Highlights
KLSE: COMCORP (7195)       COMINTEL CORP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.155   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 22 Million
NOSH: 140 Million
Avg Volume (4 weeks):198,841
4 Weeks Range:0.115 - 0.16
4 Weeks Price Volatility (%):
96.88%
52 Weeks Range:0.08 - 0.835
52 Weeks Price Volatility (%):
18.56%
Average Price Target: 0.32
Price Target Upside/Downside: +0.165

Financial Highlight

Latest Quarter | Ann. Date 31-Oct-2018 [#3]  |  17-Dec-2018
Next QR | Est. Ann. Date: 31-Jan-2019  |  02-Apr-2019
T4Q P/E | EY: -0.44  |  -225.84%
T4Q DY | Payout %: 290.32%  |  - %
T4Q NAPS | P/NAPS: 0.1773  |  0.87
T4Q NP Margin | ROE: -55.15%  |  -197.11%

Headlines

Date Subject
02-Jul-2018 科米特机构掀新章/万年船
13-Jun-2018 Mplus Market Pulse - 13 Jun 2018
27-Apr-2018 PublicInvest Research Headlines - 27 Apr 2018
09-Apr-2018 国际通讯(COMCORP,7195,主板工业股)擴展至绿色能源業
03-Apr-2018 投资者的损失谁来负责?((COMCORP,7195)亏损误报盈利 国际通讯业绩摆乌龙
21-Mar-2018 PublicInvest Research Headlines - 21 Mar 2018

Business Background

Comintel Corp Bhd is a Malaysia-based investment holding company. The business activity of the group is functioned through System integration and maintenance services and manufacturing segments. The System integration segment is engaged in the provision of turnkey engineering design and integration, program management, installation, commissioning and the provision of electronic systems testing and repair; and Manufacturing segment is involved in the provision of manufacturing and assembling of electronic components. The group's operations are substantially operated in Malaysia.
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  11 people like this.
 
KingOfStock QoQ still increase. new core business. :)
28/06/2018 21:30
Buy1sell2 The Group recorded a revenue of RM0.8 million for the current financial quarter under review, a decrease of 99.1% or RM86.6 million as
compared to the corresponding quarter last year. Loss after tax was RM2.4 million for the current financial quarter under review whereas the
corresponding quarter last year recorded a profit after tax of RM2.4 million.
29/06/2018 09:33
Ameera Jia lat.. eat grass!!
01/07/2018 14:47
KingOfStock http://klse.i3investor.com/blogs/rights_of_minority_shareholder/163490.jsp
04/07/2018 22:24
tomanhead Wat is the story here today?
05/07/2018 09:41
Ameera Back to square!
06/07/2018 19:29
tomanhead Yeo's statement good for comcorp.....green energy
12/07/2018 13:10
25/07/2018 21:11
14/08/2018 11:21
tomanhead coming QR must be good...
23/08/2018 14:00
Wong Siew Lok When is OR come out?
28/08/2018 23:51
Buy1sell2 Gone. Those bought at 20 sen. Cry with no tears.
12/09/2018 23:03
Buy1sell2 sell.
28/09/2018 21:07
Buy1sell2 Latest QR result QoQ -176.21% YoY - -353.35%. :(
28/09/2018 21:08
kyosan guys..time to goreng this stock... u can see Merge has moving.. peace~
16/10/2018 17:34
Franklim1989 YAP.. COMING SOON
18/10/2018 17:59
Buy1sell2 Now no volume. very weak market. https://www.thestar.com.my/business/business-news/2018/10/23/klci-falls-below-1700-bloodshed-in-asian-markets/
24/10/2018 07:31
Buy1sell2 Danger!!! 14 sen support ....Broken!!!! Bear is so fierce. Better hide.
https://www.thestar.com.my/business/business-news/2018/10/25/asia-stock-benchmark-enters-bear-market-with-no-end-in-sight/
25/10/2018 21:31
Buy1sell2 14 sen already support turn into a resistance. Very tough to break. Just stay out and go for a holiday.
09/11/2018 22:17
Buy1sell2 10 sen support turned resistant now?
21/12/2018 19:30
Ameera Market v slow...
22/12/2018 08:08
Buy1sell2 Sell.
31/12/2018 23:11
amy898 Ameera still holding this stock?
15/01/2019 11:48
Winmore88 Flying like baby
15/01/2019 12:34
Winmore88 Going to hit 20c
15/01/2019 12:34
Winmore88 Operator accumulated long enough for this counter. Will push up to 20c. Grab some ticket before next spike.
15/01/2019 12:35
guerillaranger heard comcorp negotiating with govt regarding a project no wonder today got volume expecting around 0.20
15/01/2019 13:11
Winmore88 Wow..then should got outcome d...from today's volume.. Could be insider sapu
15/01/2019 13:24
mobidick Yes, the news is comcorp is negotiating something about waste recovery business. But current minister is still reluctant on give permission because she doubt it and the current sentiment about pollution. So company maybe offering to do demonstration for proof of concept. Keep in mind government keep refusing a lot of waste permit from coming into country so it means only local waste maybe able to process. So this counter is still at best a speculator best friend. In any case refer to company pn17 business proposal for business change of direction and turnaround plan.
15/01/2019 15:50
guerillaranger closed at 0.155 with strong volume really think something might be happening
15/01/2019 16:56
guerillaranger comcorp heard that they're going into biomass/biogas plant recently to get them out of pn17

probably they might have proposed to potential suitors to do reverse takeover to inject the power plant into the company
15/01/2019 17:03
Winmore88 Today continue to fly perhaps
16/01/2019 06:17
hkhk kena cuci ka
16/01/2019 11:01
tkl88 https://www.thestar.com.my/business/business-news/2019/01/16/rare-singapore-hotel-site-gets-record-us$415m-bid/
Rare Singapore Hotel site gets record US$415m bid

