Highlights
KLSE: VERTICE (7240)       VERTICE BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.91   -0.01 (1.09%)  0.90 - 0.92  705,300
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Overview

Market Cap: 172 Million
NOSH: 189 Million
Avg Volume (4 weeks):1,157,505
4 Weeks Range:0.86 - 0.97
4 Weeks Price Volatility (%):
45.45%
52 Weeks Range:0.77 - 0.97
52 Weeks Price Volatility (%):
70.00%
Average Price Target: 1.08
Price Target Upside/Downside: +0.17

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#1]  |  29-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  30-Nov-2019
T4Q P/E | EY: -18.65  |  -5.36%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.66  |  1.38
T4Q NP Margin | ROE: -4.96%  |  -7.39%

Headlines

Date Subject
17-Oct-2019 Mplus Market Pulse - 17 Oct 2019
11-Oct-2019 Stock on Radar - Vertice (7240)
03-Sep-2019 Vertice Bhd - Penang Infrastructure Beneficiary
14-Aug-2019 PublicInvest Research Headlines - 14 Aug 2019
14-Aug-2019 Mplus Market Pulse - 14 Aug 2019
02-Jul-2019 PublicInvest Research Headlines - 2 Jul 2019
01-Apr-2019 PublicInvest Research Headlines - 1 Apr 2019
31-Mar-2019 大道合约终止·VERTICE获赔3650万
07-Mar-2019 PublicInvest Research Headlines - 7 Mar 2019
07-Mar-2019 Mplus Market Pulse - 7 Mar 2019
14-Feb-2019 Mplus Market Pulse - 14 Feb 2019
04-Feb-2019 PublicInvest Research Headlines - 4 Feb 2019
04-Feb-2019 Mplus Market Pulse - 4 Feb 2019
14-Dec-2018 AmWatch - Stock Focus Of The Day
14-Dec-2018 PublicInvest Research Headlines - 14 Dec 2018
29-Nov-2018 Daily Market Update - 29 Nov 2018 (VERTICE, D&O)
01-Nov-2018 PublicInvest Research Headlines - 1 Nov 2018

Business Background

Vertice Bhd manufactures apparels, footwear, and accessories and operates a cafe and fair events. It is also engaged in branding and retailing of beauty and wellness products. The group is currently operating principally in Malaysia only. The company's reportable segment includes Apparels, footwear, and accessories; Food, beverage, and events; Beauty and wellness and Construction. Apparels, footwear and accessories segment provides designing, branding and retailing of fashionable apparels, footwear, sportswear, and accessories, and operation of concessionaire sales. Food, beverage, and events provide operation of a cafe, retailing and related services, and operate as an organizer in sales and fair events.
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  爱丽丝 梦幻世界 likes this.
 
khoo https://www.thestar.com.my/business/business-news/2018/01/10/ewein-confirms-arrest-of-group-md-in-relation-to-macc-investigation/
10/01/2018 6:40 PM
Rusli Widad Meanwhile, apparel retailer Vertice Bhd said the MACC investigation on the Penang undersea tunnel project will not impact its progress.

It said the role of Consortium Zenith Construction Sdn Bhd — a 13.21% associate company of Vertice as the main contractor for the project will continue as previously planned.

Vertice said the financial performance of the group is also not expected to be adversely impacted by the recent reported events.
11/01/2018 7:10 AM
akram https://www.thestar.com.my/news/nation/2018/01/13/dr-wee-questions-role-of-fashion-firm-in-penang-undersea-tunnel-project/

I smell politics?
14/01/2018 4:16 PM
Stockgod8 The investigation is a joke. Not that pakatan corrupt but it's a political suicide.
16/01/2018 10:09 PM
saufi74 Wah..lower and lower..
17/01/2018 9:36 AM
klboy888 i think will drop to 60 sen or lower. want to sell or not also dunno
17/01/2018 9:43 AM
nike_heart going lower, any suggestion?
17/01/2018 1:30 PM
kekayo How now... hold or sell ?
17/01/2018 3:07 PM
BIGAPETITE opportunity to collect at lower price while still pending investigation
17/01/2018 3:51 PM
saufi74 Collect some 0.78-0.79..
17/01/2018 9:23 PM
BIGAPETITE share cap less than 150 million, great for capital restructuring if investigations all clear
18/01/2018 10:10 AM
saufi74 Sold 0.85..cheers..
18/01/2018 3:48 PM
OTLi 0.84@20180124, to hold or to sell?
24/01/2018 1:40 PM
tubegmali Got chief judge as chairman wor? Something going on right?

https://asia.nikkei.com/Markets/Nikkei-Markets/Malaysia-s-Vertice-Names-Former-Chief-Judge-Arifin-Zakaria-As-Chairman

Nikkei Markets
KUALA LUMPUR (Feb 13) -- Vertice, a Malaysian apparel manufacturer and retailer, said it has appointed former Chief Judge Arifin Zakaria as its non-executive chairman effective Tuesday.

