Highlights
KLSE: CJCEN (7117)       CENTURY LOGISTICS HOLDINGS BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
0.50   -0.005 (0.99%)  0.495 - 0.50  312,600
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Overview

Market Cap: 197 Million
NOSH: 394 Million
Avg Volume (4 weeks):811,762
4 Weeks Range:0.47 - 0.53
4 Weeks Price Volatility (%):
50.00%
52 Weeks Range:0.385 - 0.91
52 Weeks Price Volatility (%):
21.90%
Average Price Target: 0.63
Price Target Upside/Downside: +0.13
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  15-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  27-Feb-2019
T4Q P/E | EY: 15.59  |  6.41%
T4Q DY | Payout %: 3.00%  |  46.67%
T4Q NAPS | P/NAPS: 0.8224  |  0.61
T4Q NP Margin | ROE: 3.24%  |  3.90%

Headlines

Date Subject
23-Jan-2019 [转贴] FB LIVE : Study Case : 浅谈CJCEN(7117) - Harryt30
16-Jan-2019 [ Fundamental Analysis – CJCEN (7117 ) ] – J4 Investment Capital
04-Jan-2019 Ports & Logistics - Still Lacking Catalysts
29-Nov-2018 CJ Century Logistics Holdings - Unexciting Near-term Outlook
23-Nov-2018 CJ Century Logistics Holdings - Dragged By Courier Segment
15-Nov-2018 CJ Century - Below Expectations
27-Aug-2018 CJ Century Logistics - No Surprises
27-Aug-2018 CJ Century Logistics Holdings - Waiting On Improvements
27-Aug-2018 CJ Century Logistics Holdings - 2Q18 Earnings Back on Track
27-Aug-2018 Century Logistics - Near Term Headwinds
21-Aug-2018 Technical Analysis - CJ Century Logistics
21-Aug-2018 Daily Technical Highlights – (AWC, CJCEN)
20-Aug-2018 M+ Online Technical Focus - 20 Aug 2018
20-Aug-2018 [转贴] [CENTURY LOGISTICS HOLDINGS BHD,2018年物流业仍将面临挑战] - James的股票投资James Share Investing
20-Aug-2018 Daily Market Update - 20 Aug 2018 (CJCEN, FGV)
03-Jul-2018 阿里巴巴进驻大马‧CJ世纪通运可否受惠?
29-Jun-2018 E-commerce Growth – a Digital Malaysia
18-May-2018 Century Logistics Malaysia - Weaker Logistics Ops and Higher Courier Start-up Costs
18-May-2018 Century Logistics - New Courier Service
18-May-2018 Century Logistics Holdings - Under Margin Pressure

Business Background

Century Logistics Holdings Bhd is an investment holding company. The group is mainly engaged in the provision of supply chain solutions. Its service offering includes international freight forwarding, transportation management and distribution, contract and oil logistics, procurement logistics, and data management services. The group’s business comprises two segments - Total Logistics Services and Procurement Logistics Services. The majority of its revenue is derived from Total Logistics Services.
Analyze this stock with MQ Trader system

  8 people like this.
 
Pirates Anyone knows who are Tiong Nam's customers for their logistics and warehousing division?
20/03/2018 16:12
godhand logistic stocks can buy now.
20/03/2018 16:13
imlearning Now is 0.735....Crying
22/03/2018 16:33
Jeffreyteck Dropping EPS and weak market. Those believed Korean theme and hold until now, just too bad. Anyway, wish good luck ahead. TP 65.
26/03/2018 11:16
Jeffreyteck Latest analyst report revised TP from 1.50 to 0.90, nonetheless never trust them.
26/03/2018 19:36
shpg22 still expensive. Will only enter at 0.40
04/04/2018 00:30
apolloang last day prior to the bonus and split the price is about 2.10 back in 2014. 1 becomes 3 after the bonus and split. profit is 42 mil at that time and now profit is only 21 mil. after the bonus and split ex price is 70cts,now still 71cts,still expensive cos profit down by half yet the stock no drop compare to then
04/04/2018 01:16
godhand apolloang last day prior to the bonus and split the price is about 2.10 back in 2014. 1 becomes 3 after the bonus and split. profit is 42 mil at that time and now profit is only 21 mil. after the bonus and split ex price is 70cts,now still 71cts,still expensive cos profit down by half yet the stock no drop compare to then

