KLSE: ROHAS (9741)       ROHAS TECNIC BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.675   +0.01 (1.50%)  0.65 - 0.675  97,100
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Market Cap: 319 Million
NOSH: 473 Million
Avg Volume (4 weeks):68,572
4 Weeks Range:0.65 - 0.80
4 Weeks Price Volatility (%):
52 Weeks Range:0.65 - 1.53
52 Weeks Price Volatility (%):
Average Price Target: 1.49
Price Target Upside/Downside: +0.815
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  27-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  23-Feb-2019
T4Q P/E | EY: 11.95  |  8.37%
T4Q DY | Payout %: 1.48%  |  17.70%
T4Q NAPS | P/NAPS: 0.74  |  0.91
T4Q NP Margin | ROE: 6.68%  |  7.64%


Date Subject
28-Nov-2018 Rohas Tecnic - 3Q results below expectation
02-Nov-2018 Rohas Tecnic - Plagued by legacy issues
12-Sep-2018 Construction - 2Q18 Results Roundup: Weakness Continues
12-Sep-2018 Construction 2Q18 Results Wrap - 2Q18 Results Roundup: Weakness Continues
29-Aug-2018 Rohas Tecnic - Slower Progress Billings
02-Aug-2018 Rohas Tecnic - Shopping in Vietnam
16-Jul-2018 Rohas Tecnic Bhd - Anticipate a strong FY17-20 EPS CAGR of 21%; Potential downtrend reversal amid hammer pattern
16-Jul-2018 Rohas Tecnic Bhd - Anticipate a Strong FY17-20 EPS CAGR of 21%; Potential Downtrend Reversal Amid Hammer Pattern
11-Jul-2018 罗哈斯德力 新订单提振2年业绩
10-Jul-2018 Rohas Tecnic - Second EPCC job win
10-Jul-2018 PublicInvest Research Headlines - 10 Jul 2018
10-Jul-2018 Mplus Market Pulse - 10 Jul 2018
24-May-2018 Rohas Tecnic - 1Q18 result within expectations
20-Apr-2018 罗哈斯德力续收购撑增长
19-Apr-2018 Rohas Tecnic - Infrastructure engineering aspiration
21-Mar-2018 ROHAS – Anticipate robust FY17-19 earnings CAGR of 30%; Building base near 200d SMA before the next upleg
26-Feb-2018 朋友介绍买进‧罗哈德力可持有?
26-Feb-2018 Rohas Tecnic - FY17 Results Above Expectations
21-Feb-2018 罗哈斯德力或成回教股引购兴
21-Feb-2018 9亿合约在手.罗哈德力喜扬6仙

Business Background

Rohas Tecnic Bhd is a Malaysia based investment holding company. The company along with its subsidiaries is principally involved in plastic moulding design and fabrication, plastic injection and blow moulding, provision of secondary and assembly services for the manufacturing of plastic products. These products are supplied to industries such as automotive, electrical and electronic, industrial packaging and consumer packaging. In addition, the group assists customers to design, build, ship, and service electronics products through its network of facilities in Malaysia. The company exports their products to Europe, Mexico, Brazil and Asia.
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  4 people like this.
choop818 Moving up again. Got news?
06/04/2017 10:36
soros90 oh wow. acquiring a new business.
11/04/2017 08:50
marketline https://klse.i3investor.com/servlets/stk/9741.jsp
11/04/2017 16:33
marketline http://www.thestar.com.my/business/business-news/2015/09/22/rohas-euco-plans-rto-of-tecnic/

proposed to buy in HG POWER TRANSMISSION
11/04/2017 16:34
bleuerouge steel counters are rising. how about ROHAS? tower business doing well?
03/05/2017 16:06
rubberlover http://www.theedgemarkets.com/article/rohas-tecnic-bags-rm300m-epcc-contract-laos

Limit up! Good news and will contribute positively to the company this year.
15/05/2017 19:22
bleuerouge bingo...:-)
17/05/2017 08:18
wjboyz will up?
18/05/2017 10:23
Octopus uptrend percentage more than downtrend percentage.. uptrend maybe after T4 of today
and down trend need watch tomorrow..
18/05/2017 14:47
Octopus previously is dead counter
18/05/2017 14:48
zx08 anybody home???
20/07/2017 06:17
Chansey Just announced the hgpt acquisition. Huat ah!
25/07/2017 08:49
Pak Abu Dead counter
25/07/2017 08:51
soros90 Yea dead counter cause people don't realise its worth yet. Hong leong recently initiated coverage at RM1.39 TP based on 16x P/E


