Highlights
KLSE: DENKO (8176)       DENKO INDUSTRIAL CORPORATION MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.69   -0.10 (5.59%)  1.64 - 1.73  6,292,100
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Overview

Market Cap: 1,938 Million
NOSH: 1,147 Million
Avg Volume (4 weeks):649,058
4 Weeks Range:1.64 - 1.95
4 Weeks Price Volatility (%):
16.13%
52 Weeks Range:0.615 - 2.00
52 Weeks Price Volatility (%):
77.62%
Average Price Target: 0.38
Price Target Upside/Downside: -1.31

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2017[#2]  |  21-Nov-2017
Next QR | Est. Ann. Date: 31-Dec-2017  |  21-Feb-2018
T4Q P/E | EY: -140.60  |  -0.71%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.0376  |  44.95
T4Q NP Margin | ROE: -12.34%  |  -31.93%

Headlines

Date Subject
14-Feb-2018 Mplus Market Pulse - 14 Feb 2018
19-Jan-2018 Daily Technical Highlights – (DENKO, PCCS)
22-Nov-2017 PublicInvest Research Headlines - 22 Nov 2017
15-Nov-2017 M+ Online Technical Focus - 15 Nov 2017
24-Oct-2017 Mplus Market Pulse - 24 Oct 2017
05-Apr-2017 价量齐涨遭质询.能特工业:不知情

Business Background

Denko Industrial Corporation Berhad (Denko) is an investment holding company. The Company operates in four segments: manufacturing, which is engaged in the manufacture and sale of consumer and industrial products; trading, which is engaged in wholesaling and retailing of foodstuff; management services, which is engaged in the provision of management services, and investment holding, which holds investments in subsidiaries. It operates through three manufacturing divisions, such as Plastic Division, Packaging Division and Food Division. Packaging Division is engaged in operations, such as stamping /die cutting, vacuum forming and a range of product base, which covers Electrical and Electronic, semiconductor and specialist medical industries. The Food Division operates with the brands, such as HOMAX, EROMAX and LTS within Malaysia. On March 29, 2011, the Company disposed its entire interest to a third-party in a subsidiary, Eromax Industries Sdn. Bhd.
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  Mohd Nor Mohd Zamri likes this.
 
moneyface25 this counter fair value only 0.38-0.50, very obviously wanna grab money from market, recently price up are being manipulated
20/06/2017 14:13
Duitlai Denko warm up again
06/07/2017 15:37
moneyface25 where got?
06/07/2017 16:09
ZIHENG @successor26, business director is not the key person, it is good news she leave.
23/08/2017 14:53
ZIHENG @moneyface25, yes, even employees also few years no bonus.
23/08/2017 15:01
bpt1 The Foo family bought out Denko's shareholders via reverse takeover and injected two major profit making companies ATA, an assembly manufacturer and Jabco, which specialises in air filter. Combined these two operations would provide substantial profits to the Group as they together with existing subsidiary Winsheng, an injection moulding company are part of Dyson Malaysia supply chain.

ATA is one of Dyson biggest prime contractors which makes various vacuum cleaner models at their plant in Senai, Johor. The other prime contractors listed in Bursa are VS Industry and SKP which also draw most of their profits from Dyson. Jabco at the moment is Dyson sole air filter supplier.

As an indication to future profitability of Denko when once all these 3 companies consolidate their earnings under the Group, VS and SKP would provide a fair measure. Take note that both VS and SKP net profits are in excess of RM100 million each with PE 21 and PE 17 times respectively on the back of 2.8 billion (VS) and 1.8 billion (SKP) turnover.

Also consider this fact. Denko total number of shares is only 104 million. This counter is definitely way under its intrinsic value.
23/08/2017 17:59
bpt1 As michaelwong posted on 14/6, syndicates may be suppressing its price at the moment or perhaps we may have to wait for Denko to reveal its full potential profitability before the price start to move upward.
23/08/2017 18:06
ZIHENG bpt1, Foo is using his personal name bought Denko's shares, is he promise he will inject two profit companies to Denko? And i don't think these two companies is fully owned by him.
24/08/2017 09:09
ZIHENG If i have two very profitable companies, why i want to inject to another company and share profit with public? Unless i have a very good reason and benefit to do so.
24/08/2017 09:12
successor26 There is no official announcement that Mr Foo have injected other two companies into Denko.
Mr Foo will not make such a wrong move to merge a successful companies with an unprofitable company.

This clearly shows speculators gang up to drive the share price to go up.

I hope public will not get cheated by this gimmicks.
24/08/2017 12:33
ZIHENG Few years ago, when Dato Ong family take over Denko, public also expect that Ong will inject in their profitable family companies, but finally nothing happen. To inject another profitable company, they should do some corporate activities, either right issue or private placement, all need ask $$ with public. Otherwise, don't think they will pump in for free......
24/08/2017 13:31
adamant question to all the sifu. why nobody throwing away this stock despite the so "sucky" QR? Why syndicate choose one such as this? And at such a high price. Be reminded that this stock is mind boggling. It has shot from 60 cents all the way up to RM1.3.

P.S Not that i support denko. Its just that i seriously dun get it. Please enlighten this poor soul.
24/08/2017 14:26
successor26 Public is being misled by propaganda made by speculators! That is the reason no one is throwing away the stock.

