ABLE GLOBAL BERHAD
KLSE (MYR): ABLEGLOB (7167)
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Last Price
1.40
Today's Change
0.00 (0.00%)
Day's Change
1.39 - 1.42
Trading Volume
563,900
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
1.40
Avg Target Price
1.58
Upside/Downside
+0.18 (12.86%)Price Call
0
SELL
1
HOLD
10
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
16 people like this. Showing 50 of 7,247 comments
cut loss, with the high material cost, dont think it looks good in the short term.
2022-05-24 19:56
every country will protect their food industry, setting up farm in Mexico and import it to USA is a bad idea. USA will protect their dairy industry by imposing import tax or something... unless that product is unique or not essential, like chocolate or rice
2022-05-31 18:59
Now, the price has dropped to 1.25 only wor.Want to drop until 1.00, lowest price in covid times ?
2022-06-20 18:30
HY2022 results seem reasonable. I wonder why this company only publishes CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS plus some Notes to the Condensed Consolidated Statement of Cash Flows. Why not simply the complete cash flow statements?
2022-08-31 13:40
The market conditions is favourable to the company as raw material price reduction plus depreciation of RM against USD. No more RM 1.
2022-09-07 19:38
Export consumer staples sector seems attracting market interests recently ie Ablegloble, Kawan, Pwroot, 3A, Tguan and BP plastic.
2022-09-07 20:12
I am still holding for long term... frankly, I have confident in them... just waiting for time for the potential turn into real profit
2022-10-05 17:44
Earnings should improve in the next result. Raw material prices have peaked and Mexican JV should start to contribute more by next year when health permit is approved for export by the end of this month.
2022-10-14 19:24
回顾 2017 年，Johore Tin 透过旗下子公司 Able Dairies 注资在 Able Dairies Mexico，并手持 40%的股权。
其他 60%股权则由 2 位现有企业客户和另 1 位私人伙伴持有，联手在当地设立炼乳厂。
在 2019 年，Johore Tin 进一步注资入 Able Diaries Mexico，并将持股率提升至 43%+，前后累积投
入大约 RM23m 的资金。根据计算，该座墨西哥厂房的总投资成本约为 RM50m，包括购买土地、
建筑厂房、购买机器和设备。
目前，该座新厂房已准备就绪投入商业运作，设计产能为每年 120,000 吨，主要专攻墨西哥邻国
的市场。内部目标是在第一年实现 30-50%的使用率，之后在第二年实现 60-70%。
据了解，只要达到 30%使用率，墨西哥厂房即可达到收支平衡。初期的产量已确认将由墨西哥、
中美洲和美国的现有客户消化。
Johore Tin 的 2 位合资伙伴主要是墨西哥著名的食品开发商和营销商。透过他们广泛的分销网络和
现成市场，其自有品牌 Able Farm 有望在当地开拓市占率。
另一方面，在没有进口税和运费的情况下，其墨西哥合资生意的赚幅有望相对比较高。此外，美
国和墨西哥之间的自由贸易协定在某种程度上将协助进一步渗透到南美洲地区。
目前，墨西哥大约 70% 的乳制品市场由雀巢 Nestle 统治。这项合资计划将使 Johore Tin 有能力与
在当地市场分一杯羹，并预计在庞大且尚未开发的中低端市场中占据一席之地。
值得一提，Johore Tin 的大马厂房每年能生产 160,000 吨的乳制品，并且创造 RM40m 左右的营运
盈利。假设以相同比例计算，其墨西哥 120,000 吨的合资厂房一年有能力创造 RM30m 利润。
2022-12-20 10:48
ABLEGLOBAL AGM
主要业务：
锡罐制造 – 制造各种类型的罐头和容器，及提供锡片印刷服务。大部分产品都卖给食品、油漆、化学和食用油的客户，主要售卖给本地。
奶制品 – 售卖炼奶，淡奶和大小包装奶粉， 80% 的产品都是出口至美洲、非洲和东南亚地区。目前产能为每年160,000 MT。
营业额地区分布：
• 非洲 (15.0%)
• 亚洲 (41.6%)
• 中美 (9.3%)
• 欧洲 (0.8%)
• 墨西哥 (0.5%)
• 马来西亚 (32.9%)
公司所服务的领域如下：
• 锡罐制造 25.5%
• 奶制品 74.5%
股东特大摘录：
1) 营业额
• 公司出口至中美地区的销售在2021年出现大幅度的下滑 (从RM80 mil下跌至RM46 mil)，主要是公司在墨西哥的联营工厂已经开始营运。该工厂主要出口给墨西哥和美国等周边国家，而联营公司的营业额并不会纳入集团的营业额当中；
• 管理层表示虽然目前全球都在面通胀的问题，但这并不会影响公司产品的需求，客户也已经接受公司提高产品的销售价格。
2) 成本
• 公司主要的原材料是镀锡 (tinplate) 和奶粉 (milk powder)，各占了公司30% 及70% 的库存。库存的提高主要是公司为了囤积更多原材料，确保生产不会出现断层；
• 管理层表示原材料价格的上涨平均在落在10% 至50% 的区间；
• 目前公司正在尽可能把额外的成本转嫁给客户，但转嫁的速度比不上原材料上涨的幅度；
• 随着原材料价格近期的走势比较稳定，公司的profit margin在未来预计会正常化。
3) 墨西哥厂房
• 墨西哥工厂的产能和大马相同，每年大约可生产80,000 MT的奶制品；
• 目前公司还在等待相关单位的出口准证 (Export permit)，只要获得出口准证，公司的墨西哥工厂就可以出口至周边国家如美国；
• 公司也获得Walmart的批准，目前可以出口至全球的Walmart分店。Walmart所有的供应都会来自墨西哥厂房；
• 目前墨西哥厂房使用率维持在20%；
• 墨西哥厂房的营运让公司在大马的厂房有空出的产能。管理层也会积极寻找亚洲的客户去填补额外产能，提高厂房使用率。
4) 公司目前也是面对劳工短缺的问题，最低薪金制也会部分影响公司的盈利。管理层表示会转嫁成本给客户。
5) 未来并不会有大型的资本支出，主要的CAPEX都会用在替换久机器去提高产能效率。
后记:
公司的盈利成长取决于墨西哥厂房何时能获得出口准证。只要准证到手，相信管理层也能快速提高墨西哥厂房的使用率，实现更多盈利。我们预计公司未来1至2个季度的margin 会受到承压，但长期而言公司还是有能力把成本转嫁给客户。公司目前的本益比为10.6倍，假设盈利成长10% 左右，本益比会来到9.5倍，估值相对有吸引力。
2023-01-16 16:05
Lot 5049, Kuala Langat
297.51 acres
6/17
Sime Darby > PNB
RM 85,500,0000
9/21
PNB > Able
RM 169,800,0000
2Q2023
Property Development Segment
The land under the property development is in the process of conversion to industrial.
