KLSE: FITTERS (9318)       FITTERS DIVERSIFIED BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.42   +0.005 (1.20%)  0.42 - 0.42  152,300
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Market Cap: 202 Million
NOSH: 480 Million
Avg Volume (4 weeks):795,283
4 Weeks Range:0.40 - 0.43
4 Weeks Price Volatility (%):
52 Weeks Range:0.365 - 0.56
52 Weeks Price Volatility (%):
Average Price Target: 0.59
Price Target Upside/Downside: +0.17

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2019 [#1]  |  28-May-2019
Next QR | Est. Ann. Date: 30-Jun-2019  |  29-Aug-2019
T4Q P/E | EY: 12.19  |  8.20%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.7983  |  0.53
T4Q NP Margin | ROE: 4.67%  |  4.31%


Date Subject
20-Jun-2019 Technical Buy: FITTERS (9318)
20-Jun-2019 Stocks on Radar - Fitters Diversified (9318)
11-Apr-2019 Fitters Diversified - Turning Around Within the Pipes Division
08-Apr-2019 M+ Online Technical Focus - 8 April 2019
08-Apr-2019 Daily Market Update - 8 Apr 2019 (RANHILL, FITTERS)
05-Apr-2019 Fitters Diversified - Turning Around Within the Pipes Division
04-Apr-2019 Construction - A Trying Time
14-Mar-2019 水费调涨促进资本开销·水务股水涨船高
26-Feb-2019 Trading Stocks - Fitters Diversified
18-Feb-2019 换水管工程料活络订单 辉德欲借势返正轨
01-Oct-2018 涉足再生能源上市公司……

Business Background

Fitters Diversified Bhd manufactures and trades safety, firefighting equipment, industrial products, and installs Computerised Fire Alarm Monitoring System. It also provides renewable, alternative and waste-to-energy, and manufactures HYPRO PVC-O pipes. The company’s segments include Fire services; Property development and construction; Renewable and waste-to-energy and green palm oil mill; HYPRO PVC-O pipes manufacturing and distribution and Investment holding and others. It derives most of its revenue from Fire services segment.
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  16 people like this.
talim1027 current is wave 3 stage but this stock shame to moved as lack of momentum. anyway believe one day Willcome.
01/04/2019 9:15 PM
talim1027 since this stock just up 9 sen from previous low 0.40 is it good to give us time to accumulate now.
01/04/2019 9:20 PM
yip_8988 Can't cross over 0.535 no need to hope.
01/04/2019 10:10 PM
crash8593970308 i just finish watching josh Daniel sing labrinths jealous for the umpteen times in x factor 2014 never look down on something that others say is worthless when you know its priceless
02/04/2019 11:15 PM
crash8593970308 believe when I say this is going to be dua ringgit
02/04/2019 11:25 PM
moneylai Normally got ppl talk bad, u have to start accumulate... coz that person hope to buy at low...
03/04/2019 6:17 AM
moneylai Cimb buy call ytd...
03/04/2019 7:22 AM
freddiehero fly liao fly liao..
03/04/2019 8:37 AM
yip_8988 Believe What I said can't over 0.50 Sen don't waste yours time here, the share price will stay here for long long time.
03/04/2019 12:34 PM
moneylai Then y r u here? Y waste time here? Dont waste time here la u... wanna buy low is it? 46.5 u didnt buy?
03/04/2019 6:01 PM
beso better drop more as i want to buy lower as well
03/04/2019 6:07 PM
moneylai How low?
03/04/2019 10:21 PM
moneykj Everyday got big players selling. Results good also no use. Buy low at 0.42 also can't earn much. Think of selling this convert into Parkson. Parkson next week will start. Tomorrow will decide.
03/04/2019 11:30 PM
Newbiesky @moneykj u quit orion Jor?
03/04/2019 11:37 PM
moneykj freddiehero fly liao fly liao..
03/04/2019 8:37 AM

Everyday this counter tipu.
03/04/2019 11:37 PM
moneykj Orion w 250%. Too fat to be resisted.
03/04/2019 11:44 PM
freddiehero hehe.. nice stock
03/04/2019 11:45 PM
hornbill will test 56sen resistance again.
05/04/2019 11:56 AM
moniekj Sold all to convert into Parkson
05/04/2019 3:32 PM
moneylai yip_8988 Believe What I said can't over 0.50 Sen don't waste yours time here, the share price will stay here for long long time.

