KLSE: HAIO (7668)       HAI-O ENTERPRISE BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
2.54   +0.01 (0.40%)  2.50 - 2.55  37,500
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Market Cap: 738 Million
NOSH: 291 Million
Avg Volume (4 weeks):218,490
4 Weeks Range:2.47 - 2.72
4 Weeks Price Volatility (%):
52 Weeks Range:2.47 - 5.39
52 Weeks Price Volatility (%):
Average Price Target: 2.58
Price Target Upside/Downside: +0.04
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 31-Jan-2019 [#3]  |  25-Mar-2019
Next QR | Est. Ann. Date: 30-Apr-2019  |  26-Jun-2019
T4Q P/E | EY: 13.76  |  7.27%
T4Q DY | Payout %: 5.71%  |  81.21%
T4Q NAPS | P/NAPS: 0.9977  |  2.55
T4Q NP Margin | ROE: 14.63%  |  17.91%


Date Subject
08-Apr-2019 HAI-O - Adapting to Weakness in the Market
26-Mar-2019 Hai-O - Another Disappointing Quarter
26-Mar-2019 Hai-O Enterprise Berhad - Slowdown of MLM Division
26-Mar-2019 Sapura Energy Bhd - E&C drags earnings
26-Mar-2019 PublicInvest Research Headlines - 26 Mar 2019
26-Mar-2019 Hai-O Enterprise Bhd - 9M19 Below Expectations
15-Feb-2019 [转贴] 陈景岗:支持中国驻马大使馆 海鸥续推动马中友好关系
16-Jan-2019 下跌股:海鸥RM2.65支撑
15-Jan-2019 海鸥 成本重财测砍15%
14-Jan-2019 Hai-O Enterprise Bhd - Expecting Weaker FY19
19-Dec-2018 海鸥 全年股息砍至10仙
19-Dec-2018 下跌股:海鸥RM2.22支撑
18-Dec-2018 Hai-O Enterprise Berhad - Lower Margin Ahead From MLM Division
18-Dec-2018 Hai-O - a Bit Bumpy, But Sales Expected to Stabilize
18-Dec-2018 PublicInvest Research Headlines - 18 Dec 2018
18-Dec-2018 Mplus Market Pulse - 18 Dec 2018
18-Dec-2018 Hai-O Enterprise Bhd - 1H19 Hit By Lower-than-expected Sales
02-Nov-2018 Technical Analysis - Hai-O Enterprise
02-Nov-2018 Stocks On Radar - Hai-O Enterprise (7668)
02-Oct-2018 海鸥 网上营销提高赚幅

Business Background

Hai-O Enterprise Bhd operates as a pharmaceutical company. It operates through three segments namely Wholesale, Multi-level marketing and Retail. The Wholesale segments include wholesaling and trading in herbal medicines and healthcare products, herbs and tea. Its Multi-level marketing segment operates multi-level direct selling of health food, healthcare products, and wellness and beauty products. The Retails segments operate retail chain stores. In addition, it is also in the business of pharmaceutical manufacturing and Chinese medicinal clinics. The company offers its products under the brand such as Hai-O, TONG REN TANG, Herby, HONBO, LongRun, Kaeam, Zan, KOCH and ZHEN-G and many more.
Analyze this stock with MQ Trader system

  5 people like this.
freddiehero half price discount should b 2.50
25/10/2018 3:59 PM
SCK82 FUX CHAO CIBAI HEE and his family. F_U_X
25/10/2018 4:37 PM
bsngpg Bought Hai-O 5 lots at 3.43.
26/10/2018 4:52 PM
SCK82 Fux Ah HEE
29/10/2018 4:07 PM
shpg22 How much u loss dude?? Need to curse till like that??
30/10/2018 12:00 AM
geraldt9 Can't withstand losses, better to stay out .. healthier and with no pressure !
30/10/2018 10:36 AM
SCK82 Almost all stiock is GReen, but the CB HEE stock red. oOo
30/10/2018 4:06 AM
cyeec2000 Actually their share price could be fallen more if no share buy back
30/10/2018 4:50 PM
leslieroycarter Yes m the non stop buy back activities had saved the day ....
31/10/2018 4:41 PM
Bobfoo307 What is the problem with this co ?
Facing financial loses ?
Are Directors & major shareholders disposing their shares ?
13/11/2018 9:38 AM
marccheng Falling unabatedly. 7 year low imminent. Frustrating counter.
13/11/2017 3:41 PM
SCK82 FUX AH HEE and His family.
14/11/2017 7:29 AM
SCK82 Just read a news, about CB Hee, mentioned he is a fux chairty guy. FUX HIM la
15/11/2018 9:25 AM
leslieroycarter Once stop buying ,the reverse will be the result.
21/11/2018 11:49 AM
marccheng Judging by the rate of drop this counter will hit below 1 by the end of first quarter
30/11/2018 11:12 AM
leslieroycarter Hope it may trade Pe 10~12.
09/12/2017 6:26 PM
leslieroycarter 130~160
09/12/2018 2:57 PM
yiniugongxiong HAIO 7668 QUARTERLY REPORT 31 OCT 2018
17/12/2018 7:31 PM
leslieroycarter Reference Price:
Price: RM 2.90
Rolling EPS: RM 0.2070
PE: 14.01
NTA: RM 1.03
Price/NTA: 2.82
PE*Price/NTA: 39.45
Undervalued: RM 1.65
Fair Value: RM 2.19
Overvalued: RM 3.29
18/12/2018 10:45 AM
leslieroycarter PE exceedingly high ...39.45?
It must come down to a realistic level ...at PE 10~12
18/12/2018 10:47 AM
leslieroycarter We may expect more downside n not a good timing to invest ...
18/12/2018 10:49 AM
shpg22 @marccheng
Its less than 2 year low la. Price need to adjust for bonus issue. So expect more down.

