Highlights
KLSE: PRG (7168)       PRG HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.75   0.00 (0.00%)  0.74 - 0.75  241,400
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Overview

Market Cap: 234 Million
NOSH: 312 Million
Avg Volume (4 weeks):153,237
4 Weeks Range:0.73 - 0.765
4 Weeks Price Volatility (%):
57.14%
52 Weeks Range:0.70 - 0.925
52 Weeks Price Volatility (%):
22.22%
Average Price Target: 1.16
Price Target Upside/Downside: +0.41
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  26-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  28-Feb-2019
T4Q P/E | EY: -105.09  |  -0.95%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.4506  |  1.66
T4Q NP Margin | ROE: 1.84%  |  -1.58%

Headlines

Date Subject
14-Jan-2019 鼎昇集团(PRG) (股东特大)/MSWG前线把关
24-Dec-2018 PublicInvest Research Headlines - 24 Dec 2018
24-Dec-2018 Mplus Market Pulse - 24 Dec 2018
07-Nov-2018 Mplus Market Pulse - 7 Nov 2018
07-Nov-2018 PublicInvest Research Headlines - 7 Nov 2018
01-Nov-2018 Mplus Market Pulse - 01 Nov 2018
04-Oct-2018 PublicInvest Research Headlines - 4 Oct 2018
04-Oct-2018 Mplus Market Pulse - 4 Oct 2018
13-Aug-2018 钱景不妙.飞霓盈利预警阻跌.PRG淡定
13-Aug-2018 Mplus Market Pulse - 13 Aug 2018
07-Aug-2018 PublicInvest Research Headlines - 7 Aug 2018
20-Jun-2018 PublicInvest Research Headlines - 20 Jun 2018
20-Jun-2018 Mplus Market Pulse - 20 Jun 2018
26-Apr-2018 Mplus Market Pulse - 26 Apr 2018

Business Background

PRG Holdings Bhd is in the business of investment holding and the provision of management services. The company segment includes Manufacturing, Property development and construction and Other. The Manufacturing segment engages in the manufacture, sale, and marketing of rubber strips and narrow fabrics, upholstery webbings, covered elastic yarn, rigid webbings, safety webbing, and metal components for the furniture industry, trading and commission agent. The Property development and construction segment are involved in the development and construction of residential and commercial properties. Its Other segment comprises of operations related to investment holding. The company’s manufacturing facilities are located in Malaysia and Vietnam.
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  4 people like this.
 
tksw the director is too rich arr? 81 sen oso buy...
25/01/2017 19:13
tksw The China investor dun wanna to sell oso...
25/01/2017 19:14
tksw kasi tambah sikit
25/01/2017 19:14
tksw better diam diam buy
25/01/2017 19:21
cstrader Buy. Bull started.
02/02/2017 20:36
tksw cstrader sifu, mana ada lembu?
07/02/2017 22:23
tksw ho-lan liao la cstrader sifu...
10/02/2017 10:52
cstrader Not yet. Patient. Buying tomorrow.
23/02/2017 18:57
thesteward cukup rest liao hopefully up again
23/02/2017 23:04
tksw cstrader sifu, today I listen to you and bot somedun cheat me to ho-lan ya.
28/02/2017 17:00
tksw die liao lor, loss liao lor
28/02/2017 17:35
tksw results not good oso no drop, something is brewing
01/03/2017 09:53
tksw oiyo! up wor
01/03/2017 10:01
tksw I tot there will be lali-lintang pukang for me to buy....
01/03/2017 10:03
richmao Hahaha all move to GHL gg.com
05/04/2017 09:37
hallelujah LOL. wait lah...
19/04/2017 14:59
hallelujah maybe there is good news coz the Director been acquiring the shares quietly.
19/04/2017 15:00
pts2222 1Q net profit 1.046 million (decreased 38.47%)
01/06/2017 10:47
cstrader Worth the wait :-)
06/06/2017 20:46
kql0003 up up up
07/06/2017 15:07
jliewch up 30% in two days, more to come
09/06/2017 11:21
buyfreedom http://www.theedgemarkets.com/article/prg-forays-affordable-housing
13/06/2017 14:25
buyfreedom http://www.theedgemarkets.com/article/prg-inks-strategic-agreement-china-firm-undertake-construction-jobs
17/07/2017 16:07
thesteward Good one. Dirs accumulated for quite some time.
19/07/2017 17:38
PYLINK 17-Jul-2017 Additional Listing Exercise of Warrants - 40,000 shares at 0.375.
19/07/2017 17:59
thesteward prg good one
24/07/2017 10:47
thesteward keke
24/07/2017 12:32
monkeyinvestor today up
27/10/2017 09:24
leekh91 KUALA LUMPUR (Oct 26): PRG Holdings Bhd today signed a collaborative agreement with Jiangsu Provincial Construction (M) Sdn Bhd (JPC) to venture into highway, bridge, port, housing development, as well as project investment and financing projects in Malaysia and abroad.

