KLSE: RGTBHD (9954)       ASIA KNIGHT BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.22   0.00 (0.00%)  0.22 - 0.225  6,036,100
Analyze this stock with MQ Trader system


Market Cap: 127 Million
NOSH: 578 Million
Avg Volume (4 weeks):3,202,035
4 Weeks Range:0.18 - 0.225
4 Weeks Price Volatility (%):
52 Weeks Range:0.08 - 0.36
52 Weeks Price Volatility (%):
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#1]  |  31-Oct-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  27-Mar-2019
T4Q P/E | EY: -1,925.76  |  -0.05%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.0992  |  2.22
T4Q NP Margin | ROE: 4.34%  |  -0.12%


Date Subject
07-Nov-2018 Asia Knight - Turnaround story and potential upliftment of PN17
05-Nov-2018 Asia Knight - Turnaround Story and Potential Upliftment of PN17
28-May-2018 参与母股增长 亚洲武士WB可趁低吸购/温世麟
21-May-2018 AKNIGHT (9954) PN17 - Direction of counter after rights issue?

Business Background

Asia Knight Bhd is an investment holding company, mainly involved in the manufacturing of moulded plastic products through its wholly-owned subsidiary. The manufacturing of moulded plastic products is the core business of the group, which accounts for the majority of revenue. In addition, the group is also involved in the hotel operation and other various activities. The activities of the group are carried out mainly in Malaysia.
Trade this stock for as low as 0.05% brokerage. Find out more.

  2 people like this.
Follower cHANGE NAME: AKNIGHT TO RGTBHD..However, the PN17 status remain unchanged.
29/12/2018 09:15
commonsense The potential delisting of Perisai next month shows the risk of investing in a PN17 company. For RGT Berhad (previously known as Asia Knight) the reason for the company to fall into PN17 is not the same as Perisai. It did not fall into PN17 due to shareholders funds falling below 25% of paid up capital but because of its auditors has express disclaimer opinions on the company’s audited account of FY2014. For me this is worse than Perisai since investors cannot be sure if the numbers reported by the company are actually true or not.

That being said, the company was fast with coming up with a regulation plan of which was successfully implemented last year. The regulation plan for this company evolve around Asia Knight acquiring a 60% interest in Rapid Growth Technology (hence why the name change) for RM48mil which was funded via last year’s right issue exercise. With this acquisition it is expected that RGT would most probably be lifted from the PN17 status in FY19. Hopefully this time, the auditors would not find any major concerns on the accounting treatment of the company’s books.

Based on the 2 most recent quarterly report (1Q19 & 4Q18) the company now can achieve a profit to shareholder ranging around RM1-1.2mil per quarter. Assuming they can manage to deliver a profit of RM6mil to shareholder (average profit for 1, 2 & 3Q19 needs to be RM1.6m), at the current price the company is already valued at 17.3x PE. If you include the warrants (since it is already in the money), that would mean that the valuation would actually go up to more than 20x PE which is high considering the current market environment.

The company’s current balance sheet looks healthy with the company currently having a net cash position of RM20.6mil. The company has an NTA of RM40mil or 7 sens per share. At the current share price, the company is currently trading at a PB valuation of 2.6x.

