Highlights
KLSE: CUSCAPI (0051)       CUSCAPI BHD MAIN : Technology
Last Price Today's Change   Day's Range   Trading Volume
0.18   0.00 (0.00%)  0.18 - 0.185  2,388,000
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Financials


Market Cap: 150 Million

Market Cap 150 Million
NOSH 836 Million

Latest Audited Result:  31-Dec-2018

Latest Audited Result: 31-Dec-2018
Announcement Date 30-Apr-2019
Next Audited Result: 31-Dec-2019
Est. Ann. Date: 30-Apr-2020
Est. Ann. Due Date: 28-Jun-2020

Latest Quarter:  31-Dec-2018 [#4]

Latest Quarter: 31-Dec-2018 [#4]
Announcement Date 28-Feb-2019
Next Quarter: 31-Mar-2019
Est. Ann. Date: 30-May-2019
Est. Ann. Due Date: 30-May-2019
QoQ | YoY   -95.52%  |    9.96%

Annual (Unaudited) ( EPS: -2.55, P/E: -6.88 )

Revenue | NP to SH 29,240  |  -21,881
RPS | P/RPS 3.40 Cent  |  5.15
EPS | P/E | EY -2.55 Cent  |  -6.88  |  -14.54%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.12  |  1.54
YoY   11.98%
NP Margin | ROE -74.83%  |  -21.84%
F.Y. | Ann. Date 31-Dec-2018  |  28-Feb-2019

T4Q Result ( EPS: -2.55, P/E: -6.88 )

Revenue | NP to SH 29,240  |  -21,880
RPS | P/RPS 3.40 Cent  |  5.15
EPS | P/E | EY -2.55 Cent  |  -6.88  |  -14.54%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.12  |  1.54
QoQ | YoY   4.63%  |    11.99%
NP Margin | ROE -74.83%  |  -21.83%
F.Y. | Ann. Date 31-Dec-2018  |  28-Feb-2019

Annualized Result ( EPS: -2.55, P/E: -6.88 )

Revenue | NP to SH 29,240  |  -21,881
RPS | P/RPS 3.40 Cent  |  5.15
EPS | P/E | EY -2.55 Cent  |  -6.88  |  -14.54%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -33.77%  |    11.98%
NP Margin | ROE -74.83%  |  -21.84%
F.Y. | Ann. Date 31-Dec-2018  |  28-Feb-2019



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 1 / 4 25.00% 1 / 8 12.50%
Total Positive Profit Years 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Positive Profit 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Profit Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 4 0.00% 0 / 8 0.00%
Total Dividend Years 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE -5.54% -15.81%
Average Net Profit Margin -74.78% -74.29%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Years Of Revenue Growth 0 / 5 0.00% 0 / 10 0.00%
Total Positive Profit Years 0 / 5 0.00% 4 / 10 40.00%
Continuous Years Of Positive Profit 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Profit Growth 2 / 5 40.00% 2 / 10 20.00%
Continuous Years Of Adjusted EPS Growth 2 / 5 40.00% 2 / 10 20.00%
Total Dividend Years 0 / 5 0.00% 4 / 10 40.00%
Continuous Years Of Dividend 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Dividend Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted Dps Growth 0 / 5 0.00% 0 / 10 0.00%
Average ROE -69.12% -30.20%
Average Net Profit Margin -62.84% -27.53%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 29,240 29,240 29,240 44,684 39,639
NP to SH -21,880 -21,881 -21,881 -9,537 -23,248
Dividend 0 - - 1,836 -
Adjusted EPS -2.55 -2.55 -2.55 -1.14 -2.78
Adjusted DPS 0.00 0.00 0.00 0.22 -

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.


Growth

Growth (By Quarter)

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 1.81% -20.58% -11.68% 2.57% -3.79%
NP to Owner -95.52% 9.96% 11.98% -75.72% -64.52%
Dividend 0.00% 0.00% 0.00% 0.00% 0.00%
Adj. EPS -95.52% 9.96% 11.98% -75.72% -64.52%
Adj. DPS 0.00% 0.00% 0.00% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

Growth (By Year)

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 0.00% -26.23% -34.56% 0.00% -26.23% -34.56% -11.68% -26.23% -34.56%
NP to Owner 0.00% 5.89% -129.40% 0.00% 5.88% -129.41% 11.98% 5.88% -129.41%
Dividend 0.00% 0.00% 0.00% - % - % - % 0.00% 0.00% 0.00%
Adj. EPS -0.08% 5.81% -129.60% 0.00% 5.88% -129.41% 11.98% 5.88% -129.41%
Adj. DPS 0.00% 0.00% 0.00% - % - % - % 0.00% 0.00% 0.00%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