The appointment of Arifin, 67, follows the resignation of Zarul Ahmad Zulkifli to pursue "other business interests," Vertice said in an exchange filing. The company, formerly known as Voir Holdings, has also appointed Azirul Salihin Anuar as its independent director, it said in another filing.

In January, Vertice said the Malaysian Anti-Corruption Commission was investigating an undersea tunnel project in the Penang state being built by its 13.2%-owned associate company Consortium Zenith Construction. "The role of Consortium Zenith as the main contractor for the project will continue as previously planned," it said.
13/02/2018 3:42 PM
arv18 DATO' ZARUL AHMAD BIN MOHD ZULKIFLI 07-Feb-2018 Disposed 2,400,000
MR MOHD ASFIRDAUS BIN ASRI 07-Feb-2018 Disposed 2,400,000
MR WONG KWAI WAH 07-Feb-2018 Notice of Interest 800,000
MR ZARUL IKHWAN BIN ZARUL AHMAD 07-Feb-2018 Disposed 2,400,000
VISTA LESTARI DEVELOPMENT SDN BHD 07-Feb-2018 Disposed 2,400,000
DATO' ZARUL AHMAD BIN MOHD ZULKIFLI 30-Jan-2018 Disposed 1,600,000
MR MOHD ASFIRDAUS BIN ASRI 30-Jan-2018 Disposed 1,600,000
MR ZARUL IKHWAN BIN ZARUL AHMAD 30-Jan-2018 Disposed 1,600,000
VISTA LESTARI DEVELOPMENT SDN BHD 30-Jan-2018 Disposed 1,600,000
DATO' ZARUL AHMAD BIN MOHD ZULKIFLI 09-Jan-2018 Disposed 800,000
MR MOHD ASFIRDAUS BIN ASRI 09-Jan-2018 Disposed 800,000 0.000
MR ZARUL IKHWAN BIN ZARUL AHMAD 09-Jan-2018 Disposed 800,000
VISTA LESTARI DEVELOPMENT SDN BHD 09-Jan-2018 Disposed 800,000
DATO' ZARUL AHMAD BIN MOHD ZULKIFLI 05-Jan-2018 Disposed 1,900,000
MR MOHD ASFIRDAUS BIN ASRI 05-Jan-2018 Disposed 1,900,000 0.000
MR ZARUL IKHWAN BIN ZARUL AHMAD 05-Jan-2018 Disposed 1,900,000
VISTA LESTARI DEVELOPMENT SDN BHD 05-Jan-2018 Disposed 1,900,000
DATO' ZARUL AHMAD BIN MOHD ZULKIFLI 03-Jan-2018 Disposed 2,100,000
MR MOHD ASFIRDAUS BIN ASRI 03-Jan-2018 Disposed 2,100,000
MR ZARUL IKHWAN BIN ZARUL AHMAD 03-Jan-2018 Disposed 2,100,000
VISTA LESTARI DEVELOPMENT SDN BHD 03-Jan-2018 Disposed 2,100,000
DATO' ZARUL AHMAD BIN MOHD ZULKIFLI 02-Jan-2018 Disposed 400,000
MR MOHD ASFIRDAUS BIN ASRI 02-Jan-2018 Disposed 400,000
MR ZARUL IKHWAN BIN ZARUL AHMAD 02-Jan-2018 Disposed 400,000
VISTA LESTARI DEVELOPMENT SDN BHD 02-Jan-2018 Disposed 400,000