2 days ago still say cant cross, terus today kena slap... hahahaha
05/04/2019 4:00 PM
moneylai 40 sen only u come to buy and comment la.... u said cant cross... today already cross... dont spin la... bikin malu saja...
05/04/2019 5:18 PM
Newbieinshare FITTERS is expected to perform better in 2019, as its pipes division is on track to receive larger orders, giving rise to economies of scale as Malaysia’s water and waste water infrastructure undergo upgrades, coupled with the central purchase contract from PAAB and commitment of RM50m sales from Unitrade to drive pipes segment’s performance. Meanwhile, the property development & construction division will remain a major contributor due to the construction progress of Azalea@TamanPutra II (RM82m). At RM0.475, valuation at 0.59x P/B is cheap against 10Y 0.7x. With the double bottom formation, we expect FITTERS to advance further towards RM0.50-0.575 after a brief pullback.

Company profile: FITTERS FY18 main revenue contributors include:-

1) Renewables & waste-to-energy segment (RM134m or 38%). Operation of green palm oil mill (Green palm oil mill in Baling, Kedah capacity: 60 MT/hr of FFB) with generation of renewable energy and waste treatment. It has commenced sale of electricity to Tenaga Nasional Berhad (TNB) under Renewable Energy Power Purchase Agreement in March 2018 with feed-in tariff rate set at RM0.47 per kilowatt hour. Targeting to breakeven in FY19/20 as pre-tax losses reduced to RM1.8m in FY18 from RM9.6m in FY15;

2) Fire service (RM116m or 32%) – A reputable “one-stop” fire protection and prevention specialist with over 30 years of experience will continue to be the bread and butter business but experienced declining PBT from RM15.3m in FY15 to RM3.9m in FY18.

3) Property development & construction segment (RM87m or 25%). Established track record for developing high-rise properties in KL, with the completion of Zetapark in Setapak, KL (GDV: RM423.2 mil) in 2014 and Zeta Deskye off Jalan Ipoh, KL (GDV: RM169.3 mil) in 2016. It has also delivered the 365,904 sq ft Festival City Mall to Lion Group and commenced RM97.8m contract to build first phase of Azalea@TamanPutra in 4Q17. Meanwhile, it will commence RM81.5m contract for the second phase of Azalea@TamanPutra in 2H19. Future projects included the redevelopment of Plaza Pekeliling located along Jalan Tun Razak (GDV: RM191m) and 50 acre residential development in Rawang (GDV: RM391.4 m). This division is expected to contribute substantially to in FY19 after recorded RM22m PBT in FY18.

4) PVC-O pipes (RM18m or 5%). Manufacturing and distribution of HYPRO® oriented unplasticised polyvinyl chloride (PVC-O) pipes through 72.3%-owned subsidiary, Molecor (SEA) Sdn Bhd. Its products have proven technology from Spain with superior and more cost-effective alternative to steel- and concrete-based pipes, and other plastic pipes for municipal and commercial use. Since 2015. HYPRO®pipes have gained a strong track record across 10 states in Malaysia, with over 450km of pipes installed and approved by SPAN, Ranhill SAJ, Syarikat Air Negeri Sembilan (SAINS), Air Selangor and Air Kelantan. In Nov 2018, FITTERS secured a central purchase contract from Pengurusan Aset Air Bhd (PAAB) to supply HYPRO PVC-O water pipes from Oct 2018- Sep 2020. PAAB is the owner of water assets in seven states, namely Johor, Melaka, Negeri Sembilan, Kelantan, Penang, Perak and Perlis. To kick off the contract, the PVC-O pipes will be utilised to replace ageing asbestos cement pipes in Kelantan and Johor, and will be expanded to other states in Malaysia in the near future as PAAB plans to upgrade water infrastructure in states under its jurisdiction to ensure uninterrupted supply of water to customers. In Dec 2018, Molecor (SEA) appointed UNITRADE (a major distributor, stockist, importer and exporter of pipes, fittings, valves, accessories, fire-fighting and building materials) as the master stockist and distributer for HYPRO PVC-O water pipes for supply to water and sewerage projects in Malaysia with a commitment to RM50m. Overall, this division is expected to turnaround for FY 2019 after registering accumulated pre-tax losses of RM23.2m from FY15-18.

LT positive following the double bottom formation. Based on weekly chart, Fitters has staged a strong breakout above the 200W SMA at RM0.43 and the 3Y overhead resistance at RM0.45 recently to reach a 52W high of RM0.56 (6 Mar) before ending at RM0.475 yesterday on profit taking pullback. Overall, we remain optimistic that after a brief consolidation to neutralise overbought positions, Fitters is likely to launch another upleg to retest RM0.50 (30D SMA), RM0.52 (upper Bollinger band) and the double bottom long term objective at RM0.575 levels. Key supports are RM0.46 (50% FR) and RM0.44 (61.8% FR). Cut loss at RM0.43.

