Posted by nice1 > 2015-09-05 17:41 | Report Abuse

sales is going down but debts still high

Posted by richman_chua > 2015-12-13 10:15 |

Post removed.Why?

Posted by ViWizard > 2016-07-17 19:11 | Report Abuse

wow magic stock hancur

Posted by Tan Toh Fei > 2016-10-06 17:46 | Report Abuse

as u said is magic, bagi dia masa sikit untuk sembuh ...

Posted by fatalerror > 2016-10-10 23:03 | Report Abuse

They are trying to close some of the branches...my friend lend a shop to them now they are trying to move out...

Posted by OMR@obm_4558 > 2017-12-17 11:18 | Report Abuse

Apa dah jadi...
Any news????....

Posted by commonsense > 2019-01-14 10:01 | Report Abuse

Hi OMR,

The company’s financial performance reflects the challenging market environment faced by the retail apparel industry especially with the fast-growing threat from the online businesses (for Malaysia it has to be Lazada who is backed by Alibaba). Asia Brand has been making big losses for the past 3 financial years (from FY16 to FY18). 1H19 showed some improvement (profit of RM2.4mil) but is still far from the company’s glory days when it managed to record a profit of RM28mil in FY14. Assuming the company managed to reach a profit of RM5mil in FY19, at the current share price it is still being valued at roughly 17.6x PE.

Bigger issue consists of its balance sheet where as of Sept 18 it has a total debt of more than RM100mil (of which most of it needs to be settled in 12 months) and only RM6.7mil cash. The right issue had only managed to increase the cash balance to RM47mil which means that the company still need to raised some more capital in order to pay its debt. Another way is for the company to refinance the debt but given the increasing interest rate trends, it would mean that the company will have to pay higher interest rate in the future.

A big portion of the company’s assets are actually in the form of intangibles (brands) and goodwill. Total net tangible asset (after right issue) should be around RM30mil only or RM0.13 per share. This would mean that the company is currently trading at a high of almost 3x PB.

If you are looking to diversify your portfolio outside of Asia Brands (due to weak earnings growth and weak balance sheet) 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 6.5x 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.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.

Posted by WangLingxin > 2019-01-14 10:02 | Report Abuse

wow thanks for the info

Posted by No right Nor wrong Only to Win > 2019-08-26 12:12 | Report Abuse

Hahaha

commonsense, what a good way in promoting other counter in other threads.

As long as its a quality infos & fact.
I can accepts that.

Thanks bro

Posted by dex > 2020-05-30 21:33 | Report Abuse

aigooo cheap buy. gonna drop even more

Posted by BigZakar > 2020-08-27 14:07 | Report Abuse

Good quality lingerie, better than caely

Posted by Bolihkid > 2020-11-22 02:33 | Report Abuse

Great results. With Anakku won't go wrong

Posted by Abdulhamid > 2020-11-23 15:22 | Report Abuse

Limit up..wow

Posted by Yu_and_Mee > 2020-11-23 17:08 | Report Abuse

This company has name changed?

Posted by Bolihkid > 2020-11-24 09:35 | Report Abuse

Anakku and Audrey belongs to Asia Brands

Posted by HorseyKL > 2020-11-24 10:34 | Report Abuse

Yu_and Mee last time used to be Hing Yap.

Posted by HorseyKL > 2020-11-24 10:42 | Report Abuse

ATP 1,27, Go Go Go...Huat ah

Posted by Yu_and_Mee > 2020-11-24 13:56 | Report Abuse

Hing Yap, never heard before. Anyway, thanks, @HorseyKL

Posted by whizzkid > 2020-11-25 09:35 | Report Abuse

why cannot sell today?

