Posted by Zachzach > 2 weeks ago | Report Abuse

Klse bleeding

Posted by paktua73 > 2 weeks ago | Report Abuse

Winstar
FA Reviews 

1. Growth-Based Valuation:

i. Earnings Growth:

- For the third quarter ended September 30, 2024, Winstar reported a net profit of RM3.31 million, translating to an EPS of 1.42 sen.
- Annualizing this quarterly EPS suggests an approximate EPS of 5.68 sen for the full year.
 - In FY2023, Winstar reported a net profit of RM8.02 million and revenue of RM153.69 million.
- The company is expanding its production capacity by adding four new aluminium extrusion lines, aiming to increase annual capacity from 6,705 tonnes to 15,285 tonnes between 2025 and 2026.

ii. Market Opportunities:
 
- The removal of China's export tax rebates for aluminium products is expected to make Winstar's offerings more competitive, potentially boosting sales.
  - Winstar is actively pursuing opportunities in Malaysia’s solar photovoltaic (PV) market, particularly with the upcoming implementation of the fifth iteration of Malaysia’s large-scale solar programme (LSS5).

2. Financial Performance-Based Valuation:

i. Price-to-Earnings (P/E) Ratio:
    
- At the IPO price of RM0.35 per share and an annualized EPS of approximately 5.68 sen, the P/E ratio is around 6.16.
- Post-IPO, the share price increased to RM0.51, adjusting the P/E ratio to approximately 8.98.

ii. Price-to-Book (P/B) Ratio:
 
- As of September 30, 2024, Winstar's net assets per share were 34.11 sen.
 - At the IPO price of RM0.35, the P/B ratio is approximately 1.03.
- At the post-IPO price of RM0.51, the P/B ratio is approximately 1.50.

  iii. Debt-to-Equity Ratio:

  - As of September 30, 2024, Winstar's total liabilities were RM149.20 million, and total equity was RM79.62 million, resulting in a debt-to-equity ratio of approximately 1.87.

  iv. Dividend Yield:

  - Winstar targets to distribute 30% of its annual audited consolidated profit after tax attributable to shareholders as dividends, subject to business performance and cash flow requirements.
- Assuming a net profit of RM8.02 million (FY2023) and 290 million shares, the EPS is approximately 2.77 sen.
- A 30% payout would be 0.831 sen per share.
     - At the IPO price of RM0.35, the dividend yield would be approximately 2.37%.
     - At the post-IPO price of RM0.51, the dividend yield would be approximately 1.63%.

3. Valuation Methods:

Comparative Valuation:
- Analysts have assigned fair values to Winstar based on projected EPS and industry P/E multiples:
  - M+ Online assigned a fair value of RM0.56 per share, based on a P/E ratio of 15x pegged to the forecasted FY2025 EPS of 3.75 sen.
- Mercury Securities assigned a fair value of RM0.52 per share, based on a P/E ratio of 10x FY2025 EPS,
-  Indicating a 47% upside from the IPO price.


Conclusion:

Winstar Capital Berhad

- Exhibits solid financial performance and growth prospects,
Supported by strategic capacity expansion and favorable market conditions.
- The company's valuation, as indicated by P/E and P/B ratios, appears reasonable relative to industry peers.



tut tut
saat ramai fear dan focus on new IPO
paktua decided to reenter back winstar..

Posted by paktua73 > 2 weeks ago | Report Abuse

done re-enter back for B-43 at rm0.56
hopefully can get below rm0.54 this week..



tut tut
set on march as S-Game

Posted by CUTLOST > 1 week ago | Report Abuse

Ok Games set 40cts soon

Posted by mf > 1 week ago | Report Abuse

FBM KLCI

FBM KLCI

1,560.06

-2.06

0.13%

Posted by sweetpie > 1 week ago | Report Abuse

40c? mana mungkin

Posted by Apple2353 > 1 week ago | Report Abuse

40c....saya all in lor..

Posted by Kkristal > 1 week ago | Report Abuse

if 0.40 I will top up more, 0.50 above mmg strong support

Posted by Uguess > 1 week ago | Report Abuse

Winstar will capture a 5% share of the local market for LSS5 solar PV mounting structures. Big potential

Posted by weiyanghau > 1 week ago | Report Abuse

if 40c I whack all the credit facilities to buy already

Posted by paktua73 > 1 week ago | Report Abuse

morning..
winstar back on track


tut tut
waiting on feb for more good rally

Posted by acnca84 > 1 week ago | Report Abuse

sudah lompat masuk

Posted by MajinLalaBu > 1 week ago | Report Abuse

It will break through 60 cents again in a short time 🤗

Posted by ktrader > 1 week ago | Report Abuse

Yeaaaa...broken already

Posted by acnca84 > 1 week ago | Report Abuse

ok dah.. jumpa lagi

Posted by weiyanghau > 1 week ago | Report Abuse

finally it has bounced back up

Posted by paktua73 > 1 week ago | Report Abuse

paktua tears on this..
after so many maki hamun..
soo many bad mouth hit..

tut tut
perjuangan ini dilalui oenuh ranjau..
thanks who believing paktua..