Taking this acquisition into account, the stock is trading at 13x P/E which is way cheaper than Pestech's 17-18x P/E.
25/07/2017 09:14
bleuerouge dead counter waking up
01/08/2017 09:33
e_yenn Keep?
03/08/2017 12:21
Jack Maah Cash in hand better than 2 in the bush
03/08/2017 19:27
bleuerouge finally a breakthru..;-)
15/08/2017 17:43
bryankhor82 The deal still in progressing between Rohas and HGPT?
03/09/2017 10:52
kaparseng @bryankhor82 what deal is that?
07/09/2017 16:13
bryankhor82 @kaparseng Rohas Acquisition 75% of HGPT share is expected to be completed in 4Q17.
08/09/2017 19:29
kaparseng @bryankhor82... got it.. mean wait until q4.. thanks dude
09/09/2017 23:39
Aliciabb no move today
11/09/2017 11:31
kaparseng it move little bit... i think like what bryankhor said need to wait Q4
11/09/2017 16:19
PYLINK HALO dealer rohas u siao ka ,keep on typing /void 1.40
07/11/2017 16:57
PYLINK sold @ 1.44 , 1.45
11/12/2017 10:54
Patter Son Mike So what is the story now? Any new sightings?
04/02/2018 01:23
mneo Wait for the QTR report....
09/02/2018 12:44
Lee Yih Yeong wow...congrat
23/02/2018 18:05
mf Limit up
23/02/2018 18:34
UnicornP The EPCC revenue real one or not...
23/02/2018 18:47
Evkarti Evkarti Most high quaternary report I have ever seen..
24/02/2018 06:58
khooowen IS it this share can play short term?
26/02/2018 22:59
bleuerouge what's up Rohas? falling knife continue tomorrow?
02/04/2018 21:32
trulyinvest good result coming. buy b4 too late
21/05/2018 14:19
trulyinvest Good result!!!
23/05/2018 20:18
trulyinvest sold all 1.31 yesterday. bought back1.21
25/05/2018 12:32
trulyinvest sold all 1.29
25/05/2018 15:05
hopelesstrader what happened to rohas? keep dropping endlessly?
14/06/2018 11:01
Stevenchai Offering massive discount to win projects. Made little sense other than trying to build up an impressive order book. Cost of manufacturing will shot up further when PH government pushes for higher minimum wage. Bottom line might not be in black.
16/06/2018 16:57
hopelesstrader Rohas already gone? Anybody holding?
06/07/2018 15:25
Lovers 罗哈德立最近频频宣布标得新合约,但是股价仍从高处滑落。
27/07/2018 15:27
dalpinia http://klse.i3investor.com/blogs/hleresearch/167902.jsp
02/08/2018 09:34
dalpinia Rohas announced that it has entered into a non-binding term sheet to acquire 40% of PMV which is the operator of two water treatment plants with expected capacity of 95 MLD in Vietnam. By benchmarking to Binh An Water treatment plant that has capacity of 100 MLD, 40% stake in PMV is expected to contribute RM4m annual profit to Rohas. This translates to c.10x P/E multiple. Rohas’ proforma net gearing would increase to 21% (from 9%). Forecast unchanged pending for more details and finalization of the deal. Potential increase of 3.5%, 2.4% and 2.1% to FY18-20 earnings post completion of deal assuming RM4m annual contribution and the deal is fully funded by debt. Maintain BUY, TP: RM1.74 (16x FY18 P/E).
02/08/2018 09:34
Lim Tek Wai Good thing coming soon
02/08/2018 11:59
Jasper Coo Huge profit, huat ah
02/08/2018 12:02
newbie investor any comment on this quarter result?
28/08/2018 23:22
hopelesstrader rohas continue lau sai and cannot recover from 1.58
08/10/2018 15:46
Ex7121 Margin call today i guess....
14/11/2018 12:13
commonsense Looking at the 3Q18 result, a lot of investors are getting worried that the profit of only RM100k would be the new norm for the company. However, the reason for the very low profit level was due to an LAD of RM4.1mil relating to a previous already completed EPCC project. Excluding this, the profit would have actually been around RM4.2mil (which is still 40% lower vs 3Q17).

Excluding none core costs (impairments, forex losses and LAD), Rohas 9m18 core net profit is actually higher at RM18.5mil. Assuming that the company managed to achieved a PAT of RM7mil in 4Q, this would bring the total core profit for FY18 to RM25mil. At the current share price, the company is valued at 13x PE which is not high but still above the average construction industry PE of around 10x. It has an EPCC orderbook of around RM450mil which is expected to provide steady revenue and profit for the next 2 FYs. Near-term issue that it currently faces are delays in some of its projects both domestically and abroad (Laos in particular). Revenue should normalize in FY19.

The company has a strong balance sheet with net gearing of only 8.2% giving it the ability to take on more EPCC projects in the near future. Management has indicated that they will be trying to add around RM500mil to their current orderbooks in FY19.

If you are looking to diversify your portfolio outside of Rohas (due to earnings uncertainties relating to project delays), 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 6.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.
09/01/2019 14:28


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