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| KLSE: BOILERM (0168) | BOILERMECH HOLDINGS BHD | MAIN : Industrial Products |
| Last Price | Today's Change | Day's Range | Trading Volume |
| 1.04 |  +0.03 (2.97%) | 1.01 - 1.05 | 4,102,200 |
Financials
Market Cap: 537 Million
| Latest Audited Result: 31-Mar-2020
| Latest Quarter: 30-Sep-2020 [#2]
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Annual (Unaudited) ( EPS: 4.51, P/E: 23.08 )
| T4Q Result ( EPS: 3.91, P/E: 26.63 )
| Annualized Result ( EPS: 3.26, P/E: 31.98 )
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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 | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Positive Profit | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Profit Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Continuous Quarters Of Adjusted EPS Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Total Dividend Years | 1 / 4 | 25.00% | 2 / 8 | 25.00% |
| 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 | 2.36% | 2.86% | ||
| Average Net Profit Margin | 10.22% | 11.00% | ||
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 | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Years Of Positive Profit | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Years Of Profit Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Years Of Adjusted EPS Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Total Dividend Years | 5 / 5 | 100.00% | 8 / 10 | 80.00% |
| Continuous Years Of Dividend | 5 / 5 | 100.00% | 5 / 10 | 50.00% |
| 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 | 13.48% | 22.09% | ||
| Average Net Profit Margin | 10.79% | 11.96% | ||
Key Result
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 209,241 | 192,718 | 230,147 | 214,370 | 237,632 |
| NP to SH | 20,151 | 16,780 | 23,255 | 25,129 | 24,845 |
| Dividend | 9,030 | - | 9,030 | 6,385 | 8,772 |
| Adjusted EPS | 3.91 | 3.26 | 4.51 | 4.87 | 4.82 |
| Adjusted DPS | 1.75 | 0.00 | 1.75 | 1.24 | 1.70 |
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 | 100.86% | 13.91% | -17.83% | 22.98% | 14.17% |
| NP to Owner | 158.24% | 20.19% | -27.01% | 20.05% | 1.28% |
| Dividend | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Adj. EPS | 160.00% | 19.39% | -26.91% | 20.00% | 1.08% |
| 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 | -9.08% | -11.95% | -2.39% | -16.26% | -18.90% | -10.10% | -1.99% | -3.15% | 7.36% |
| NP to Owner | -13.35% | -18.89% | -19.81% | -27.84% | -32.46% | -33.23% | -12.49% | -6.40% | -7.46% |
| Dividend | 0.00% | 2.94% | 41.41% | - % | - % | - % | -12.50% | 2.94% | 41.41% |
| Adj. EPS | -13.30% | -18.81% | -19.73% | -27.72% | -32.31% | -33.07% | -12.43% | -6.35% | -7.41% |
| Adj. DPS | 0.00% | 2.94% | 41.41% | - % | - % | - % | -12.50% | 2.94% | 41.41% |
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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 Kang Yao Great, revenue back to normal, and operating margin improves. slow and steady counter, requires lots of patience 24/11/2020 8:06 PM  yangxi I think biomass boiler, oil & Gas boilers and heat recovery steam generators (revenue&profit) getting lower. Solar segment help boilermech get more income .. good move !! 24/11/2020 8:54 PM  Shadow Fiend @yangxi, boiler is still doing well because they stated "Apart inclusive of solar segment, the increased of revenue also contributed by higher deliveries (I deem it refer to boiler)". Net cash increased 37% yoy to RM70m from RM51m after deducting borrowings and Board is confident about future earnings based on outstanding order book but with condition Covid-19 is under control. 