Source: Hong Leong Investment Bank Research - 5 Apr 2019
05/04/2019 8:20 PM
crash8593970308 if next week can close above 0.50 come to chong kok kopitiam Friday 7am I buy kopi o and roti goyang, if fall below 0.50 wait loh eat nasi lemak loh no need slap here slap there . you need to accept the rules of this game to stay in this games. there Is no right or wrong in this game
07/04/2019 6:54 PM
ding dong ...but how come one of the taukey sold his 100% holding...???
07/04/2019 8:34 PM
Newbieinshare Cause foo ah keow old liao. Wana retired
08/04/2019 10:58 AM
moniekj No hope la this counter. Go buy slow and steady Parkson or fast and furious Ikhmas.
08/04/2019 12:27 PM
holefook67 More states are raising water tariffs which indicates that investment should be flowing to the companies in this sector, including Fitters. Hope they receive some substantial orders having received a letter of award from the water authorities. All the best.
10/04/2019 2:52 PM
holefook67 TnF. Thank you for contributing with a very reasoned and educated reply.
Just wondering what is the breakthrough catalyst for this company.
At least, some brick and mortar business is in place.
I am a long term shareholder which does not say much these days as with some shares, whats the use being long term when share price does not move and dividends are rare.
Holding Frontken for donkey years and then decided to sell out last year and rest is history but life goes on.
All the best to shareholders.
12/04/2019 11:26 AM
AlexanderLim Good stock to buy on next week! Buy buy buy!
12/04/2019 11:24 PM
yip_8988 Yes, for who want to be long term investors current share price is a wonderful price to lock in.
14/04/2019 12:21 PM
moneylai yip_8988 May be not . 0.40 is a very good buy for long term investment

I tot u said 40 sen ia god buy? Upgrade to 48.5 sen d?
15/04/2019 8:14 AM
yip_8988 Yes, but at the movement the share price can't drop back to 0.40 Sen.
15/04/2019 2:46 PM
AlexanderLim Hopeless...Sell Sell Sell
16/04/2019 10:35 PM
Learner One Director sold 3.3M shares. Today he might throw more.
18/04/2019 10:23 AM
yip_8988 Is warrant-B shares. No Worries No impact.
18/04/2019 1:10 PM
klchai123 in short, buy warrants in a uptrend mkt, when price of warrant plus conversion premium lower than mother share price. the longer the remainig term to expiry of warrant, the better.
20/04/2019 3:52 PM
crash8593970308 if selling warrant is a smart move then the fella buying is stupid or he know something we don't hmmmm make you think......
20/04/2019 4:11 PM
klchai123 left hand sells, right hand buys, create buying interest with hope some guys will buy the warrants so that he could sell. if u could buy at 47sen, why do u want to pay for warrant plus another 1 rm to get it?
21/04/2019 6:37 AM
crash8593970308 so the director is not really selling la, he is just trying to fool someone who is that stupid to buy warrant now hmmmmm make you think
21/04/2019 4:19 PM
onecall No news. No push
26/04/2019 8:13 AM
DickyMe Delisting soon
27/04/2019 2:28 PM
ding dong this dividend policy also being widely used by other counters such as gadang few years ago..n to me it just for goreng purpose only just like politician during pru....
27/04/2019 2:55 PM
hafizsu82 go fitter go
03/05/2019 7:22 PM
holefook67 Did anyone of you fine folks attend the AGM today and have any thoughts? I think QR will be out soon but if the share price is not down, maybe there is hope! I think unless there is a TO, tough to see this going up but I hold shares and really want to see this rocket and deliver a return on investment. Govt has forgiven watwer debt of states which should augur well for them but they are so bloody lembab when it comes to stimulating the market with news
28/05/2019 1:16 PM
holefook67 Thank you Jac. Sadly, you can't flog a dead horse and credible as it seems their business is, they just do not know how to impress the share market or the players out there! Medical waste seems good but water is the potential and lets give it some time eh
29/05/2019 11:38 AM
SK1200 Company BuyBack Shares...sure have something good..
30/05/2019 5:36 AM
lachai2004 The management had sold 30 millions treasury shares at 0.40 before the current market move few month's ago, now buying to support it
30/05/2019 8:24 AM
acedon Advertorial the start 2nd June..Ranhill will replace 7000km old AC pipe with HDPE welded....what happen to the PAAB deal to use Hydro PVC 0 then?....if just to replace minor2 repair works than keep quiet lor....dun gv false hope as always
02/06/2019 2:15 PM
JacNgu another shitty gem by RHB INVEST
25/06/2019 10:39 AM
Cityman be patient. they said 2nd half 2019
25/06/2019 1:48 PM


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