Why all the furious insider selling?
18/02/2018 11:32 PM
OTLi the unit price had gone up a little despite all the furious selling? Any idea?
20/02/2018 12:16 PM
k6ii can all in ke?
11/05/2018 10:13 AM
kekayo Woawwww 1.05
14/05/2018 10:54 AM
k6ii Hoseh....eat ar
14/05/2018 12:12 PM
abc333 buy before it fly
04/06/2018 9:17 AM
k6ii wow...Ewein dah fly...ini tunggu meletup….
04/06/2018 10:21 AM
abc333 warrant is attractive
04/06/2018 2:54 PM
abc333 fly
19/07/2018 11:49 AM
kekayo Ouch......
26/07/2018 11:30 AM
k6ii http://www.theedgemarkets.com/article/vertice-bags-rm27m-desaru-subcontract-work
27/08/2018 8:32 PM
kasrim buy now... up up up soon
29/08/2018 10:02 AM
k6ii QR report is green...up soon?
29/08/2018 7:41 PM
rlch Mudajaya also get same project before but later terminate when cannot do. What is so special abt Vertice?
05/09/2018 11:14 AM
Jordan Khoo Keep going, up up up !
05/09/2018 11:35 AM
Jack Lim Cannot understand why it's still not moving with all these announced good news?
05/09/2018 1:41 PM
Jack Lim http://www.thesundaily.my/news/2018/09/03/vertice-joint-venture-company-wins-rm815m-contract-related-party-deal
05/09/2018 1:48 PM
why_no_dividend Vertice loses RM340mil highway sub-contract
https://www.nst.com.my/business/2018/09/411411/vertice-loses-rm340mil-highway-sub-contract
16/09/2018 12:22 PM
Jasper Coo Good news incoming, oh yeah !
18/09/2018 11:13 AM
Alfonso Dont talk about the noobie Mudajaya here, there are simply too noob to handle any projects.
04/10/2018 9:52 AM
why_no_dividend Dividend when? How much?
07/10/2018 12:31 PM
apolloang why down? ewein up leh
18/10/2018 5:26 PM
stockmethods here is the good news http://www.theedgemarkets.com/article/vertice-confident-about-infrastructure-project-penang
31/10/2018 11:19 AM
stockmethods No wonder today up so much: http://www.theedgemarkets.com/article/vertice-ready-move-has-big-plans
31/10/2018 6:35 PM
stockmethods This is a real good news: http://www.theedgemarkets.com/article/vertice-bags-rm25m-modification-job-gentings-arena-stars
31/10/2018 9:00 PM
apolloang any reason share up today? cos I sold already.....everytime sold sure up......all ib's manipulation in bursa yet bursa buat tak tahu
28/11/2018 4:33 PM
goldenluck16 Vertice and Vizione,,,,,stocks to watch on Monday. CNY ang pow counters.
31/01/2019 9:02 PM
michaelwong Vizione maybe yes but not vertice .
31/01/2019 9:15 PM
Jimmy Song VERTICE’S REVENUE SURGED BY 58%


KUALA LUMPUR, MALAYSIA – FEBRUARY 27, 2019

Vertice Berhad (“Vertice” or “the Group”) is pleased to announce its financial results for the quarter and year-to-date ended 31 December 2018. The Group announced on 27 November the change of its financial year end from 31 December 2018 to 15-months ending 31 March 2019.

For the quarter under review, the impressive 58%, year on year, increase in revenue to RM53.3 million was primarily attributed to the construction business on-going projects progressing with higher capacity in terms of value of work done which resulted in higher progress billings. The commencement of two new projects secured with contract values ranging from RM10 million to RM25 million and an existing contract with additional scope of works further improves the revenue for the current quarter as compared to preceding year corresponding quarter.

As compared to the preceding year corresponding quarter loss after tax of continuing operations of RM2.2 million, the current quarter profit after tax of RM0.3 million was mainly contributed by the construction business’ outstanding performance. The construction business recorded a RM1.6 million profit before tax (“PBT”) as compared to RM0.4 million achieved in the preceding year corresponding quarter.

The year-to-date revenue increased by 67% or RM80 million from RM120 million in preceding year corresponding period to RM201 million. The construction business contributed 77% or RM62 million out of the increase of RM80 million.

The construction business year-to-date PBT was RM4.1 million in contrast to RM0.7 million recorded in the preceding year corresponding period. This was achieved with more contracts secured and more progress billings in the current financial year as compared to last financial year. As a result of the increasing positive returns propelled by the construction division, the Group’s overall balance sheet improved significantly. Net asset per share rose to RM0.78 as at 31 December 2018 compared to the previous RM0.64 per share as at 31 December 2017.

In January 2019, the Group's construction arm, Vertice Construction Sdn Bhd, through its 50:50 joint venture company, Buildmarque Construction Sdn Bhd, accepted the letter of award of contract worth RM815 million for the construction of a by-pass from Bandar Baru Ayer Hitam connecting to Lebuhraya Tun Dr Lim Chong Eu (Package 2 of the Penang Mega Infrastructure Project) ("PMIP"). The project is expected to commence construction on 31 August 2019. It is expected to contribute positively to the Group’s financials.
To date, the Group has a total outstanding orderbook of over RM700 million which will contribute to the Group’s earnings visibility up to 2022. The Group’s balance sheet remains healthy with a current ratio of 3.25 times, gearing of 0.05% and a cash and cash equivalent position of RM37.4 million as at 31 December 2018.

