CAPE EMS BERHAD

KLSE (MYR): CEB (5311)

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Last Price

0.985

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


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300 comment(s). Last comment by zzzzz 5 days ago

Posted by TerrenceLim > 2023-09-22 07:12 | Report Abuse

Some funds are dumping down... Be careful

Waller

107 posts

Posted by Waller > 2023-09-22 12:18 | Report Abuse

As long as they are not from institutional funds, then it's fine I guess

fortunefire

1,381 posts

Posted by fortunefire > 2023-11-15 15:29 | Report Abuse

waiting

Posted by papakuching > 2024-01-17 13:36 | Report Abuse

Expecting a technical retracement. Uptrend now RM1.02

Waller

107 posts

Posted by Waller > 2024-01-22 16:46 | Report Abuse

Director came out buying in. Another rally is coming

fruitcake

772 posts

Posted by fruitcake > 2024-02-27 09:17 | Report Abuse

who recommended this stock?😁

MrFox

1,139 posts

Posted by MrFox > 2024-02-27 09:17 | Report Abuse

fruitcake

fruitcake

772 posts

Posted by fruitcake > 2024-02-27 09:45 | Report Abuse

now everyone holding it is CBB

nicky

3,351 posts

Posted by nicky > 2024-02-27 10:27 | Report Abuse

what happened .. QR gg

8dragon

2,057 posts

Posted by 8dragon > 2024-02-27 18:07 | Report Abuse

Tomorrow LD....

fruitcake

772 posts

Posted by fruitcake > 2024-02-28 10:07 | Report Abuse

HALO, WHO RECOMMENDED THIS STOCK? please step forward. d.a.m.n.i.t πŸ˜‚πŸ€£

Posted by EatCoconutCanWin > 2024-02-28 10:29 | Report Abuse

Buy in 0.92

8dragon

2,057 posts

Posted by 8dragon > 2024-02-28 10:41 | Report Abuse

Why no LD....?

Posted by papakuching > 2024-02-28 12:16 | Report Abuse

Bought some at RM0.90 IPO price.

8dragon

2,057 posts

Posted by 8dragon > 2024-02-28 13:01 | Report Abuse

Will drop down below 0.80 ....same level as SKPRES

aspenvit

289 posts

Posted by aspenvit > 2024-02-29 11:39 | Report Abuse

Revenue improved significantly.

aspenvit

289 posts

Posted by aspenvit > 2024-02-29 11:40 | Report Abuse

CAPE 4Q23 briefing keytakes (Zoom)

Date: 27 Feb 2024

Management: Christina Tee (CEO), Kelvin Tan (CFO) and team

2023 financials overview

- 2023 revenue +24% driven by wireless equipment and CE E-Cigg alongside new contribution from thermal devices. PAT +32% on favourable product mix. 4Q revenue +25% but PAT -38% due to underprovision of tax in previous quarters + additional operating cost related to die casting and new EV business.
- Normalised PAT at RM57.8m after adjusting for IPO expenses RM4m, RM2m acquisition cost of iConn, and sales and lease back arrangement. Previously guided RM59m which included this RM7m of sales & leaseback arrangement, but now they did not proceed on this.
- Revenue breakdown: 65% on industrial produce, CE at 32%, 3% from die casting. US 66%, Asia at 33%, EUR 2%.
- Financial positions: RM170m of cash, 0.4x gearing ratio.
- Orderbook of RM218m (RM33m from CE and RM185m from Industrial products)
- Utilisation of proceeds: RM125m - the balance of unutilised proceeds

Production capacity

- 3 factories (Senai, Tebrau and Kempas 6)
- Relocation cost Temenggung to Tebrau
- 433k sqft now, on 34 EMS lines, and 770+ workers
- Tebrau (100.6k sqft) for aluminium die, 10 new alu die cast and machinery purchase are in progress
- Senai 226 (166.9k sqft), to house finished goods
- Warehouse automated storage facilities

Business updates

- Mimosa – completed acquisition of Mimosa from Jio platforms. Penetrated into new market via this acquisition. Ex-India all by CAPE now, in India, 25% by Cape.
- NextCentury (smart utility data collection) – penetrated into Australia market. Mexico in process to be certified.
- Customer A – after acquisition, more opportunity here
- K&Q (household applicances – vacuum) – anticipating an uptick in demand. Besides US, it is into Turkey now
- New customer C – Leader in EV charging device and station. US based founded in 2007.
- New customer S – packaging tracking vehicle – UK based providing tracking system for reusable packaging. Market segment from retail, post and parcel and logisitic companies
- New customer M – amphibious craft of vehicle, based in NZ. Specialising in designing and manufacturing amphibious boats equipped with retractable, motorised wheels. Partnering with SEA CM to supply new contracts in at least next 5 years.
- Into medical, sport equipment, EV charging systems as well
- Vectrix mobility - 60% stake owned by by APE, Vectrix owns 40% - batt pack production will be ready by 2Q24. High flexibility of assembling modules up to 3k WH, in the voltage range from 7V to 150V. UK, EUR, JPN, SG and MY distribution ship partner has been identified. Current order on hand is at 1200 units, will be suppling directly from Taiwan maker. All batt pack will be self-supply by CAPE.