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  11 people like this.
 
kyy_superinvestor ah pek all in cuscapi...kekeke
22/04/2019 3:23 PM
kyy_superinvestor Good morning everyone!
23/04/2019 7:09 AM
sigma99 who is ah pek
23/04/2019 9:53 AM
kyy_superinvestor I am ah pek and then ah pek is me...hehehhe
23/04/2019 10:11 AM
kyy_superinvestor https://www.malaymail.com/news/money/2019/04/22/airasia-keen-to-buy-digital-platforms-to-boost-digital-business/
23/04/2019 5:27 PM
vxpoison Last 2 weeks got Grab now got AirAsia..... Lol!!!
23/04/2019 5:51 PM
kyy_superinvestor https://www.klsescreener.com/v2/news/view/519546
23/04/2019 6:22 PM
Tim2812 Yingabolingeh??
23/04/2019 8:40 PM
23/04/2019 8:56 PM
kyy_superinvestor Good morning everyone...today will be a good day for cuscapi...cheer
24/04/2019 7:54 AM
kyy_superinvestor Ichimoku cloud strong buy and it is challenging 200 ma....if it break 200 ma then hoseh liao
24/04/2019 8:05 AM
sigma99 ??? how
24/04/2019 4:57 PM
kyy_superinvestor suka u all la...ah pek call buy many times d.....if tommmorow still above 200 ma then ma enter a bit lo....just scare is false breakout....kekekek
24/04/2019 5:09 PM
Imformed something is On. watch out
24/04/2019 7:02 PM
kyy_superinvestor Mind to share what is on? Kekeke
24/04/2019 7:07 PM
kyy_superinvestor from the bid ask queue today...i can see a bomb going to explode soon...kekkekeke
25/04/2019 8:54 AM
targetinvest boom la.. once myeg settle is cuscapi turn.
25/04/2019 2:44 PM
kyy_superinvestor The latest corporate announcement is related to what?
25/04/2019 6:34 PM
afifimansor Technical Buy: CUSCAPI (0051)
Author: PublicInvest | Publish date: Thu, 25 Apr 2019,

Target Price: RM0.260, RM0.290
Last closing price: RM0.240
Potential return: 8.3%, 20.8%
Support: RM0.225
Stop Loss: RM0.210
Possible for bottom fishing. CUSCAPI is staging for a potential recovery from its consolidation phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.260 be broken, it may continue to lift price higher to subsequent resistance level of RM0.290.

However, failure to hold on to support level of RM0.225 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 25 Apr 2019
25/04/2019 7:38 PM
kyy_superinvestor Keep failed to stand above 200 ma...sad
26/04/2019 6:32 AM
Investar2862 There is this "false breakout"...

Have you ever wonder or came across instances of "false pullback"?

Just thinking....


Posted by kyy_superinvestor > Apr 24, 2019 5:09 PM | Report Abuse

suka u all la...ah pek call buy many times d.....if tommmorow still above 200 ma then ma enter a bit lo....just scare is false breakout....kekekek
26/04/2019 7:02 AM
kyy_superinvestor Mind to share?
26/04/2019 7:53 AM
hisehatu no catalyst so far to break 0.25
26/04/2019 10:24 AM
kyy_superinvestor patient is the key... i will keep average if down... i have faith with the management and I can see the value of the company beyond figures on the financial statement......
26/04/2019 11:21 AM
kyy_superinvestor Actually the very first entry of the boss jaya is beyong 40 cents which is before the GE14 and that time he sapu a lot....now enter really very safety, coz we only throw few k only...I estimate jaya invest around fivety million into this company d....and remember cuscapi, eforce and myeg combine their office in empire? I can smell something big is going to happen in future....
29/04/2019 6:38 AM
kyy_superinvestor O’Neil reported that many of the biggest winners had significant new management, new products or ties to strong industry moves. https://www.gurufocus.com/news/810040/william-oneil-fundamental-and-technical-analyses-combined
30/04/2019 10:30 AM
vxpoison Cuscapi kena "qualified opinion" from their external auditor-Tilly Baker.... Not looking good on Ranger Jaya.....
30/04/2019 9:18 PM
kyy_superinvestor U know nothing....shhh
30/04/2019 9:20 PM
vxpoison Thursday & Friday will see price drop further due to this auditing issue. Shall see if Ranger Jaya can provide proper explanation related to the few questionable matters from Tilly Baker....
30/04/2019 11:26 PM
Imformed vx I think you are the one who left cuscapi before this. otherwise you won't leak this kind of info out. careful you may kena check by macc. they can track you frequent login email from the IP that you use.
02/05/2019 6:49 PM
Imformed think before you leak info here
02/05/2019 6:50 PM
vxpoison Imformed, don't let people read this comment from you.... It shown your ignorance on the public announcement made to Bursa on daily basis. Stay focus if you want to consistently survive in the share market, don't just read the chart, the chart may tell you the best entry & exit but the FA is equally important. Read more Imformed... Read!!!
02/05/2019 9:20 PM
vxpoison read before you comment here
02/05/2019 9:20 PM
vxpoison Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Cuscapi Berhad (“Cuscapi” or “the Company”) wishes to announce that the Company’s External Auditors, Messrs. Baker Tilly Monteiro Heng PLT had expressed the following qualified opinion in the Company’s Audited Financial Statements for the financial year ended 31 December 2018:



A. QUALIFIED OPINION



The details of qualified opinion as disclosed in the Independent Auditors’ Report is reproduced below:



Qualified Opinion



We have audited the financial statements of Cuscapi Berhad, which comprise the statements of financial position as at 31 December 2018 of the Group and of the Company, and the statements of comprehensive income, statements of changes in equity and statements of cash flows of the Group and of the Company for the financial year then ended, and notes to the financial statements, including a summary of significant accounting policies, as set out on pages 8 to 119.


In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion section of our report, the accompanying financial statements give a true and fair view of the financial position of the Group and of the Company as at 31 December 2018, and of their financial performance and cash flows for the financial year then ended in accordance with the Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia.



Basis for Qualified Opinion



We draw your attention to Note 37(a) to the financial statements, that discloses the circumstances and consideration of the Directors in reporting the carrying amount of the REV hardware equipment included in Property, Plant and Equipment of RM6,615,101 and Inventories of RM15,451,976.



We were unable to obtain sufficient appropriate audit evidence on the said amount of Property, Plant and Equipment and Inventories, as the Group is unable to reliably assess the recoverable amount of the said Property, Plant and Equipment in accordance with MFRS 136: Impairment of Assets and the net realisable values of the inventories in accordance with MFRS 102: Inventories due to the circumstances and consideration disclosed under Note 37(a) to the financial statements. Consequently, we were unable to determine whether any adjustments to these amounts were necessary.



We conducted our audit in accordance with approved standards on auditing in Malaysia and International Standards on Auditing. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Group and of the Company in accordance with the By-Laws (on Professional Ethics, Conduct and Practice) of the Malaysian Institute of Accountants (“By-Laws”) and the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (“IESBA Code”), and we have fulfilled our other ethical responsibilities in accordance with the By-Laws and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.



Please refer to the attachment as annexed herewith under Appendix I in respect of the Notes 37(a) of the audited financial statement for the year ended 31 December 2018.



B. STEPS TAKEN OR PROPOSED TO BE TAKEN TO ADDRESS THE KEY AUDIT MATTERS THAT RELATES TO THE MODIFIED OPINION



The Directors of the Company will continue to monitor the legal suit (Suit No. WA-22NCC-399-09/2018) outcome closely and make necessary adjustment on the recoverable amount of the said Property, Plant and Equipment in accordance with MFRS 136: Impairment of Assets and the net realisable values of the inventories in accordance with MFRS 102: Inventories based on the Courts' decision once available.



C. TIMELINE



Barring any unforeseen circumstances, the Group expects to resolve the issue relating to the Modified Opinion above within 12 months from the date of this announcement.



D. ALL KEY AUDIT MATTERS DISCLOSED IN THE EXTERNAL AUDITORS’ REPORT



Please refer to the attachment as annexed herewith under Appendix II.