cannot just see pe la. its in its expansion phase
05/04/2018 11:24
Lim Tek Wai Who wanna sell please sell it now because bullets going to finish soon. Lol
05/04/2018 15:50
Lim Tek Wai Who wanna sell please sell it now because bullets going to finish soon. Lol
05/04/2018 15:50
Flintstones Century is becoming attractive. 10 years ago, GDEX sales was only RM 68m. And now, their sales had grew to RM 250m at a CAGR of around 14%. Going forward, the last mile logistics pie is only going to become bigger once malaysia gets used to online buying.
17/04/2018 08:43
Jessie Ng that is amazing
17/04/2018 10:09
Joel Chan brilliant
17/04/2018 10:19
LimKL1
17/04/2018 10:49
Jeffreyteck Still good support.
17/04/2018 17:05
Jasper Coo haha
17/04/2018 17:43
17/04/2018 17:53
TakeProfits 1c dividend...What a laugh...Haha Haha..cha cha cha...If you got 5 lots, only mr5. Do What with it? Hmmm. Sumting better than nothing leh
21/04/2018 01:22
Jeffreyteck Still long way for TP 65.
25/04/2018 10:19
shpg22 Treat shareholder like beggar. Another set of lousy result.
17/05/2018 18:37
Flintstones This company will get revalued downwards. The venture into last mile delivery is value destructing to exosting shareholders for now
17/05/2018 18:59
shpg22 Downgrade fair price to 0.38 @ P/E of 11X.
17/05/2018 19:36
Jeffreyteck Finally dropped to own TP65. Revised down to TP50 amid poor results and weakening market conditions. 38 will be the jackpot which I would like to see it happens.
25/05/2018 08:05
verhansolution Buy back share.. Again..
18/08/2018 10:15
verhansolution http://www.theedgemarkets.com/article/ecommerce-southeast-asia-new-ebattleground
19/08/2018 20:16
chkhooju Strong support at 69 cents.
19/08/2018 20:55
davejl wow..sudden bump in the share price!!
20/08/2018 10:30
Lim Tek Wai Good profit, able to buy more nasi lemak already hehehe
20/08/2018 10:46
James Ng https://klse.i3investor.com/blogs/general/170295.jsp
[转贴] [CENTURY LOGISTICS HOLDINGS BHD,2018年物流业仍将面临挑战] - James的股票投资James Share Investing
20/08/2018 11:25
Invest_168 当股价大跌了一轮,投资价值也浮现了,买了就好好收着,耐心等待收成。不必让市场一些杂音所困扰!
21/08/2018 00:21
Striker90 If you believe in logistic growth, can invest TNLOGIS as well
21/08/2018 09:41
Striker90 http://www.theedgemarkets.com/article/jdcombacked-china-logistics-property-eyes-coinvestments-expand-cut-expenses
23/08/2018 22:17
L2 Courier takes flight wef 01SEP2018.

PURCHASE OF COURIER ASSETS BY CJ CENTURY LOGISTICS SDN. BHD. ("CJCL") FROM CJ KOREA EXPRESS MALAYSIA SDN. BHD. ("CJKX")

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=89107&name=EA_GA_ATTACHMENTS

1.2 ....CJCL will assume the entire last mile delivery services of CJKX with effect from the Completion of the SPA.
24/08/2018 18:56
lanciao Go die
27/08/2018 14:31
godhand Sexay
28/08/2018 13:45
Mann5688 Loss die
09/09/2018 14:30
lanciao 买到这间logistics吐血
13/09/2018 22:00
Nicholasming91 看来你给人 con 了
13/09/2018 22:01
lanciao 蓝交公司
13/09/2018 22:14
imlearning I'm bleeding ,what a sucks counter
18/09/2018 23:05
Striker90 http://www.chinapress.com.my/?p=1367065
30/09/2018 15:59
davejl I just saw a programme on 8tv, cjwowshop with the cj logo. anyone has any idea how this programme relates to the company?
17/11/2018 13:15
commonsense Those that are invested in this company will need to be a bit patient when expecting a higher PAT.

I believe that the jump in the profit level will only come once the multi storey warehouse is completed which is expected sometime in 3Q19. The warehouse will increase the company's courier capacity from the current 10,000 parcels/ day to up to 200,000 parcels/day. Breakeven can be achieve when the company reaches 100,000 parcels/ day. Currently the division is still in the red wit EBIT of -RM4.91mil. Expect higher losses until the completion of the warehouse.

The company has actually been able to grow the other 2 main division (Total Logistic and Procurement Logistic) at a combine rate of 43%. However this comes at an expense of margin (drop from a combine of 7.9% Ebit margin to only 6.1%) due to very high competitive logistic market (did not help that some platform owners like Lazada has started their own logistic services).

With all this in mind investors need to be prepare for a lower PAT in FY19 vs FY18. I am targeting a PAT of RM10mil in FY19 vs RM12mil for FY18. In terms of PE this translate to a Fwd PE of 19.1x.
But do take not, most analyst expect profit to grow in 2021 onwards (assuming completion of warehouse, 100k parcel per day for courier service and not so high margin compression for the total and procurement logistics businesses).

Those that are invested in the company will need to be patient and need to look beyond 2021. Management has track record of delivering revenue growth in the past.

For those that have shorter investment horizon, i would suggest them to find companies that could offer earnings growth in 2019.

With that in mind, i recommend them to look at MBMR. The company is a direct proxy to Perodua via its 22.6% interest. Valuation is cheap at only 5.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already at RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17.

Please go through analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.


Good luck.
03/12/2018 10:58
Ggll9999 New low again
19/12/2018 14:18
lanciao Wtf 买到烂股
20/12/2018 01:23
imlearning 我已經虧死了,什麼時候才回本?
02/01/2019 09:53
Mann Ng a little bit up~~~
09/01/2019 12:20
lanciao 很难啦这粒股票 没买的还是不要买好啦
09/01/2019 23:20
myrKing hope this counter will return good profit after a few years
22/01/2019 17:19
lanciao 给他斗长命
13/02/2019 21:21


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