Parlo (previously known as Cybertower) exit the GN3 status back in Jan 2018. The regularisation plan for its exit from the GN3 list consist of an RTO of Parlo Tours Sdn Bhd. The share price jumped to a high of 30 sens as investors turned bullish on the outlook of the company.
In the end, the profit that the investors hoped for did not materialised. In FY18 (the first full year since the RTO), Parlo recorded a total core net loss of around RM3mil to its shareholders. Given the still weak business environment of the travel and tour industry, investors should expect FY19 to be another loss year for the company.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.1x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.
FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).
MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.0x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.
Waiting for dooms day. CEO should get out. Shame on you. Get out yourself instead out getting kicked out or taking the company down with you. Have some guilt in your stupidity.
ORION (0079) could be the next SUPERBULL IT STOCK. It's covered by the CIMB research guy Name NIGEL FOO. Normally stock he covered mean potential something is brewing. We can see it from previous call on IFCAMSC and MYEG which fly up super huge. Especially IT company.
Myeg is one of the stock make him famous. And next is IFCAMSC.
Of course now both not doing well, but the front part is amazing, we just need to ride the front part.
Based on their quarterly announcement, I found that they were doing another digital website call Travideas. This is the link to the website: https://travideas.com/
Apparently, the website is incomplete. But based on the website and its content, it seems they are planning to do a blog where you can book and plan your travel in it. But the question is, why would people join and write with them? And how does this benefit Parlo in return?
Apart from their Travideas' website, there isn’t much info regarding this. My guess is they are trying to integrate their initial "Marketplace platform" together? (an info piece I wrote about the Marketplace: https://klse.i3investor.com/blogs/jakeT/234009.jsp)
I just hope the management would able to share more information as they announce their quarterly results this month
I also hope the company know what they r doing now. To make good return for their investor. From the volume of share traded, we can see this phase is accumulation. A very good sign.
I went to Turkey last month. Parlo also advertise on the hot ballon! I don't understand their logic cause there customers are Malaysian. Maybe their mgt can explain why spending public money on A & P.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sokowanda
356 posts
Posted by sokowanda > 2019-01-31 10:17 | Report Abuse
see situation, QR CONFIRM no good.