This announcement is dated 30 April 2019.
02/05/2019 9:37 PM
cheektan Aren't this relating to the litigation which everyone should already knew? The qualified opinion is something expected from the auditor.
02/05/2019 10:38 PM
vxpoison Read the appendix.... There's more than the litigation issue. It is not common for an external auditor to issue qualified opinion to Bursa if it is not serious.
02/05/2019 11:01 PM
cheektan "We were unable to obtain sufficient appropriate audit evidence on the said amount of Property, Plant and Equipment and Inventories, as the Group is unable to reliably assess the...", which is the reason it was issued. This is exactly why the litigation is on going...
02/05/2019 11:20 PM
cheektan If it is already certain, then it would be written off, but it is not. Hence the qualified opinion.
02/05/2019 11:22 PM
vxpoison AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN : QUALIFIED OPINION |

https://www.klsescreener.com/v2/announcements/view/29045590

Read appendix 2 attached to the announcement....
03/05/2019 12:10 AM
cheektan vxpoison, Appendix II is none issue. Appendix I is expected. (Appendix II is already known matter as well, and frankly should be something positive for Cuscapi, not sure why it is in the Qualified Opinion. )

But thanks for the sharing...
03/05/2019 8:58 AM
vxpoison You're welcome cheektan. I agreed whatever in appendix II are something positive for Cuscapi but then auditor doesn't see it the way we see as they were questioning the rationale behind these acquisition.
03/05/2019 6:28 PM
Imformed VX, I believe you are not holding any cuscapi share, otherwise you won't purposely bring this here to get others attention. you must be the one who get fire by management before this.
03/05/2019 7:20 PM
Imformed I Believe you will bring more bad thing here.
03/05/2019 7:21 PM
vxpoison Imformed.... So now no more MACC? Lol... Pity u got stuck at high but be patience.... Soon the price will rise to Rm1.00....
03/05/2019 8:51 PM
kenie MATERIAL LITIGATION-Writ of Summons and Statement of Claim (High Court of Malaya at Kuala LumpurSuit No. WA-22NCC-399-09/2018) Hitachi Systems Digital Services (Singapore)Pte. Ltd. (Plaintiff) Cuscapi Malaysia Sdn. Bhd. and Cuscapi Berhad(Defendants)-Defence and Counter Claim (High Court of Malaya at Kuala LumpurSuit No. WA-22NCC-399-09/2018)
07/05/2019 3:47 PM
kenie CONCERNAUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN CUSCAPI BERHAD QUALIFIED OPINION ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018
07/05/2019 3:47 PM
vxpoison Imformed... Paging Imformed... You sempat jual? Told you right... Don't be ignoring the announcement...
08/05/2019 1:58 PM
vxpoison Reference is made to announcements dated 26 September 2018, 28 September 2018, 29 October 2018, 15 April 2019 and 30 April 2019.



Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in those announcements.



The parties attended Court on 13 May 2019 and 14 May 2019 for the hearing of the following:



(a) Striking Out Application By HCS (i.e. Her Chor Siong);



(b) Striking Out Application By Hitachi Singapore And OCH (i.e. Ong Chin Hui); and



(c) Summary Judgment Application By Hitachi Singapore.



The Striking Out Application By HCS and the Striking Out Application By Hitachi Singapore and OCH have been dismissed by the Court with costs in the cause.



As for the Summary Judgment Application By Hitachi Singapore, conditional leave to defend the action is granted to the Companies provided on or before 28 May 2019 (“due date”), a deposit of USD3,600,248.22 (equivalent to RM15,014,835.20 - based on Bank Negara Malaysia’s USD Exchange Rate @ USD1.00 = RM4.1705 as at 14 May 2019) is paid by the Companies into an Interest-Bearing Fixed Deposit Ringgit Account in Standard Chartered Bank Malaysia Berhad pending the disposal of the Companies’ Counterclaim. The said fixed deposit account plus any interest accrued thereon shall not be uplifted or closed or dealt with by the Companies in any manner whatsoever without an Order of the Court and further the sealed copy of the Order of the Court shall be served on the said bank. In the event of non-payment of the said sum by the due date, the judgment as prayed for in the Summary Judgment Application By Hitachi Singapore shall be entered against the Companies.



The Companies will take all necessary steps to comply with the said direction from the Court.



The application for interrogatories by the Companies against Hitachi Singapore is withdrawn with costs in the cause.



The Court has fixed 28 May 2019 for the final case management; and 10 June 2019 to 12 June 2019 for trial.



Cuscapi will make the necessary announcements on material development in respect of this from time to time.



This announcement dated 15 May 2019.
15/05/2019 6:40 PM
rhinos Down already
17/05/2019 3:55 PM
vxpoison Once 0.170 broken... heading down to 0.150 for final destination! Brace for impact with Ranger Jaya....
18/05/2019 12:47 PM