established business, will have a substantial positive impact on the Group’s profitability due to its margins being considerably higher than our legacy business. At the time of this report’s publishing, the production lines have just been set up and commissioned. We are now entering the initial stage of ramping up production, which primarily involves hiring and training staff. The market demand for Cyprium’s products is very strong due to the uniqueness of our technology in Malaysia, hence we are confident that we will capture the local market swiftly, and we expect to require expansion of capacity in the coming years.

As for our legacy business TWI, we expect the replacement of our old equipment with new Industry 4.0 equipment to have a material impact on profitability due to production costs savings
08/11/2019 10:59 AM
limyauc STRATEGIC REVIEW

On a strategic level, we have made it a priority to transform the company into a modern vertically integrated copper manufacturing business with an international focus. We aim to augment the value we create along our value chain by venturing downstream and upstream, while discontinuing any business segments that do not present favourable prospects. To that end, we have discontinued the enamelled wire business, which targeted a declining industry and was dragging down our performance due to lack of scale. Instead, two new strategic businesses have been launched through joint ventures to set up new production facilities in our existing manufacturing plant in Alor Gajah Industrial Estate, Melaka. Through these businesses we are following our new strategy of vertical integration, downstream by entering the high-end-cable business, as well as upstream by introducing a new production input – recycled copper. These businesses are expected to contribute significantly to the top and bottom lines of TWHB.

The core business of Ta Win since its inception has been Ta Win Industries (M) Sdn. Bhd. (“TWI”), which is involved in the manufacturing and sales of high quality copper wires and rods of various diameters. Its capacity is 1,000 metric tonnes per month and its utilization rate rarely drops below 90%. Around 60% of TWI’s revenue is generated locally in the Malaysian market, supplemented by exporting to India, China, and Southeast Asia. Within these geographic markets, TWI supplies mostly to the cable and electronics manufacturing industries.

As for the two new businesses recently launched, the first is Ta Win Copper Sdn. Bhd. (“TWC”), of which Ta Win owns 65%. TWC is a joint venture with a Chinese copper manufacturer, which moved one of its production lines to our manufacturing plant in Alor Gajah. The trigger for this business setup was the Chinese government’s ban on the importation of scrap into China. By setting up the operation in Malaysia, we are able to source recycled and refined copper scrap locally, process it into copper rods, and export to our joint venture partner’s existing market in China. We have secured an offtake agreement with our partner for the entire 1,000 tonne monthly production capacity of this business, removing market risk.

The second business launched this year is Cyprium Wire Technology Sdn. Bhd. (“Cyprium”), of which Ta Win owns 80%. Cyprium is a joint venture with a local party. Our partners in this business are highly experienced veterans of the Malaysian cable industry, with unique intellectual property enabling them to design state-of-the-art equipment, using which they can produce high-margin diverse cable products. Together with our partners and our equipment suppliers we have already designed, built, installed, and commissioned five Industry 4.0 production lines, which can produce cables for an array of high growth industries including solar, oil & gas, electronics, and automotive.
08/11/2019 11:01 AM
limyauc OPERATIONAL REVIEW

The new management team has implemented multiple operational improvement initiatives this year, with significant positive impact to the effectiveness and efficiency of our operations.

Our main supplier contract has been renegotiated from a high fixed monthly commitment to a lower flexible one. This reduces our risk of inventory build-up during potential seasonal or cyclical slowdowns in the market.

In fact, our profitability in this fiscal year was materially adversely affected by such inventory build-up, which was caused by a major equipment malfunction in the beginning of the year. TWI’s furnace was down for almost a month, during which coincidentally the market price of copper dropped from $7,000/tonne to less than $6,000/tonne due to the emergence of the US-China trade war.

As a result, our average inventory cost increased dramatically compared to the market price, and we were forced to sell our products below cost. At that time, we quickly flew in an expert from our equipment supplier’s headquarters in Finland to fix the issue, provide updated operating procedures, and train our staff on best practices to avoid any future malfunctions. Since then, we have not had any such equipment breakdowns, nor do we expect any in the future.

Furthermore, we have implemented commodity hedging practices using forward contracts and swaps from local banks to ensure that even when we do not have sufficient sales contracts to cover our incoming raw materials, we can lock-in a future selling price based on the prevailing market price at the time. In general, we follow a back-to-back arrangement with both our customers and our suppliers to lock-in the same price to avoid commodity price risk. Our back-to-back arrangement, together with our hedging facilities and our renegotiated supply contract, effectively secures us from any material commodity price risk.

Another major important undertaking this year has been the sale of our old drawing equipment (used to “pull” the rods and wires to reduce their diameter) to make way for brand-new Industry 4.0 equipment to replace it. The new equipment will be much more energy and labour efficient, and will take up a smaller footprint in our factory, making room for future expansion. We have also redesigned and re-arranged the factory to a much better organised layout, providing a better work environment for our staff
08/11/2019 11:06 AM
soso9999 so is nice or not nice
08/11/2019 12:58 PM
Eddieloong Will next week up again?
09/11/2019 9:15 PM
robert168 frozen mode
19/11/2019 10:52 PM


 

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