Posted by divyaverma > 1 week ago | Report Abuse

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Posted by beachboi21 > 1 week ago | Report Abuse

Winstar race to 80c again, manage to jump in below 0.60

Posted by paktua73 > 1 week ago | Report Abuse

morning..
can today reach rm0.68??
or back below rm0.60??


tut tut
let see how today market react..

Posted by Hokkage > 1 week ago | Report Abuse

It's on the way to rm0.68 and that's for sure, but don't know when ``

Posted by HOOT9EEEEEEEe > 1 week ago | Report Abuse

by this week see can reach 0.68

Posted by bosskubakery > 1 week ago | Report Abuse

not bad not bad, great start for the week

Posted by Zachzach > 1 week ago | Report Abuse

Winstar better stock

Posted by weiyanghau > 1 week ago | Report Abuse

looking at the trend, 0.68 by end of this week should be doable gua

Posted by Zachzach > 1 week ago | Report Abuse

hopefully

Posted by paktua73 > 1 week ago | Report Abuse

morning all winstar holders..
hopefully winstar can reach rm0.70 before CNY..


tut tut
before that wish wingstar can hit rm0.68 this week..

Posted by HOOT9EEEEEEEe > 1 week ago | Report Abuse

hit 0.68 first

Posted by Zachzach > 1 week ago | Report Abuse

Not much movement today

Posted by MikeyChan > 1 week ago | Report Abuse

Almost hitting 68 sen this morning ... Nvr mind, we continue tmr

Posted by Kkristal > 1 week ago | Report Abuse

still feeling positive on WINSTAR, high possibility to higher up again

Posted by weiyanghau > 1 week ago | Report Abuse

nvm, it let climb slow slow 😉 surge is more frightening imo

Posted by Zachzach > 1 week ago | Report Abuse

winstar coming again today..letz go !

Posted by HOOT9EEEEEEEe > 1 week ago | Report Abuse

haha drop already

Posted by Uguess > 1 week ago | Report Abuse

Never mind ... I guess I will do some swing trades when it falls to 0.5x cents again

Posted by HOOT9EEEEEEEe > 1 week ago | Report Abuse

i think short term not that positive

Posted by weiyanghau > 6 days ago | Report Abuse

retrace again.....

Posted by Hokkage > 6 days ago | Report Abuse

This time it will sustain above 60 cents .. I guess 🤓

Posted by HOOT9EEEEEEEe > 6 days ago | Report Abuse

most of the market dropping

Posted by paktua73 > 6 days ago | Report Abuse

morning Semua..maaf ganggu yer..
alert this scammer..
gang (Isabella gang spamming all forum) scammed this scammed from
India) please all alert..call scam n whspp..
never click any link from any stranger.

this the master mind..


https://twitter.com/NanoBaiter/status/1882230762667446493?t=1vlCDrbVnq...



ramai dah terjebak. jangan mudah percaya with all too good to be true meme's..
no easy money in trade..



tut tut
paktua members ada terkena..
please alert

Posted by Bohya777 > 5 days ago | Report Abuse

WINSTAR 60 SEN Strong Support!! Rebound very very soon

Posted by weiyanghau > 5 days ago | Report Abuse

@Hokkage closed one tick below

Posted by HOOT9EEEEEEEe > 3 days ago | Report Abuse

@paktua73 how you see winstar? Can topup or need to run?

Posted by Uguess > 3 days ago | Report Abuse

Waiting at 0.58 and 0.55 to do swing trades

Posted by paktua73 > 2 days ago | Report Abuse

if ask paktua regarding winstar..
its still good counter..

and as paktua was set after last 1st stage at rm0.56..
paktua will stick own Target
if down hit rm0.54 paktua will reload..
if rally between rm0.56 to rm0.68 paktua wat bodo jer..


tut tut
own destination at rm0.70

Posted by Zachzach > 2 days ago | Report Abuse

lets go ... maybe after cny 0.7 !

Posted by weiyanghau > 2 days ago | Report Abuse

so now just hold on the position only

Posted by MajinLalaBu > 1 day ago | Report Abuse

Looking at the price movement, it will cross 60 cents again after this CNY holiday ⏫

Posted by growthstockhunter > 1 day ago | Report Abuse

lets monitor after the cny holiday

Posted by Kkristal > 1 day ago | Report Abuse

just steady b4 chinese new year, full positive on another 0.70 run