PS: Sime Darby had tried to convert the land use from agricultural to industrial since 6/2015 > 6/2017 but failed.
1 month ago
This company is gone case. Sugar price going higher and higher. Profit margin going lower. Government and health authorities promoting low sugar consumption. The condense milk business will die a slow death as more and more people going low sugar diet/low condensed milk drink. As for the tin business, more and more food and chemical containers are replaced by plastics. This business is also going to die a slow death. Company bought a useless piece of land, increasing its debt. When cannot sell the land, still have to pay debt, risk of bankruptcy is real. Free cash flow is negative. No joke. Just cut loss and move on. Share price will go to RM 0.90. sell sell sell.
1 month ago
Will break 1.27 wall soon. 1.10 coming, then 0.90. sayonara. You all continue to trust in this sinking titanic ship, hoping for a miracle. Wise men already jump ship at 1.7 all the way to 1.3. See you at 0.90.
1 month ago
Last chance to sell before hitting next new 52w low. JV Mexico is a joke after many years still struggling to bring profit. Shareholders are in the dark but directors are silent. Profit coming soon...soon..after 5 years still struggling..and share price going lower each quarter. Property business burning up cash. It's what Peter Lynch said "diworsification", venturing into unrelated business with no experience is like marching into a slaughter house. Good luck all. I've sold all shares near the top around 1.90... thanks to those who bought my shares. Ha ha ha...
1 month ago
Glad to hear that you sold all at 1.90, brilliant choice! I am happy for you. By the way, why you seem still have concern on the future prospect of this counter?
4 weeks ago
90% of investors who bought shares of this crappy company since November 2019 is still under water. What a joke. Buy Q is going to collapse. Sellers keep selling to break 1.27. More seller waiting at 1.30 to dump the shares. Next quarter is going to be ugly due to high sugar price. Debt bomb is ticking.
3 weeks ago
When Mexico JV run at full capacity and the property sector start to contribute to the earnings, the profit shall hit RM 60 million/year. The share price will hit at least RM 2.0. Just wait and see.
2 weeks ago
@kedsheong you must be dreaming or smoking weeds, look at the seller's dump trucks above 1.30 waiting to dump the useless stocks. Sell sell sell before the dumping begins!!! See you at RM 0.9.
2 weeks ago
Steel price up up, sugar price up up, electricity price up up, labour price up up, share price down down. Ha ha... Sure die counter.
1 week ago
typo?
For the tin cans manufacturing segment, revenue increased by RM7.73 million from RM26.11 million to
RM33.84 million is mainly due to higher sales demand in the current quarter. Profit before tax increased by
RM1.32 million from RM8.90 million in the preceding year corresponding quarter to RM5.40 million.
Higher profit before tax in the current quarter is mainly due to increase in sales demand.
4 days ago
Howardmark, I'm not smoking weeds. Your analysis was dead wrong!! Ableglob is a fundamentally strong company. QR result is excellent. When sugar price is normalised, next quarter's profit will surge even higher. Like I said 2 weeks ago, the profit shall hit RM 60 million/year. The share price will hit at least RM 2.0. Fair price is around RM 2.00 - 2.30. HUAT AH!! to all the strong hearted ableglobal's shareholders who believe in this company.
4 days ago
To all those who have sold at 1.30 and below, you have just sold at the very bottom of the chart. Don't worry, its still not too late to buyback your shares. Hold for the long term. Cheers😊
4 days ago
Luckily collected alot last few weeks. Howardmark want to collect low, no one will spend time to comment here if he no intention to buy. Just too innocent that thinking simply badmouth will lower down the price. BTW, The F&B is full of potential, either in oversea or Malaysia. Milk supply to school definitely a strong support for the revenue. Highest revenue and profit ever. (the Palestine issues maybe contribute some sales also). Management didnt mention about the factory runrate, maybe have great improvement overthere.
4 days ago
Ha ha ha...my analysis was wrong, but at least I managed to scare some no-balls shareholders to sell their shares at the very bottom of the chart. 🤣😂 Was hoping to buy at 0.9.. but nevermind.
4 days ago
Date: 2023-11-30
Firm: TA
Price Target: 1.55
Firm: PUBLIC BANK
Price Target: 1.78
3 days ago
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CS Tan
4.9 / 5.0
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....
silvernina
I guess company is having Good value ?
2022-05-07 17:42