PRG said the agreement formalises the commitments made by both parties in an earlier agreement inked in July, and regulates their rights and obligations as shareholders in the joint venture entity named Premier JPC Sdn Bhd.

PRG will hold a 51% stake in Premier JPC, while the remaining 49% will be held by JPC.

The collaboration will include construction projects potentially worth RM5 billion to be developed by PRG and the subsidiaries of Syarikat Perumahan Negara Bhd (SPNB), PRG said in a statement.
27/10/2017 09:25
monkeyinvestor budget 2018 angpao besar?
27/10/2017 14:59
splaw High time to rise ...PRG
20/01/2018 17:10
Crazy11223 coming RM130
21/01/2018 10:01
monkeyinvestor good news today up in the wind
22/01/2018 13:21
miketyu why no ppl interested
22/01/2018 14:39
bangonluck tarak minyak.... kena pigi isi minyak...
22/01/2018 15:40
monkeyinvestor lol haha
23/01/2018 12:54
monkeyinvestor duit goreng blom sampai lg tuggu
23/01/2018 12:55
miketyu Director Mass buying. apa macam?
27/03/2018 17:29
monkeyinvestor start goreng today 5/4/18!
05/04/2018 12:47
monkeyinvestor anyone here?
05/04/2018 14:20
miketyu i am here waiting
06/04/2018 14:59
ViWizard how is this company?
30/07/2018 09:13
Jasper Coo Today up up up gogo
30/07/2018 10:33
ViWizard haha can meh?
31/07/2018 09:33
Lim Tek Wai climbing, start taking profit hehehe
31/07/2018 10:44
ViWizard can buy?
05/09/2018 16:36
abdrahib To day RSI below 30.Can buy or not?
05/10/2018 08:14
afterlight This DATO' LUA CHOON HANN keep acquiring like mad, lol
27/12/2018 11:25
monkeyinvestor need times just wait can rocket
21/01/2019 22:17
commonsense Both the company’s business in manufacturing (via subsidiary Furniweb) and property development are facing operational challenges which had affected the profit to shareholders. The 9m18 result delivered a total loss of RM3.3mil to the shareholders with 4Q18 also expected to still record a loss. Manufacturing business saw a drop of profit by almost 70% due to the intense competition in the industry. The sales in property has dropped by almost half due to lower sales from the Picasso Residence project. Management is planning to venture into the affordable housing segment which I think is a bit late given the already intense competition in the segment. Even those that are well known in the segment (like Hua Yang) is finding it difficult to deliver profit to their shareholders. In addition, with the new regulation imposed by the Pakatan government, where any residences to be considered affordable, it will need to be have at least 900 sq ft of size and be price below RM300k. This would only mean lower profit margins to the developers.

If you are looking to diversify your portfolio outside of PRG Holdings (due to its earnings uncertainties and bleak business outlook), 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 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
03/02/2019 10:21


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