If you are looking to diversify your portfolio outside of RGT (due to its rich valuation) 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 6.5x 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.
15/01/2019 06:19
Follower Mr. Commonsense..You seems to be advertising the counter MBMR...I presume you must be holding a lot of the shares..can share what is your entry price.
15/01/2019 09:29
kenyong Post removed. Why?
15/01/2019 09:30
Joseph hmm so this means this counter most likely wont suffer same fate as perisai?
15/01/2019 09:33
SureWin1Woh Can sense some accumulation now. Most probably due to good upcoming QR, and eventual upliftment from PN17.
15/01/2019 14:42
SureWin1Woh If QR no good, insider would not accumulate shares at this point in time
15/01/2019 14:43
superbull11 https://klse.i3investor.com/blogs/mqtraderinfo/168841.jsp
19/01/2019 11:40
OSEResearch Post removed. Why?
19/01/2019 11:41
The_Reds watch out for this counter...
25/01/2019 14:52
William Choong No use, someone dun let the price pass 0.195...
25/01/2019 14:56
The_Reds Almost ready to go to next phase..
25/01/2019 17:08
tracker113 anybody know when is the QR?
29/01/2019 19:36
billionn Sth fishy is brewing
31/01/2019 14:59
SureWin1Woh #billionn:
Yes, now this fella is in accumulation stage judging from the recent volume transacted. Will explode after QR
02/02/2019 18:35
6stars 20s now. Anybody knows when is QR announcement ?
08/02/2019 09:45
The_Reds Definitely this month..
08/02/2019 10:30
PN17player Wonder this coming Q result got profit or not
08/02/2019 15:49
Kenny Q report will out at end of Feb. Sure got good profit. The revenue and profit are very stable.
08/02/2019 22:23
azlan88 looks like accumulation is almost done. the rest is sapu by individual investors. Bright future from earning growth from injection of RGT group.
09/02/2019 16:19
thesteward Will be a star this week . Fingers crossed Keke
10/02/2019 17:53
billionn Aiyo dun cross la every time when ppl said said finger crossed means mampus lor better run now
11/02/2019 00:18
billionn Oooo game over buyers more than sellers
11/02/2019 10:04
Follower Wow..billionn..you are amazing..game over also you know..no wonder you are a billionass.
11/02/2019 12:22
Follower Oop..I mean billionaire.
11/02/2019 12:28
Lim Beng Teik Come down pls I am waiting.....
11/02/2019 17:41
FullTime TP 50 cent upon exit PN17.
12/02/2019 10:24
Lim Beng Teik NTA 10c TP 50c?
12/02/2019 11:18
FullTime Still got ppl follow NTA? outdated
12/02/2019 16:41
thesteward Today will break .215 fingers crossed .
13/02/2019 01:08
ChartMaster There is a seller keep throwing 2 to 3k most of the time . hard to break 215 now
13/02/2019 12:26
billionn Mampus lor every time dick cross pussy cross sure gone case
13/02/2019 12:36
The_Reds operators already in position, just waiting for the D-day
13/02/2019 12:39
FullTime Before Q result out ,RGT need to show the q result to bursa and to apply lifting of pn17 . together with lifting pn 17 , only they will announce their q result next week.
13/02/2019 12:45
billionn Oops time to sell
15/02/2019 12:36
ChartMaster got one donkey keep selling.
15/02/2019 14:39
SmallBang how many times has it passed 20 cents and never sustained?
15/02/2019 17:13
peterho lai liao! My TP 0.30
15/02/2019 17:56
thesteward Ya accummulation done. Soon gogogo
17/02/2019 11:07
ChartMaster this stock has contract of guaranteed profit. sure up up up to sky
18/02/2019 10:16
The_Reds operators sudah bangun...show time!!!
18/02/2019 16:19
Bird87 con counter la
19/02/2019 09:59
PN17player depend whether this Q got profit or not, if this Q got profit , surely will exit pn17 this two weeks. if no profit, then cant .
19/02/2019 10:49
The_Reds based on last 2 quarter reports and the chart movement..u edy know the answer
19/02/2019 11:07
PN17player but why got one donkey keep blocking at 22 cents , each time selling 2k to 5k.
19/02/2019 11:11
The_Reds that donkey is one of the operators...they are doing some tricks only
19/02/2019 11:35
PN17player let's see the result this few days first
19/02/2019 12:09
Bird87 hard man.... qr in few days time?
19/02/2019 12:39
ChartMaster yes. hope got profit
19/02/2019 15:33
Bird87 hope company turnaround lo
19/02/2019 16:52


479  278  511  586 

Top 10 Active Counters
 SAPNRG 0.31+0.005 
 ARMADA 0.215-0.01 
 SAPNRG-WA 0.100.00 
 HSI-H4Y 0.23+0.015 
 HSI-C3W 0.335-0.04 
 AZRB 0.415+0.03 
 DNEX 0.325+0.01 
 HSI-C5D 0.32-0.03 
 EAH 0.02+0.005 
 SEACERA 0.335+0.02 


1. Investment Bloggers Day 2019 MQ Trader Announcement!
Partners & Brokers