It's better to be safe than sorry!
28/08/2017 08:38
VenFx Blog: TECH - ATE vs EMS(v.i.) 谁是2018年的下一场黑马 [EG 8907]
https://klse.i3investor.com/servlets/forum/600131409.jsp
04/09/2017 16:10
VenFx Calculation For EG's Fair Value Price,
已经完成我的模拟价格计算, (EG)
Should Worth :$1.27 ( Post R.i.)
(EG)合理价格是 : $1.27 (按照 “供股”后)

https://klse.i3investor.com/blogs/EG8907/131409.jsp
15/09/2017 12:43
Joshk On behalf of the Board of Directors of Denko, AmInvestment Bank Berhad wishes to announce that the Company has applied for suspension of trading in the securities of the Company, pending the release of a material announcement.

The request for suspension was made under Paragraph 3.1(a) of Practice Note 2 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”).

Bursa Securities has approved the aforesaid application and trading in the securities of the Company has been suspended with immediate effect.

This announcement is dated 20 October 2017.
20/10/2017 16:42
Money168 suspension of trading but still haven't make related announcement? when will resume of trading? monday?
21/10/2017 10:07
sticky denko is black horse
24/10/2017 07:32
Joshk with the acquisition, Denko will now have 1.1 billion shares. At RM1.15, current price is slightly over valued.
24/10/2017 08:59
bpt1 ATA and Jabco operations will fully reflected once the proposal is carried out. Their prime contractor business with Dyson is comparable to VS and SKP. Dyson brand is wide accepted in Europe and US and command premium price which in turn unlike Japanese, Koreans and Chinese OEMs, their prime contractors enjoy extremely lucrative margins.
24/10/2017 08:59
traderman next tp 2 ?
24/10/2017 11:10
bpt1 Q2 Jul-Sep result will be nothing spectacular but better than Q1 due to some trading activities with ATA & Jabco, Q3 Oct-Dec Denko combined profits with IMS impaired provided proposal acted on time.

Q4 Jan-Mar, low business months in Dyson supply chain cycle but still higher than Q2 as IMS fully consolidated.

Next financial year will show full profitability. Profit will be > RM100 million at least unless they screw up Dyson business. You can confidently work on PE 20 times.
24/10/2017 11:36
rr88 Exuberantly overvalued. EPS = 70mil/1.13 bil = 6 cent.
24/10/2017 13:49
rr88 Plastic company PE < 20
24/10/2017 13:51
Joshk I wondered where the 1 billion new shares for the acquisition come from. Will it be fundraising from the public? The 1 billion new shares cannot be created from nothing. So, once the fund raising starts, I foresee the price will drop. Can anyone advise?
24/10/2017 14:35
bpt1 rr88 Exuberantly overvalued. EPS = 70mil/1.13 bil = 6 cent.

No, if your main customer is Dyson.
24/10/2017 15:03
yingchai Negative point:
-Earning Per Share only 6 cent (riding on RM70Mil/1.13bil)
-Will ask for more money from investors
-Have to keep for years only can enjoy the good profit.
-Fair price= RM1.3225 (15% premium @ RM1.15)

Why pay more @ above Rm1.50++????

Be patient and wait for it to drop. Target price =RM1.3225.....
24/10/2017 17:58
mancingbursa http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=12640
24/10/2017 19:34
Ivan89 Any view on this stock?
23/11/2017 22:48
23/11/2017 23:10
Hawks VS Industry and SKP Resources have taken off due to increased business from Dyson. Buying into Denko allows one to ride with ATA (once the acquisition by Denko is completed next year), one of the 3 major suppliers to Dyson along with VS and SKP
24/11/2017 19:24
yingchai still long way to go. The share sales agreement hv to seek for shareholder's approval in EGM. which will takes approximately 3 months... Too much uncertainty and better wait and see. The value buy is RM1.322....

Why pay more????
27/11/2017 15:30
VenFx I like yingchai's sharing here.
Very pro , and trust to be very fair without bias.
At present market pay slightly higher premium over the deal to be seal in due course.
I believe any above 1.53 will attract seller .

I'm collecting at low still, above 1.53 will sell.

Save my time a lot.
02/12/2017 09:46
Lappier811 worth to wait if your client is Dyson
05/12/2017 17:14
VenFx Dam good !
17/01/2018 18:20
Lappier811 hahaha.... durian still yet drop... more to come
17/01/2018 18:34
Nizam Kksb venfx you still holding this stock
18/01/2018 15:38
ahot75 1.48 till now within 1 week..
18/01/2018 16:21
VenFx @ Nizam ,
Plan to sell ,
Momentum is still very strong.
My own calculation is Denko should trade ranging of 1.45
This Denko real darling in 2018
18/01/2018 22:52
VenFx Hope the momentum didnt varnished after the R.i. exercise. D
18/01/2018 22:55
ironmania Rise n shine..
18/01/2018 23:49
Lappier811 You will slowly see they overtake skp....
19/01/2018 07:08
yiqqre Today's price 2.20
19/01/2018 09:10
LOOK009 I hear it can be raised to 2.50.
19/01/2018 09:55
wkkht Today's market is back.
19/01/2018 10:13
VenFx Happy with Denko's reward ....
Buy back later.
19/01/2018 18:38
Hawks At EGM yesterday, Denko received 100% shareholder support for purchase of IMS. The stage is set for Denko to rise to be amongst the giants in the Malaysian Plastic Industry
30/01/2018 12:42
kwai when is the quarterly report ya?
20/02/2018 16:59
trader4567 buy now and keep
23/02/2018 18:08
VenFx Wont buy at above 1.53 :)
23/02/2018 18:47


 

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