Fintec Group

Fintec: What if All invested and Related counters Firing All cylinders? (Updated)

BLee
Publish date: Sun, 09 Jan 2022, 12:27 PM

Below are points to ponder from one report I have read;

KUALA LUMPUR, Jan 7 — Bursa Malaysia ended the first trading week of 2022 on a firm note, with gains recorded across the board thanks to continuous buying support for small capitalisation stocks and selected heavyweights, dealers said.

Full report at link:

https://klse.i3investor.com/blogs/savemalaysia/657698.jsp

Some quotes in the report:

"Investors were also looking for value buys, especially on small-cap stocks"

“New money perhaps. Some institutional investors would see some value in stocks, especially with the recent sell-off. It’s just about finding the right entry point and now could be the right time"


Table No. 1:  Updated with Market Price as at End of Trading 10 Jan. 2022.

- how value increase/decrease compare with 7 Jan. 2022?


Fintec data at a glance:
Market cap.: RM58.62 million
NTA/Market Price: 0.0872÷0.01 = 8.72

Fintec holding >5% counters as at 07012022:

Focus D Market cap.: RM287 million
NTA/Market Price: 0.0396÷0.045=0.88
Holding value: 1,951,897,076×0.045=RM87,835,368.42
If adjusted based on NTA ratio =RM87,835,368.42×0.88=RM77,295,124.2096

NETX Market cap.: RM130 million
NTA/Market Price: 0.18÷0.155=1.161
Holding value: 193,990,000×0.155=RM30,068,450
If adjusted based on NTA ratio =RM30,068,450×1.161 =RM34,909,470.45

SEACERA Market cap.: RM117 million
NTA/Market Price: 1.17÷0.195 = 6
Holding value: 153,365,400×0.195=RM29,906,253
If adjusted based on NTA ratio =RM29,906,253×6 =RM179,437,518

AT Market cap.: RM162 million
NTA/Market Price: 0.0852÷0.03=2.84
Holding value: 421,600,000×0.03=RM12,648,000
If adjusted based on NTA ratio =RM12,648,000×2.84 = RM35,920,320

Total holding value: RM160,458,071.42
If adjusted based on NTA ratio =RM327,562,432.6596

How undervalued is Fintec if Market cap. of RM58.62 million compares with total holding value of RM160,458,071.42 and adjusted NTA ratio of RM327,562,432.6596?

 

Some other data for pondering.

Focus D holding >5% counters as at 07012022:

SAUDEE Market cap.: RM64 million
NTA/Market Price: 0.1756÷0.065=2.701
Holding value: 206,050,000×0.065=RM13,393,250
If adjusted based on NTA ratio =RM13,393,250×2.701 = RM36,175,168

GOcean Market cap.: RM74 million
NTA/Market Price: 0.0633÷0.035=1.808
Holding value: 628,000,000×0.035=RM21,980,000
If adjusted based on NTA ratio =RM21,980,000×1.808 = RM39,739,840

LKL Market cap.: RM74 million
NTA/Market Price: 0.18÷0.085= 2.117
Holding value: 161,667,800×0.085 =RM13,741,763
If adjusted based on NTA ratio =RM13,741,763× 2.117 =RM29,091,312

Total holding value: RM49,115,013
If adjusted based on NTA ratio =RM105,006,320

How under/overvalued is Focus D if Market cap. of RM287 million compares with total holding value of RM49,115,013 and adjusted NTA ratio of RM105,006,320?

 

KGroup (relationship to Fintec only at same building and providing cloud storage service?) data at a glance:

Market cap.: RM46 million
NTA/Market Price: 0.0601÷0.015=4.006

KGroup holding >5% counters as at 07012022:

Komark Market cap.: RM78 million
NTA/Market Price: 0.23÷0.135=1.703
Holding value: 103,105,700×0.135=RM13,919,269.5
If adjusted based on NTA ratio =RM13,919,269.5×1.703 = RM23,704,515

XOXNET Market cap.: RM51 million
NTA/Market Price: 0.07÷0.045=1.555
Holding value: 140,451,200×0.045=RM6,320,304
If adjusted based on NTA ratio =RM6,320,304×1.555 = RM9,828,072.72

XOX Market cap.: RM117 million
NTA/Market Price: 0.0758÷0.025=3.032
Holding value: 347,900,000×0.025=RM8,697,500
If adjusted based on NTA ratio =RM8,697,500×3.032 = RM26,370,820

Total holding value: RM28,937,073
If adjusted based on NTA ratio =RM59,903,407

How under/overvalued is KGroup if Market cap. of RM46 million compares with total holding value of RM28,937,073 and adjusted NTA ratio of RM59,903,407?

Note:
1. Total holding is just an estimate as quantities keep changing due to numerous exercises taken by each counter.
2. NTA is as per latest QR from klsescreener.

 

Sources: i3investor, klsescreener and other internet surfing.

Happy trading and TradeAtYourOwnRisk.

Disclaimer: The above opinion does not represent a buy, hold or sell recommendation; just a personal opinion and for sharing purposes only. Any offences and errors are unintentional; my apology in advance.

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