marccheng Falling unabatedly. 7 year low imminent. Frustrating counter.
13/11/2018 17:05
18/12/2018 11:10 AM
Muarmali If selling expensive product also cannot generate good profit then you can forget about this counter. :)))
18/12/2018 2:02 PM
shpg22 Downgrade further to 1.75.
18/12/2018 5:20 PM
ttluck can keep as dividen lo.....if they still generous to giv back....
19/12/2018 2:56 PM
1711 Post removed. Why?
19/12/2018 2:56 PM
signalmw buy bye
19/12/2018 2:58 PM
signalmw RM 2 can cconsider
19/12/2018 2:59 PM
KLCI King From 1 year ago RM5.50 all the way going down non-stop to RM2.60 today, crazy
27/12/2018 3:26 PM
BlackWhite Ya lor
31/12/2018 6:16 PM
ocelot Tan family pls buy back more gogogo
03/01/2019 4:45 PM
signalmw not s fast
03/01/2019 5:34 PM
wussyboys sure going drop more soon... wait la.. after chinese new year... LOL ~
05/01/2019 12:11 PM
Najib Zamry Haio once my favourite stock but sad to say the value is overstretched now. The stock should be trading around RM2.50 as I do not foresee the company can chalk up good result this year..
09/01/2019 5:47 PM
signalmw kenaga said 2.3
14/01/2019 5:09 PM
Najib Zamry Haio management has to buck up !!!!!!!!
15/01/2019 9:27 AM
leslieroycarter No more heyday in Haio...it performed quite badly since its height of 5.50 at one time . I had seen co major were buying aggressively ever since it dropped to 4, then suddenly quit buying until it dropped to its lowest level . Analysts r in the view that Haio may face more challenging tines given its products r not that important where tge customers may choose to opt out in bad times . Thus when the economy is good , it will b good . In poor economy times , its share may trade lower still . But the stock was saved by the co given high div payout all these while . If the div were to b low , then 2.3 may not be its low yet.
15/01/2019 10:59 AM
Bobfoo307 Any good news to share ...?
21/02/2019 12:08 AM
Goh Kim Hock everybody happy with the interim dividend from Haio? Not many companies able to give such dividend.
24/02/2019 10:54 PM
Bobfoo307 But the investors are not keen on this stock anymore... low volume !
25/02/2019 2:26 PM
commonsense FY 19 profit is expected to be lower than in FY18 mainly due to the slowing demand of Haio products and the implementation of SST which is expected to increase the overall operational cost of Haio mainly due to the company’s decision to absorb most of the SST in order to price their products competitively. Expect profit margins to decrease in the 3Q19 result to be out this month.

Haio traded at a high of RM5.60 per share back in Oct 2017 and maintain above the RM5 level until March 2018. With a trailing 12 months profit of RM73.2mil, the above RM5 per share price translate to a PE of more than 20x. Investors was willing to pay the high price for Haio shares as they believe that the growth rate of more than 50% seen in 1H18 would persist or at worst would be maintain in the double-digit area for a certain amount of period. When this failed to materialised, some investors decided to sell the shares. This shows the risk of investing in high valuation companies. Investors need to make sure that the high valuation should always be compensated by a high growth in profit as well.

Using RM50mil as the profit target for FY19, at the current share price the company is now being valued at a PE of 15.7x. At this level of PE, investors still would demand some profit growth from the company. Any fall in profit would only makes this company seems to be overvalue when compared to others companies.

If you are looking to hedge your portfolio outside of HAIO (due to its earnings growth uncertainties and relatively high valuation), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.3x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.1x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.
13/03/2019 4:11 PM
yiniugongxiong HAIO 7668 QUARTERLY REPORT 31 JAN 2019
25/03/2019 7:35 PM
chamlo Profit drop 34%.
25/03/2019 8:27 PM
qqq3 what is wrong with MLM? Even Haio profit down.

people don't want to do mlm already?
26/03/2019 1:30 PM
freddiehero 1.50 tell me
26/03/2019 1:35 PM
SCK82 Fux CB Hee
26/03/2019 2:29 PM
enigmatic @SCK82,
he didnt point a gun to your head to force you to buy & hold right?
26/03/2019 2:33 PM
leslieroycarter Mlm has its limitations because of higher payout to upline which made the products sold much more expensive . Haio should devise method like Alibaba or Lazada did by using web based method to market their products on line . This is the future trend o- marketing where products r sold far and wide . This way thd co can expand but no of employees reduced greatly . Overall costs can be reduced greatly n hence greater profits to minority shareholders.
10/04/2019 1:00 PM
xiohai who is our finance minister ?
16/04/2019 9:13 PM
xiohai D ?
17/04/2019 9:55 PM


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