KLSE: EURO (7208)       EURO HOLDINGS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
1.70   +0.01 (0.59%)  1.40 - 1.70  2,038,900
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Market Cap: 454 Million
NOSH: 267 Million
Avg Volume (4 weeks):808,126
4 Weeks Range:1.05 - 1.80
4 Weeks Price Volatility (%):
52 Weeks Range:0.08 - 1.80
52 Weeks Price Volatility (%):
Average Price Target: 0.66
Price Target Upside/Downside: -1.04

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#1]  |  30-Jun-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  28-Aug-2020
T4Q P/E | EY: -37.18  |  -2.69%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.2203  |  7.72
T4Q NP Margin | ROE: -19.28%  |  -20.76%


Date Subject
11-Jun-2020 PublicInvest Research Headlines - 11 Jun 2020
13-Apr-2020 早卖优乐亏大了?/万年船
09-Apr-2020 热门股:优乐上挑98仙
04-Apr-2020 上升股:优乐阻力72仙
02-Apr-2020 Technical Sell: EURO (7208)
17-Mar-2020 Trading Stocks - Euro Holdings
12-Feb-2020 PublicInvest Research Headlines - 12 Feb 2020
12-Feb-2020 Mplus Market Pulse - 12 Feb 2020
06-Dec-2019 Technical Buy - EURO (7208)

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.
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  noor98 likes this.
saltedfish Continues to sleep with 100 shares done only....
24/01/2019 10:32 PM
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 2:39 PM
Scalp3r Death oledi huhu
22/02/2019 1:32 PM
thebeginner not death, soon to come !
24/02/2019 11:50 PM
saltedfish Real dead now. Zero volume
27/03/2019 8:14 PM
ismailkarin Soon under 10 sen
27/05/2019 7:40 AM
thebeginner Good News coming soon !
09/06/2019 4:14 PM
saltedfish D E A D
08/09/2019 11:34 PM
lurhays someone start buy quite alot yesterday 2.30pm... let see how well the momentum goes up...
20/11/2019 10:14 AM
Bard_Rull Anyone can share what triggers Euro price gradually goes up?
30/01/2020 11:00 AM
Vincenbravo Flying Soon...
30/01/2020 10:09 PM
Hunkyman Tp?
03/02/2020 7:09 PM
Yapyapty 0. 30
12/02/2020 12:20 PM
W0099 Fake queue
13/02/2020 4:31 PM
Newbiesky hi W0099, it's been a long time
14/02/2020 3:28 PM
W0099 Hi Newbiesky I’m here. It’s been long time. Hru?
14/02/2020 4:18 PM
Newbiesky fine, busy with work. you are into this counter?
14/02/2020 4:36 PM
Tim2812 Is time to find some pocket money...
27/03/2020 4:01 PM
Tim2812 Is time to find some pocket money...
27/03/2020 4:02 PM
sparkrider Its furniture company...next will be AHB (7315)
30/03/2020 11:57 AM
Tim2812 Huat at huat huat r.
31/03/2020 6:44 PM
Syndicates where is uma?
03/04/2020 4:52 PM
Syndicates hello bursa
03/04/2020 4:53 PM
Cakes Moon Walao, RM6 in a month. But, i dont dare to buy in. Watching.
03/04/2020 9:20 PM
apolloang manipulation this boosa buat tak tahu kah?
03/04/2020 9:39 PM
investor8668 Anyone have news about the company ?
04/04/2020 1:24 AM
kidsplay can someone tell me why this stock wil raise like kisiao?
08/04/2020 9:50 AM
Cakes Moon Who bought 20 cents really huat!
08/04/2020 4:51 PM
eddenio Sold all today.... ::))
08/04/2020 10:49 PM
wudmec fuhh...400%...less a month..kayaaaa
09/04/2020 10:42 AM
iwantmymoneyback Still worth buying this? I miss boat lama already ...
09/04/2020 11:20 AM
wind_00 OMG, so geli.
09/04/2020 12:06 PM
gogowb97 Who know what make it rise alot?
09/04/2020 4:04 PM
weixiang98 Hi, i have discuss why this stock suddenly spike so high at here. Everyone can have a look
09/04/2020 7:53 PM
squidoo Waaaa apa ini??
11/04/2020 6:10 PM
apolloang this is manipulation,boosa say cannot ar? hahaha
11/04/2020 6:16 PM
squidoo Lidat seems like going to continue fly like boeing plane d?
12/04/2020 6:25 PM
squidoo no steam d?
15/04/2020 4:30 PM
mancadet bursa please sue this stock
18/04/2020 11:42 AM
Rolexi Sue?
19/04/2020 1:07 AM
squidoo Got basis to sue?
20/04/2020 12:21 PM
Cakes Moon Time to let it go before too late~
01/05/2020 10:53 PM
Henry Tie some thing out there
06/06/2020 9:57 PM
nowayout Obviously being manipulated until so high....Bursa not taking action...
24/06/2020 9:02 PM
yoyo after pump so high then resigned, oh no!
02/07/2020 2:58 PM
mf tp 1.80
28/07/2020 12:46 PM
mf take profit first
29/07/2020 12:52 PM
dmksn Manipulate, go report to bursa !
29/07/2020 4:15 PM
mf [EURO] Change In Substantial Shareholder's Shareholding - MR ONG KAH HON on 29-Jul-2020
Announcement Date 29-Jul-2020
Substantial Shareholder's Particular:
Details of Changes:
Currency -
Date of Change Type Number of Shares
27-Jul-2020 Disposed 3,560,000
Registered Name ONG KAH HON
Nature of Interest Direct Interest
Nature of Interest Direct Interest
Shares Ordinary Shares
Reason Disposal of 3,560,000 ordinary shares via open market.
Total no of securities after change
Direct (units) 26,604,000
Direct (%) 9.95
Indirect (units) 0
Indirect (%) 0.00
Total (units) 26,604,000
Total (%) 9.95
Date of Notice 29-Jul-2020
29/07/2020 11:00 PM
mf tp 1.80-done
30/07/2020 10:04 AM

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