KLSE: EURO (7208)       EURO HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.155   -0.005 (3.12%)  0.15 - 0.155  315,800
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Market Cap: 53 Million
NOSH: 340 Million
Avg Volume (4 weeks):299,775
4 Weeks Range:0.14 - 0.165
4 Weeks Price Volatility (%):
52 Weeks Range:0.125 - 0.365
52 Weeks Price Volatility (%):
Average Price Target: 0.66
Price Target Upside/Downside: +0.505

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  29-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  28-Feb-2019
T4Q P/E | EY: -31.46  |  -3.18%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.29  |  0.53
T4Q NP Margin | ROE: -1.82%  |  -2.16%


Date Subject
18-Sep-2018 Mplus Market Pulse - 18 Sept 2018
26-Jun-2018 Mplus Market Pulse - 26 Jun 2018
14-Mar-2018 Daily Technical Highlights – (EURO, BKOON)

Business Background

Euro Holdings Bhd is a Malaysian based company engaged in the manufacturing and trading of office furniture. The business activity of the firm is functioned through Manufacturing, Property development, and Investment holding segments. The company’s activities primarily include manufacturing and trading of office furniture, Property development of residential properties, and Investment holding operations. It offers products related to office furniture, fabric materials, partitions, steel furniture, chairs, and panels. Geographically the group has business across the region of Malaysia, India, Indonesia, Singapore, Europe, Middle East and in also in other countries of which Malaysian region accounts for the majority of revenue.
Analyze this stock with MQ Trader system

  noor98 likes this.
whichone We are collect almost .......Time....
22/08/2018 11:43
whichone As long as we know you game over. We will roll out another game....

If you are still in game . We will not touch.
22/08/2018 17:53
whichone But please patient.
22/08/2018 20:32
whichone Wait till ikan masin hidup....It is coming
22/08/2018 20:33
whichone Fighting with buaya....
23/08/2018 09:57
whichone Buaya is panic....Seeing another BIG buaya.....
He knew he is small fly only!!
23/08/2018 09:58
whichone Clear my last batch to ikan masin ...Bye bye!
23/08/2018 11:22
whichone Enjoy the trap
23/08/2018 11:22
kakakemas volume still there...all panic...wait until T10 lah weiii
23/08/2018 17:12
TheGodHoudini Still can up? Or kena trap?
23/08/2018 17:49
upshare Game over...
23/08/2018 21:36
saltedfish 每況愈下
24/08/2018 10:48
upshare Sell and run..
24/08/2018 12:43
Scalp3r Dont run but just walk in huhu
24/08/2018 13:16
upshare Break 0.20 .. run.... apa mau tunggu..
Sila bangun dan lari..
24/08/2018 15:05
John1234 Every day, it generates so much vol to lure pp in. Result will be out these few days...
24/08/2018 18:19
connon Director keep offloading, look like coming qr game over dy....
24/08/2018 22:45
Outstand 150 I will in lowest wver
03/09/2018 17:07
TheGodHoudini can still up?
03/09/2018 23:27
investor8668 anyone gorong this counter ?
04/09/2018 09:41
saltedfish ORA exiting this investment
06/09/2018 08:50
Spyron_09 such an strong rebound counter for first day?
anyone miss out?
good luck`
20/09/2018 21:54
Jasper Coo Price will gap up this morning, good luck to all and enjoy the rollercoaster.... hehe
21/09/2018 10:43
Jake Yap where is the gap up???
25/09/2018 09:16
Jake Yap Let's pushhh
03/10/2018 12:30
d_trade interesting..
26/10/2018 11:11
Scalp3r Going up slowly and steady
26/10/2018 23:32
d_trade yessss. later can push
27/10/2018 04:23
d_trade coming....
07/11/2018 23:04
Popit76 Nice
15/11/2018 20:36
d_trade lets pushhhhh
28/11/2018 11:53
Scalp3r Hehe soon
28/11/2018 22:54
d_trade suddenly got road block at .18
29/11/2018 10:32
d_trade when is d qr?
29/11/2018 16:04
butterflyeffect https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7208
29/11/2018 19:22
d_trade tq
30/11/2018 07:50
thebeginner its time !
04/12/2018 21:23
d_trade when to up.....
06/12/2018 13:40
thebeginner soon !!!
06/12/2018 22:25
d_trade ok. i'll hold my seat!
06/12/2018 23:28
Popit76 Merry christmas hohohoho
10/12/2018 11:27
thebeginner ho ho ho l, Merry Christmas !!!! Santa Claus is coming to EURO !
10/12/2018 15:48
Scalp3r Hayooo santa claus is sleeping ..huhu
19/12/2018 01:45
mf Zzz
19/12/2018 02:12
thebeginner the giant is awaking
19/12/2018 13:19
saltedfish Next year will continue to zzzzz
23/12/2018 12:30
thebeginner Slow and steady, soon will reach tp
12/01/2019 23:40
Scalp3r Hayooo still sleeping...
14/01/2019 20:16
saltedfish Continues to sleep with 100 shares done only....
24/01/2019 22:32
commonsense This is a company that has never been able to deliver substantial enough profit to its shareholder for the past 10 years. In FY17 the company posted a net loss of RM3.4mil to its shareholder. In the 9m18 the losses were at RM2mil which is a bit better compared to last FY17. Expect 4Q to still deliver a net loss to investors.

Those who think that Euro Holdings can suddenly deliver a substantial enough profit for its shareholder in FY 19 might be having some wishful thinking. I would define a substantial profit to be around RM4mil to give the company a PE of 12x at least. Given the challenging market outlook for both the furniture (due to higher operating cost environment) and property industries, I would think that the best result that the company can achieve is a very small profit of less than RM1mil in FY19. The most likely outcome would still be net profit loss to the shareholders.

If you are looking to diversify your portfolio outside of Euro Holdings (due to its weak earnings 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 6.7x 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 5.7x 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.
12/02/2019 14:39


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