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| KLSE: OCR (7071) | OCR GROUP BHD | MAIN : Construction |
| Last Price | Today's Change | Day's Range | Trading Volume |
| 0.29 | 0.00 (0.00%) | 0.285 - 0.29 | 912,600 |
| Trade this stock for as low as 0.05% brokerage. Find out more. |
Financials
Market Cap: 93 Million
| Latest Audited Result: 31-Jul-2017
| Latest Quarter: 31-Oct-2018 [#0]
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Annual (Unaudited) ( EPS: 1.16, P/E: 25.03 )
| T4Q Result ( EPS: 0.51, P/E: 56.93 )
| Annualized Result ( EPS: 0.72, P/E: 40.29 )
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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 | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Total Positive Profit Years | 3 / 4 | 75.00% | 7 / 8 | 87.50% |
| Continuous Quarters Of Positive Profit | 3 / 4 | 75.00% | 3 / 8 | 37.50% |
| 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 | 0.41% | 0.83% | ||
| Average Net Profit Margin | 11.96% | 8.43% | ||
Business Performance (By Year)
| Last 5 Financial Years | Last 10 Financial Years | |||
|---|---|---|---|---|
| Available Years | 5 Years | 10 Years | ||
| Continuous Years Of Revenue Growth | 2 / 5 | 40.00% | 2 / 10 | 20.00% |
| Total Positive Profit Years | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| Continuous Years Of Positive Profit | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| 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% | 0 / 10 | 0.00% |
| 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 | -8.57% | -10.02% | ||
| Average Net Profit Margin | -10.63% | -9.28% | ||
Key Result
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 50,992 | 62,151 | 88,773 | 37,158 | 49,326 |
| NP to SH | 1,639 | 2,316 | 3,728 | -2,688 | -3,581 |
| Dividend | 0 | - | - | - | - |
| Adjusted EPS | 0.51 | 0.72 | 1.16 | -0.92 | -1.22 |
| Adjusted DPS | 0.00 | 0.00 | 0.00 | - | - |
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 | -65.01% | -78.73% | 236.96% | -64.09% | -75.47% |
| NP to Owner | -83.55% | -83.52% | 154.43% | -57.29% | -77.21% |
| Dividend | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Adj. EPS | -83.55% | -83.52% | 154.43% | -57.29% | -77.21% |
| 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 | -42.56% | 3.38% | 37.23% | -29.99% | 26.00% | 67.26% | 130.87% | 79.97% | 138.91% |
| NP to Owner | -56.04% | 145.76% | 160.97% | -37.88% | 164.66% | 186.15% | 191.13% | 204.09% | 238.67% |
| Dividend | 0.00% | 0.00% | 0.00% | - % | - % | - % | 0.00% | 0.00% | 0.00% |
| Adj. EPS | -56.04% | 145.76% | 160.97% | -37.88% | 164.66% | 186.15% | 191.13% | 204.09% | 238.67% |
| 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
  jy87 Good QR with share price up together will be nice last QR also showed good earning, but share price didn't up 28/01/2018 12:46 jy87 last q result showed good profit, price didn't up; this q result drop, share price straight forward follow drop 29/03/2018 23:08 John Angel all bad bad bad, bad result bad price bad company all bad all lose lose lose 06/04/2018 19:19 luckyman KUALA LUMPUR (May 17): OCR Group Bhd is planning a mixed development on 47.87 acres of land in Tebrau, Johor, with an estimated gross development value of RM700 million. OCR said its wholly-owned Junjung Simfoni Sdn Bhd had signed a joint-venture agreement (JVA) to partner with Casa Bangsar Sdn Bhd, whose largest shareholder is the non-executive chairman of Damansara Realty Bhd, Datuk Ahmad Zahri Jamil. In a bourse filing today, OCR said the development will encompass two phases, spanning over the next five-year. The first phase will consist of 320 units of double storey link houses of 1,500 sq ft to 1,900 sq ft, with a total GDV of RM185 million. The second phase will comprise of a mixed development, including service apartments and a shopping complex, with an estimated GDV of RM515 million. Under the joint venture, the profit entitlement will be shared 70% OCR, and 30% Casa Bangsar. OCR said the JVA is in line with its strategy to grow and diversify its business operations and to become profitable, with sustainable growth. The company also aims to balance its income stream from non-traditional sources, in order to lessen any negative sector impact on its traditional businesses. Looking ahead, the outlook for the property development industry is expected to have a direct positive impact on the joint-venture, OCR said. “Taking