KLSE: APPASIA (0119)       APPASIA BHD ACE : Technology
Last Price Today's Change   Day's Range   Trading Volume
0.13   +0.01 (8.33%)  0.12 - 0.13  558,700
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  5 people like this.
azta12 accumulate now and keep. low level before it start kicking again.
31/01/2019 12:15 PM
commonsense The company has never been able to deliver a full year profit for the past 10 years. 2017 saw the company’s revenue jump substantially which was mainly due to the launch of their new ecommerce platform.

That being said, the high revenue from the ecommerce business did not translated to a more consistent profit to the group. Profit to shareholders is still lumpy with 9m18 registering a profit of around RM600k only. However, if you exclude all the one-off items (impairments, write off, gains on disposal etc), the 9m18 result would have been a negative of RM200k. Investors need to be prepared for the company to still post core net losses in the FY18 and potentially in FY19 as well.

Still not sure how the company will be able to compete with the likes of Lazada, 11th Street, Shoopee and Mudah which all are expecting to invest more aggressively in their platform development in 2019. Lazada alone (which is backed by Ali Baba) is expected to spend more than RM1bil in capex for 2019.

If you are looking to diversify your portfolio outside of AppAsia (due to its weak earnings outlook), 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 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
11/02/2019 12:58 PM
shah1973 talak oohm....
27/02/2019 1:15 PM
Desmond Nah co started making $
28/02/2019 2:56 PM
accurate bila mahu goreng?
21/03/2019 3:56 PM
accurate Appasia to develop an electronic bank confirmation platform
28/03/2019 2:54 PM
birkincollector can start pay attention lor.....director been buying aggresively
03/04/2019 6:34 PM
azta12 grab now ,before the jump
12/04/2019 9:25 AM
milo come on appasia
12/04/2019 10:42 AM
levihi Up up up
12/04/2019 11:06 AM
Desmond Nah nice move
12/04/2019 11:19 AM
ccmeow Yesterday , up 15% . Start collecting at 0.095 , target 1% of its pay up of 348 million shares.
13/04/2019 3:36 AM
milo inari start engine.. sektor teknologi will play soon ??
15/04/2019 11:50 AM
azta12 collect
19/04/2019 10:07 AM
劉尹光 hi threre.... i new here.. what price shld enter
,any breaking news
19/04/2019 11:57 AM
azta12 add
27/06/2019 3:43 PM
yoyo Q2 turn black, positive sign
26/08/2019 1:42 PM
azta12 accumulate
19/09/2019 11:15 AM
azta12 go steady
15/10/2019 11:29 AM
Mohd Akmal Hakim EP 0.105. Lets go appasia. Time to rock
18/10/2019 2:08 PM
yoyo start to see some movement, ada udang?
18/10/2019 5:53 PM
azta12 accumulate now before it spike
21/10/2019 9:59 AM
Investor118 What’s cooking? Any tp price?
21/10/2019 10:33 AM
azta12 collect
21/10/2019 10:40 AM
Desmond Nah nice...
21/10/2019 11:32 AM
yoyo maybe Appasia one of beneficiary of 2020 budget...got good news soon?
21/10/2019 1:11 PM
Mohd Akmal Hakim TP 0.125. Break this one 0.145.
21/10/2019 1:27 PM
rajachulan when the wind come, wave come, tide come, trend come... just get onboard... doesnt matter if it is south west wind ke north eat wind... as long as it is wind bringing wave and tide and trend...
21/10/2019 1:43 PM
yoyo tide? wave? Storm? or Tsunami?
21/10/2019 5:12 PM
azta12 add and hold
22/10/2019 9:08 AM
Mohd Akmal Hakim Appasia trading at resistant 0.125. Looks to rock soon
22/10/2019 9:12 AM
Investor118 Hopefully it rocks soon.
22/10/2019 11:03 AM
azta12 accumulate
23/10/2019 8:55 AM
Investor118 @azta12 u seem to be accumulating since April. Only recently some movement, Is the something big coming up soon?
23/10/2019 7:18 PM
Investor118 Dead counter. No volume.
24/10/2019 9:55 AM
kelvin17 azta 12 , any good news this counter i hear you collecting since January , pl give some hints
24/10/2019 10:14 AM
Vsctan7 Bank confirmation platform will be a strong revenue churner
31/10/2019 9:41 AM
Investor118 Recent announcement was with Mia. But share price not moving
01/11/2019 7:52 PM
Nickychung Post removed. Why?
06/11/2019 2:01 PM
azta12 accumulate steadily before the spike
07/11/2019 10:20 AM
kelvin17 azta12 keep asking me to accumulate sampai bila chances good or not dont bring me to Holland ok
08/11/2019 12:18 PM
BeginnerLearner azta12 is sharp, this counter is about to rocket up grab while it's still cheap
25/11/2019 9:25 AM
Investor118 Looks like its about to take off.
26/11/2019 10:01 AM
Tripaka Last time got alibaba. Now khazanah also selling off. No more alibaba. It's laripapa now.
26/11/2019 2:27 PM
azta12 lock some
26/11/2019 4:25 PM
kelvin17 azta12 this time you really chun ! hope this is the beginning of the great run to come
26/11/2019 7:47 PM
Investor118 Hope the run continues like armada
27/11/2019 12:13 AM
Investor118 Tp .50 gogogo
27/11/2019 12:13 AM
yoyo .145 chao first, see ya
27/11/2019 11:10 AM
kelvin17 azta12 you smart because you locked some so it drops again , waiting for your next move but future look bright
30/11/2019 9:29 AM