Property sector for asian countries started to booming ?
16/01/2019 17:33
tkl88 Wow, unbelieveable hot hot super bull market now...
Genting is now at 6.82 +0.40 (+6.23 percent) !!!
17/01/2019 16:46
tkl88 https://www.thestar.com.my/business/business-news/2019/01/17/bull-market-is-coming-back/

Bull market is coming back !
17/01/2019 17:34
ChanZheKang comcorp not doing so well today? why?
17/01/2019 17:40
tkl88 It was spike up from around 8 cents to 0.14 now (already up +75%) !
But bull also need to rest ma...
Just be patient, it will +100%, +500% , +1000% and so on soon...
T.p by end of 2019 => break 0.50
T.p by end of 2020 => break RM1.00
T.p by end of 2021 => break RM2.00
17/01/2019 17:56
tkl88 https://www.thestar.com.my/business/business-news/2019/01/18/new-lrt3-contract-to-be-signed-soon/

New LRT3 contract to be signed soon
18/01/2019 12:53
tkl88 https://www.thestar.com.my/business/business-news/2019/01/18/bumi-armada-jumps-to-highest-since-end-nov/
18/01/2019 19:06
tkl88 Bumi Armada jumps to highest since end-Nov
Armada closed at 0.22 (+0.06) (+37.50%)
18/01/2019 19:07
Buy1sell2 They sold their core business and just holding pile of cash. Some court case still pending. So it is lying idle. The reason why it went up is because some rumors. Nothing concrete yet. So if got profit just take.
19/01/2019 08:27
commonsense The group was supposed to used around RM50mil of the proceeds from the disposal of BCM Electroninc to Aurelius back in Jan 2018 (total consideration RM123.8mil) for 3 new core businesses: System Integration Maintenance Services (SIM), waste to energy business and green waste management business. However, all of management plans did not run smoothly as expected.

Their SIM business is facing challenges. The company had failed to secure any new contracts in Malaysia and faces delays in receivables collection. The legal tussle with U Televisyen has make it harder for the company to secure contracts (which include renewals). As a short-term solution, Comintel is trying to find opportunities in Indonesia but most probably any opportunities will be small (less than RM10mil) due to issue of obtaining financing in Indonesia. The company will need to use internally generated funds for all Indonesia related projects.

The company is currently facing delays in getting the Kuang plant, their maiden project in the waste to energy space, to start operation. Initially the Kuang IPP was supposed to be ready by January 2018 but the company faces delays in getting approval from Sustainable Energy Development Authority (SEDA). All approval from SEDA has since been given. The company hope for the plant to start generating revenue in FY20. However, there was still no update from management on the status of the plant since Nov 2018 (not sure if the plant has started operation or not).

Given the various challenges facing the company, it has since decided to put on hold any new expansions or projects both in the waste to energy (they initially plan was to start another new IPP in Penang) and green waste management businesses. The RM17mil which was initially budgeted for new ventures in green waste management projects has since been allocated as working capital for the Kuang IPP which needed more capital than initially projected. It is expected that the company will used up more of its cash reserves at least until the Kuang IPP starts operations.

Investors need to be prepared for negative earnings along with depleting cash flow for 4Q19 and 1Q20 financial reports.

If you are looking to diversify your portfolio outside of Comintel (due to its earnings uncertainties) 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.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. I am projecting a profit to shareholder of RM160 mil for FY19 which at the current price values MBMR at only 6.2x 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 analyst is around RM3.50.

Good luck.
22/01/2019 06:59
tkl88 As at 4.37pm
Hang Seng => 27,569.19 +448.21 (+1.65%)
Nikkei => 20,773.56 +198.93 (+0.97%)
Shanghai => 2,601.72 +10.03 (+0.39%)
Taiwan => 9,969.61 +92.49 (+0.94%)
Korea Kopsi => 2,177.73 +32.70 (+1.52%)
Spore STI => 3,207.84 +17.11 (+0.54%)
KLSE => 1,700.01 +6.42 (+0.54%)
25/01/2019 16:41
tkl88 All the Asian bourses spike up !!!
Huat ah! Heng ah! Ong ah!
25/01/2019 16:42
hkhk NO STORY?
28/01/2019 13:06
Buy1sell2 Sleep first.
01/02/2019 21:24
tkl88 All the Asian bourses was spike up today!!!

Shanghai => 2,721.07 ( +49.17) (+1.84%)
Hang Seng => 28,497.59 (+326.26) (+1.16%)
Nikkei => 21,144.48 (+280.27) (+1.34%)
Singapore => 3,244.77 ( +43.62) (+1.36%)

Huat ah! Heng ah! Ong ah!
13/02/2019 17:45
tkl88 https://www.thestar.com.my/business/business-news/2019/02/15/growth-beats-forecasts/
Malaysian economic growth beats forecasts Friday, 15 Feb 2019
15/02/2019 12:44
tkl88 Monday onwards bull market to push above RM1.00
Don't missed this golden opportunity to become a wealthy people!
Any price below RM0.80 is a good buy!
Huat ah! Heng ah! Ong ah!
16/02/2019 17:56


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