Posted by Living Hope > 2021-02-09 13:11 | Report Abuse

Tough business right now, work hard to survive, don’t think about grow

Posted by thesteward > 2021-02-09 21:18 | Report Abuse

V v nice already hopefully tomorrow spike or next week after cny break

Posted by XxxxXzz > 2021-03-19 14:34 | Report Abuse

Go woodlandaor same game also

Posted by SpicyMcDeluxe > 2021-03-19 14:38 | Report Abuse

kekw

Posted by Hello_cannot > 2021-03-19 18:17 | Report Abuse

I heard Chin Hin's boss is going to acquire this company, is it true?

Posted by BigZakar > 2021-03-19 20:23 | Report Abuse

i love audrey lingerie.................

Posted by risktoreward > 2021-07-29 18:45 | Report Abuse

only manage to match 3 lots @ 0.575. alang alang

Posted by wallstreetrookie > 2021-07-29 18:46 | Report Abuse

The spreads are so big

Posted by risktoreward > 2021-07-29 19:52 | Report Abuse

Yes. Illiquid

Posted by ipohwhitecoffee > 2021-07-29 21:33 | Report Abuse

0.575?

But today's range 0.59 to 0.75 wor....

Posted by risktoreward > 2021-07-29 21:56 | Report Abuse

Hehe check me ya? I queue for days dy, u check la I also duno which day

Posted by ipohwhitecoffee > 2021-07-29 22:00 | Report Abuse

ok bro. No worries. Cz i also entered this and I support you and Asiabrands!

Let's huat together. hahahahaha!

Posted by risktoreward > 2021-07-29 22:02 | Report Abuse

cool! but i sikit je
I support u baru betul, go go LU

Posted by wallstreetrookie > 2021-08-03 07:27 | Report Abuse

Tan Thian Poh, the head of Asia Brands Bhd., a clothing manufacturer, said the regulations mean he hasn’t been able to produce apparel for two months, delaying deliveries to foreign buyers. His factories’ only lifeline has been producing personal protective equipment, which is deemed an essential sector by the government, although even then he is restricted to 60% of his usual workforce. He said that clothing buyers may eventually switch to suppliers from outside Malaysia. “This uncertainty has impacted us very, very badly,” he said.

WSJ | Economics

Posted by risktoreward > 2021-08-06 12:56 | Report Abuse

nibble some @ 0.58

Posted by awesome20 > 2021-08-09 20:31 | Report Abuse

asiabrn after ppl forget will break 1.00 level
in nov/dec probably

Posted by ding dong > 2021-08-14 11:39 | Report Abuse

awesome20 @ yep u are right

Posted by thesteward > 2021-08-27 16:03 | Report Abuse

Yes awesome 20 you could be right . V good FA co

Posted by thesteward > 2021-08-27 16:03 | Report Abuse

No result bomb

Posted by risktoreward > 2021-08-30 17:49 | Report Abuse

Perhaps no need nov/dec, it wants to have a go right now

Posted by thesteward > 2021-09-02 14:59 | Report Abuse

Wah sui

Posted by thesteward > 2021-09-02 17:26 | Report Abuse

Year high is 98.5 sen . Hope this time can go ath . Hoping

Posted by risktoreward > 2021-09-06 23:23 | Report Abuse

Asiabrands accumulating power

Posted by thesteward > 2021-09-14 18:34 | Report Abuse

Gap almost closed . Once spike could be real big

Posted by risktoreward > 2021-09-14 19:01 | Report Abuse

Holding alot

Posted by ipohwhitecoffee > 2021-09-14 19:17 | Report Abuse

One day buy 1 lot, sure got one day spike to sky high. This gonna be real game

Posted by thesteward > 2021-09-14 19:29 | Report Abuse

Market not nice

Posted by thesteward > 2021-09-14 19:40 | Report Abuse

V tough

Posted by risktoreward > 2021-09-14 20:15 | Report Abuse

Yes, need patience

Posted by thesteward > 2021-09-14 22:03 | Report Abuse

Year high 98.5 sen . Risk vs reward is good for me

Posted by risktoreward > 2021-09-17 22:41 | Report Abuse

Asiabrand is near