24/11/2020 10:37 PM LongTermInvestor8 Will the market crash if budget 2021 cannot be passed this coming Thursday (26/10/2020)? These are the 4 possible scenarios: 1. Parliament will be dissolved and a snap election will be called 2. A state of Emergency in the whole country will be declared by YDPA 3. Muhyiddin will resign and YDPA will appoint an interim PM 4. YDPA will appoint a new PM who has majority MPs support. A new budget 2021 also will be tabled by the new appointed PM. Will the market go down? Will it crash? Take profit now or wait? 25/11/2020 12:03 AM sdaew ahhsd @LongTermInvestor8 biden is more prefer solar energy than o&g what do u think will drop or move up? 25/11/2020 7:59 AM thebline The Board of Directors of Boilermech (“Board”) wishes to announce that the Board has today received a notice of conditional mandatory take-over offer (“Notice”) from UOBKH on behalf of the Offeror, a wholly owned-subsidiary of QL Resources Berhad, to acquire all the remaining ordinary shares in Boilermech not already held by the Offeror (“Offer Shares”) for a cash offer price of RM0.95 per Offer Share (“Offer”). Pursuant to Paragraph 3.06 of the Rules on Take-overs, Mergers and Compulsory Acquisitions, an independent adviser will be appointed by the Board in due course to provide comments, opinions, information and recommendation on the Offer to the non-interested directors and holders of the Offer Shares. A copy of the Notice is attached herewith and will be posted to the holders of the Offer Shares within 7 days from the date of this Announcement. This announcement is dated 3 December 2020. 03/12/2020 7:18 PM Shadow Fiend Ain't gonna accept the take over since the company prospect is bright with green energy, at the price of RM0.95/share, it is not attractive to minority shareholders as the net cash in the company already worth RM0.14/share. So using price of RM0.81/share to take over, the offeror is in an advantage to buy a bright prospect business which able to generate income of RM30m - RM50m annually with merely RM418m that translated P/E of 8.3 - 13.9 which hasn't include contribution from the recent acquired solar energy yet. Offeror is smart to take over now driven by recently high CPO prices, worldwide inclination for green energy leading by US, largest biomass boiler manufacturer in South East Asia, recent high CAPEX of RM21.1m in Indonesia for expansion in FY2020 as compared to annual CAPEX of RM1.0m - RM2.0m. 03/12/2020 9:59 PM Shadow Fiend Since QL intends to maintain the listing of Boilerm, nothing will happen if you are not selling unless QL acquired > 75% of equity interest. 04/12/2020 8:58 AM Shadow Fiend Don't hesitate to consult your remisier as it's their scope of work, don't waste your brokerage fee for nothing =D 04/12/2020 10:04 AM  Angel of KLSE 大马股仙 I morning ask my remisier until now still no answer. My question: if offeror intends to maintain the listing of boilerm, why offer to buy all the remaining shares? 04/12/2020 4:44 PM Angel of KLSE 大马股仙 Now price is above offer price, which stupid would accept the offer? 04/12/2020 4:49 PM zen_2k @angel i think they are just adhering to the SOP of the Securities Commission. Own certain sum, must attempt to take over smtg liddat 04/12/2020 4:57 PM stockraider This is the regulation mah...!! If above hold 33% & less than 50% holding they must not buy more than 2% a year, if buy above that trigger GO for everyone loh...!! Posted by Angel of KLSE 大马股仙 > Dec 4, 2020 4:44 PM | Report Abuse I morning ask my remisier until now still no answer. My question: if offeror intends to maintain the listing of boilerm, why offer to buy all the remaining shares? 04/12/2020 5:01 PM  DannyArcher @stockraider Just bursa SOP only because they bought the 4% from one of the main shareholders, thus it automatically triggers a "mandatory take-over offer" based on the existing law, QL already said they have no intention of delisting it and they simply give a figure of the last transaction price of 95 cent, which they have no intention of buying any from the open market. Nothing changed, those that bought now hoping QL will offer higher price to mop up all the remaining shares don't understand the whole situation. QL is not buying all of the remaining share, not 1 unit more. QL is not delisting BM. QL is just buying up the 4% held by one of the directors or whomever he is. That's all. 04/12/2020 5:25 PM stockraider What does this cpo price trend below tell U leh ?? Date Settlement Price RM 3 Dec 20 3332 2 Dec 20 3316 1 Dec 20 3347 30 Nov 20 3305 27 Nov 20 3338 26 Nov 20 3227 25 Nov 20 3285 24 Nov 20 3249 23 Nov 20 3326 20 Nov 20 3288 Ans; Rising CPO price and Rising Profit loh!! Until Sept latest qtr result cpo average is roughly rm 2600 mah!! December QTR we will be seeing conservatively Average Price Rm 3200, that is 23% increase in price n this increase revenue will all goes to the bottom line profit as there are no cost applicable to revenue generated from price increase loh...!! Just imagine if Average palm oil price is Rm 2800, U already see super strong profit loh!! But now we are at above 3500 loh...!! Can U forecast & project what will palmoil company potential profit at rm 3500 cpo leh ? 