To date, the Group has a total outstanding orderbook of over RM700 million which will contribute to the Group’s earnings visibility up to 2022. The Group’s balance sheet remains healthy with a current ratio of 3.25 times, gearing of 0.05% and a cash and cash equivalent position of RM37.4 million as at 31 December 2018.

Vertice Board of Directors commented, “We are delighted that our construction business continues to prosper and bringing in steady and increasing revenue and profits. This demonstrates that our construction arm is growing steadily.
In line with the Group's diversification initiatives, our construction business is continuously sourcing for new projects to enhance its order book. Such potential projects are expected to contribute positively to the Group’s financials. We are confident of securing more contracts from the PMIP in view that the said PMIP total contract value is RM6.0 billion (excluding Feasibility Study & Detailed Design worth RM305 million). With more packages being secured from the PMIP, the Group is expected to be kept busy for the next 10 years in terms of its construction business activities. The Group will continue with its diversification into infrastructure and property investment which will provide additional earnings streams which is expected to enhance the Group’s profitability and returns on shareholders’ funds.”
28/02/2019 9:31 AM
Jimmy Song PRESS STATEMENT
By Consortium Zenith Construction Sdn Bhd

4 March 2019
Response to posts by Malaysia Today blog on the undersea tunnel and roads project
It has been brought to my attention that Malaysia Today, a political blog outfit run by Raja Petra Kamarudin had posted a series of nefarious posts in regards to the Penang undersea tunnel and roads project.

These blog posts are pure fiction and clearly concocted to deceive and defame me, my company and the Penang state government. Even Prime Minister Tun Dr Mahathir Mohamad had said it is a lie.

Lest we forget, I have been once remanded for 11 days by the Malaysian Anti Corruption Commission (MACC) for what was billed as an extensive investigation into the project.

Besides me, my entire company was called for questioning, spending a total of 40 days in and out of the MACC office, cooperating with every single aspect that was being investigated. This includes close scrutiny of our accounts.

The MACC had even hired external consultants to see if we were fair in our pricing. And clearly, given the magnitude of our project, our prices were fair, justified and above board.

May I remind all sceptics out there that this case was investigated and completed way before the change of government had taken place. There was plenty of time to level charges against me or anyone else alleged to receive bribes.

Today, my primary goal today is to put all of my resources into this project as soon as possible so we can kick off with what will be ultimately useful for the people of Penang in the long run.

It has been very challenging for me over the years to counter every single allegation, but yet the truth has always prevailed. I pray that God gives me the strength to persevere and complete the task as I am tasked to do.

Dato' Zarul Ahmad Bin Mohd Zulkifli
Senior Executive Director
Consortium Zenith Construction Sdn Bhd
04/03/2019 9:59 AM
Investhor https://www.theedgemarkets.com/article/vertice-bags-rm100m-subcontract-lrt3-precast-viaduct

KUALA LUMPUR (March 6): Vertice Bhd has secured a RM100 million subcontract to supply labour and equipment for the precast viaduct (u-trough girder) of the Light Rail Transit Line 3 (LRT3).

The group's wholly-owned unit Vertice Construction Sdn Bhd (VCSB) accepted the subcontract offer from Reaptile Industry Sdn Bhd today, Vertice said in a stock exchange filing.

Reaptile is the main contractor for the precast viaduct for the construction of the LRT3 line from Bandar Utama in Petaling Jaya to Johan Setia in Klang via Shah Alam.

"The subcontract is expected to contribute positively towards the group's earnings and net tangible assets for the period of the subcontract," said Vertice.

The two-year construction period ends on March 5, 2021.

Shares in Vertice rose 4 sen or 4.7% to close at 90 sen today, giving the group a market capitalisation of RM168.22 million.
07/03/2019 3:19 PM
volks2 why the price suddenly up? any news?
10/10/2019 9:22 AM
bajauinvestor the pigeon bring news that penang tunnel project will be announce in budget 2020
10/10/2019 9:58 AM
goldenluck16 Tomorrow will announce tunnel project, besides Vertice, look out for Ewein and Ideal.
10/10/2019 5:09 PM
Noni https://www.theedgemarkets.com/article/verticevizione-jv-wins-rm815m-job-penang-mega-infrastructure-project

Get back??
11/10/2019 2:37 PM
Noni https://www.theedgemarkets.com/article/verticevizione-jv-wins-rm815m-job-penang-mega-infrastructure-project

U mean getting this back?
11/10/2019 2:38 PM


 

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