Q&A

- Customer A – additional 80% more capacity; device and pod will be the driver. 2023 revenue contribution was RM160m. Wanted to limit exposure from here, as in not >25%.
- 2024: targeting minimally 30% revenue growth. Targeting NPM of 8-10%. Batt Pack manufacturing, K&Q, EV charger see good growth.
- Customer T – radioactive tracking + chambers (consumable).
- iConn – <USD30m orders by CAPE.
- Vectrix – Yan Loong? CM from Taiwan
- 3 new customers C, S and M on NPI now, and not part of the revenue growth target for 2024.
- Jio reliance orders on cable –access points – 2 components whereby CAPE supplied 2m parts (30k per month).
- Costs – some can be passed on

Thanks

From UOBKH’s DC

aspenvit

289 posts

Posted by aspenvit > 2024-02-29 11:42 | Report Abuse

"For CEB, its order book remains strong at Rm217m and Revenue indeed up by 8% QoQ so I believe the drop in PAT is one off event."

aspenvit

289 posts

Posted by aspenvit > 2024-02-29 11:44 | Report Abuse

"Btw for CEB my view is can consider holding it for another quarter because:
1. MD/Group CEO has bought 2m shares via open market during 27-28/2.
2. Chartwise the next support is 0.88.
3. Management provided the below guidances for FY2024 ie at least 30% growth in revenue and profit margin after tax ard 8-10%. So profit before tax of 60-70m for FY2024 is within reach.
4. They have engaged tax consultant to look into their tax reporting process. πŸ™πŸ™"

Posted by papakuching > 2 months ago | Report Abuse

Today heading North. Will not sell until above RM1

limitup4u

356 posts

Posted by limitup4u > 2 months ago | Report Abuse

Should have good chance in coming back

limitup4u

356 posts

Posted by limitup4u > 2 months ago | Report Abuse

get ready for the take off

Michael Kwok

6,132 posts

Posted by Michael Kwok > 2 months ago | Report Abuse

Cape ems 90 cents
Resistance 92 cents
Possible will be in 70 cents range.if resistance cant break in before 19 march end.
15/3/24 10.18am

limitup4u

356 posts

Posted by limitup4u > 2 months ago | Report Abuse

Seems like very hard to break 0.9.. Zzzz

Posted by papakuching > 2 months ago | Report Abuse

Bought some at 0.90 today and expect to make some money for beer

limitup4u

356 posts

Posted by limitup4u > 2 months ago | Report Abuse

Here it come

LimitUp

398 posts

Posted by LimitUp > 2 months ago | Report Abuse

CEB going to shoot.....

8dragon

2,057 posts

Posted by 8dragon > 2 months ago | Report Abuse

CEB is likely to move up to 1.10 level, this is a bargain price to collect.

limitup4u

356 posts

Posted by limitup4u > 2 months ago | Report Abuse

Director also start buying in. πŸ‘πŸ»πŸ‘πŸ»

BursaKakis

418 posts

Posted by BursaKakis > 2 months ago | Report Abuse

Cape EMS working to regain investor confidence
https://theedgemalaysia.com/node/704942

limitup4u

356 posts

Posted by limitup4u > 2 months ago | Report Abuse

why she sounds like the next qr is bad and ask us to hold it long term.

8dragon

2,057 posts

Posted by 8dragon > 1 month ago | Report Abuse

I'm quite persimistic the capability of a woman CEO in running a EMS company....

limitup4u

356 posts

Posted by limitup4u > 1 month ago | Report Abuse

Well, guess we can only hope for the best

WiseEye

1,199 posts

Posted by WiseEye > 1 month ago | Report Abuse

Anything wrong with women running the company?

Posted by togogayguy > 1 month ago | Report Abuse

8 dragon is someone who cant even run his own household

Posted by papakuching > 1 month ago | Report Abuse

Coming

Posted by togogayguy > 4 weeks ago | Report Abuse

just a matter of time before going above RM1

Posted by togogayguy > 2 weeks ago | Report Abuse

touched RM1. still cheap. will be back to 1.2/1.3 level once QR is out.

zzzzz

1,841 posts

Posted by zzzzz > 2 weeks ago | Report Abuse

VS, SKPRESS, NATIONGATE, ATAIMIS & CEB .... .. choose from the best ...LOL

Posted by donnybelowski > 1 week ago | Report Abuse

Still weak profits. Con jobs. Jual

BursaKakis

418 posts

Posted by BursaKakis > 1 week ago | Report Abuse

Cape EMS’ 1Q net profit jumps 58%
https://theedgemalaysia.com/node/712452

duatlai

181 posts

Posted by duatlai > 1 week ago | Report Abuse

Cage ems. CAGED INVESTORS

zzzzz

1,841 posts

Posted by zzzzz > 6 days ago | Report Abuse

VS jump up but CEB diving

limitup4u

356 posts

Posted by limitup4u > 6 days ago | Report Abuse

That’s why it call CB

zzzzz

1,841 posts

Posted by zzzzz > 6 days ago | Report Abuse

All EMS up... except this silly counter

dondonho

14 posts

Posted by dondonho > 6 days ago | Report Abuse

this counter drop may be cause by the high borrowing .net debt about 100 million

Jeferson

15 posts

Posted by Jeferson > 6 days ago | Report Abuse

prepare to catch if it drops to the price less than RM1 πŸ™‚

zzzzz

1,841 posts

Posted by zzzzz > 5 days ago | Report Abuse

Many tickets for sale,,, no hurry..LOL

limitup4u

356 posts

Posted by limitup4u > 5 days ago | Report Abuse

Once again it will be going down to below 0.9

zzzzz

1,841 posts

Posted by zzzzz > 5 days ago | Report Abuse

wow... doing low... sellers a lot

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