05/12/2020 12:34 PM stockraider That means the upside of palmoil above Rm 3500 is still sustainable going fwd loh!! "Soya Bean Oil {SBO} price premium over CPO currently stand at USD 195 per tonne. Consumers in India, Pakistan and other sub continents are price sensitive."! 05/12/2020 3:57 PM xjteh After overshooting the TP: 0.965, finally it started to retreat. Still it is a good buy. But, wait patiently for 2 buy-in level: BY1: 0.905, BY2: 0.845. 08/12/2020 4:57 PM xjteh Angel of KLSE 大马股仙 Now price is above offer price, which stupid would accept the offer? Angel: your question is answered as above. With price moves lower, u will accept the offer:) 08/12/2020 5:01 PM Axelrod This is silent solar player with QL as big boss, later dont miss it like solarvest or samaiden. TQ 10/12/2020 2:43 PM Shadow Fiend share price is in the path of reflecting its value, how high can it go? 10/12/2020 3:44 PM Orlando Current price too high No one wil sell to QL Without QL holding a bigger stake can't enjoy d goodness tat QLcan bring Wil remain same old lousy co 17/12/2020 10:16 AM 60108599233_Jack BOILERM : - Entry: <1.08 - Cut Loss: 1.03 - Risk: 4.63% - MACD: 0.0058 TP Valid for Swing only: - TP1: 1.12 - TP2: 1.16 17/12/2020 5:27 PM Kang Yao why would they want to offer this when they can buy quitely on market? my guess is they just want to pull a break on the running share price. but after this, the price can continue its momentum. 18/12/2020 9:21 PM anicca Hi guys what will happen to this share after closing date of take over acceptance 14Jan2020 ? I did not accept the take over 11/01/2021 6:43 AM damiel QL had launched the takeover on Dec 4, after it had entered into an unconditional share acquisition agreement with Leong Yew Cheong — Boilermech’s managing director — to buy 20.64 million shares, representing 4% equity interest for a total cash consideration of RM19.61 million or 95 sen per share. 13/01/2021 11:43 AM damiel QL said the offer was deemed as a technical general take-over offer, and that it intended to maintain the listing status of Boilermech.QL currently controls a 48.41% stake or 249.79 million shares in Boilermech. 13/01/2021 11:43 AM trend_first Can we still sell the shares in bursa after the take over? I thought after the take over, Boilermech Bhd will be delisted. 15/01/2021 5:15 PM anicca yes i also wonder what will happen after closing date (been extended 2weeks)?? will Boilerm shares still tradeable as usual? 15/01/2021 7:04 PM Sinoboy Apparently, ql resources will maintain listing of boilermech after take over. Better to confirm with broker or remisier 16/01/2021 12:26 AM trend_first Check bursa announcement on 4th Dec by the independant adviser to s/holders, confirm the listing status will be maintained. They also advise s/holders to reject the offeror RM0.95 offer price as the price is not fair and not reasonable. 16/01/2021 2:23 PM trend_first Extracted from the bursa announcement: Based on the above, we are of the view that the Offer for the Offer Shares is NOT REASONABLE as Holders who do not wish to accept the Offer would have the following options: (i) to continue to hold on to their Boilermech Shares as QL Resources Board envisages that the biomass and solar energy sector will provide a strong growth impetus to Boilermech Group due to the rising demand as the preferred renewable energy sources as stated in the rationale and the Offeror’s future plans for Boilermech Group as stated in Sections 3 and 8 of the Offer Document respectively; or (ii) to trade or sell their Boilermech Shares in the open market if the market price is higher than the Offer Price as the trading of Boilermech Shares is liquid. 16/01/2021 2:27 PM  |
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