d_trade...that's very much depends on how you see the new team under ranger Jaya. Run if you are not confident with the future prospect of this company.... Enter if you think they will turn around with their new plan.
Cuscapi Indonesia want to do the tax monitoring system? MyEg were saying they might be making losses in Indonesia thus reducing the holding in their Indonesia SPV....
For a stock to increase in price it will need some positive catalysts to do so. This normally comes from either fundamental related catalysts (earning growth, value emergence etc) or speculative related catalysts (corporate exercises, privatisation, potential contract awards, emergence of new major shareholders etc). Cuscapi has neither any speculative or fundamental catalysts in the near future to help the share price move upwards.
In terms of financial performance, the company has been recording consistent annual losses since FY13. For 9m18, total losses to shareholders has already amounted to RM12.3mil. Expect FY18 to end with a total loss of more than RM15mil.
Management decision to venture into the China market has yet to bear any fruits. The division posted a total of RM8mil PBT losses in the 9m18 a slight improvement vs 9m17 PBT result of negative RM8.5mil. I think some investors might be putting too much hope on the management’s abilities to suddenly deliver substantial profit in FY19. This might proof to be a bit of a wishful thinking by the said investors. Expect the company to continue posting losses in FY19 dragged by mainly the China business.
If you are looking to diversify your portfolio outside of Cuscapi (due to its weak earnings outlook), I would recommend you to look at MBMR.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.
FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.
Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.
Why I look here look there Orion very similar to 1 stock king I in 2014:
1. No of share: both also about 600m 2. Start to goreng from 0.105 3. Both start after announcement of government link project. Both fintech. "I" doing GST collection software for government. 4. Cumulative 4 q earning after start goreng was 30m for "I". Cimb estimated Orion can come to highest 29m for 2019. 5. Both also start from weak results. "I" only 421k. Orion 1m. 6. The same analyst, Cimb analyst covered both
One famous anei behind the rise of "I". I believe he is also behind Orion...Guess who...
The Board of Directors of Cuscapi is pleased to announce that the Company had on 20 February 2019 incorporated a wholly-owned subsidiary known as CUSCAPI (BD) LTD (Company No.C-15026/2019) (“the Incorporation”) in the People’s Republic of Bangladesh (“Bangladesh”).
CUSCAPI (BD) LTD was incorporated as a company limited by shares under the Companies Act (Act XVIII) of 1994 of Bangladesh with Authorized Share Capital of TK. 100,000,000 (Ten Crore) divided into 1,000,000 (Ten Lac) Ordinary Shares of TK 100 (One Hundred) each. The paid-up capital of the company is BD TK. 4,150,000 representing 41,500 Shares (equivalent to USD50,000 or RM203,450.00).
The intended principal activities of CUSCAPI (BD) LTD is to market its Point of Sales Solution in Bangladesh.
The Company is of the view that there will be strong demand for its POS terminals in line with new initiatives by the Government of Bangladesh to digitise and reduce potential tax leakages. The Company expects Bangladesh to be one of the Company’s significant market in the coming years.
None of the Directors and/or Major Shareholders of the Cuscapi Bhd and/or persons connected with Directors and/or Major Shareholders has any interest, direct or indirect, in the Incorporation.
The Board of Directors of the Company is of the opinion that the Incorporation is in the best interest of Cuscapi Group.
KUALA LUMPUR (July 26): Cuscapi Bhd (company) and its wholly-owned subsidiary Cuscapi Malaysia Sdn Bhd have respectively received letters of demand from Hitachi Systems Digital Services (Singapore) Pte Ltd. Hitachi claimed that Cuscapi Malaysia have not made payments for the purchase of Rev Hardware Equipment.
Software developer Cuscapi Bhd said in a Bursa Malaysia filing yesterday that Hitachi is demanding from Cuscapi Malaysia US$3.6 million (about RM15 million) and legal cost for the notice. Cuscapi Bhd said Hitachi's letters of demand were dated July 23, 2018.
"Hitachi claims that Cuscapi Malaysia had failed, neglected, refused and/or defaulted in making requisite payments pursuant to an agreement for the purchase of Rev Hardware Equipment dated 23 September 2016, and that Hitachi is therefore demanding that Cuscapi Malaysia pays a sum of USD3,600,248.22 and legal cost for the notice, failing which legal proceedings can be instituted against Cuscapi Malaysia.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
fl888
7,750 posts
Posted by fl888 > 2018-11-20 22:08 | Report Abuse
Good news out to support coming bad qtr result ?