into the account the outlook of the property development industry moving forward, and the current efforts undertaken by the group, the board is of the view that the prospects of the group are expected to be positive in the future,” the filing added. Main Market-listed OCR gained 0.5 sen or 1.25% to close at 40.5 sen today, valuing the company at RM118.42 million. http://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=18667 24/05/2018 21:42 hevea1234 Already fly so high, you still comment will fly soon, you want scam ppl ar? 23/07/2018 13:38 imi82_s Few months before Elections, KUMPULAN WANG PERSARAAN (DIPERBADANKAN) been accumulating this stock, until they reach > 10% of total shares Then after GE, price kena drop. Project cannot materialise already Now OCR or some proxy is buying back shares from KWP. to bail them out..check KWP details, they been selling shares daily yet shares going up!.. 23/07/2018 15:27 commonsense At first when i look at the company 2Q18 result, i was a bit bullish on the outlook given that the company recorded a growth of PBT from RM1.8mil to now RM4.3mil. In addition the PBT in 2Q18 was derived from a lower revenue from last year. Initially i thought it was because of the change in focus from construction contract in FY17 to property development in FY18 of which the latter normally has higher profit margin. But upon studying their result in details, the jump of PBT profit was mainly attributed to the gain on disposal of one of its subsidiaries, amounting to RM 2.6mil. Excluding this PBT would have actually been RM1.7mil which is a slight drop vs last year result. in terms of PAT if normal tax rate were used (24%) PAT would have been around RM1.3mil. In terms of valuation even if the company managed to get a PAT of RM6mil for the full year of FY18 (1H18 PAT is RM2.2mil), the company's valuation is still high at 16.5x PE. However given the list of projects that the company have at the moment you would assume that the company profit will catch up to the valuation later. Some of the list of project that the company said it is pursuing are: 1) Prima housing in Alor Gajah. GDV RM100mil 2) Housing project in Bangi. GDV RM90mil 3) Prima project in Bukit Jalil. GDV RM155mil 4) Perumahan Penjawat Awam 1Malaysia in Putrajaya GDV RM324mil 5) Affordable housing in Pahang contract value RM166mil 6) Mixed development project in JB GDV RM700mil 7) Mixed development project in Kuantan GDV RM330mil 8) Mixed development project in KL GDV RM202 mil 9) Mixed development project in Melaka GDV RM206 mil However upon going thru their balance sheet in detail, i have doubts of them being able to pursue these project in the near future. Which means profit level might still be at the RM6mil level in FY19. If you go through their 2Q18 report, you will notice that cash flow from operation is still negative given that most of the sale is still in receivables. Then you would also notice that the debt level has actually more than double compared to 2017 but still at a manageable at RM61mil. Given the cash balance of RM18.9mil you would think it would be sufficient until some of the receivables (RM77mil) can be converted into cash. But if you look at the cash flow statement, u notice that RM16.4mil are actually pledge to the bank which leaves the company only with a free cash balance of RM2.5mil (and even that RM4.8mil are bank overdraft). Unless the company convert those high receivables to cash, you have to assume that they are likely to face some liquidity issues which might effect the progress of their property projects. Most probably they will need to raised further capital. If you are interested in the company, better wait for their balance sheet to improve first. If you are interested in the property industry, there are actually a lot of companies that are cheaper and have stronger balance sheet at the moment. For those looking to diversify their portfolio outside of the property industry, i would recommend them to look at MBMR. The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.9x 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. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19. Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Hope OCR can proof me wrong and deliver the profit growth that is expected of them from their existing shareholders. Good luck 07/12/2018 11:32  |
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