MIECO CHIPBOARD BHD
KLSE (MYR): MIECO (5001)
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Last Price
0.63
Today's Change
0.00 (0.00%)
Day's Change
0.63 - 0.63
Trading Volume
61,600
Financial
Market Cap
630 Million
NOSH
1,000 Million
Latest Quarter
31-Mar-2023 [#1]
Announcement Date
29-May-2023
Next Quarter
30-Jun-2023
Est. Ann. Date
25-Aug-2023
Est. Ann. Due Date
29-Aug-2023
QoQ | YoY
134.42% | 646.05%
Revenue | NP to SH
285,025.000 | -24,302.000
RPS | P/RPS
28.50 Cent | 2.21
EPS | P/E | EY
-2.43 Cent | -25.92 | -3.86%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
0.40 | 1.57
QoQ | YoY
23.83% | -209.26%
NP Margin | ROE
-9.24% | -6.08%
F.Y. | Ann. Date
31-Mar-2023 | 29-May-2023
Latest Audited Result
31-Dec-2022
Announcement Date
28-Apr-2023
Next Audited Result
31-Dec-2023
Est. Ann. Date
28-Apr-2024
Est. Ann. Due Date
28-Jun-2024
Revenue | NP to SH
328,264.000 | -31,905.000
RPS | P/RPS
32.83 Cent | 1.92
EPS | P/E | EY
-3.39 Cent | -19.75 | -5.06%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
0.39 | 1.62
YoY
-216.0%
NP Margin | ROE
-10.34% | -8.18%
F.Y. | Ann. Date
31-Dec-2022 | 24-Feb-2023
Revenue | NP to SH
236,912.000 | 35,124.000
RPS | P/RPS
23.69 Cent | 2.66
EPS | P/E | EY
3.52 Cent | 17.94 | 5.58%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
210.09% | 646.05%
NP Margin | ROE
14.83% | 8.78%
F.Y. | Ann. Date
31-Mar-2023 | 29-May-2023
Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
| Date | Financial Result | Financial Ratio | Per Share Item | Performance | Valuation (End of Quarter) | Valuation (Ann. Date) | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| F.Y. | Ann. Date | Quarter | # | Revenue | PBT | NP | NP to SH | Div | Net Worth | Div Payout % | NP Margin | ROE | NOSH | RPS | Adj. RPS | EPS | Adj. EPS | DPS | Adj. DPS | NAPS | Adj. NAPS | QoQ | YoY | EOQ Date | EOQ Price | EOQ P/RPS | EOQ P/EPS | EOQ P/NAPS | EOQ EY | EOQ DY | ANN Date | ANN Price | ANN P/RPS | ANN P/EPS | ANN P/NAPS | ANN EY | ANN DY |
PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
All figures in '000 unless specified.
Discussions
8 people like this. Showing 50 of 3,362 comments
Evergreen Fiberboard is not a good company, but people like to play the rebound. Just look at the revenue segment for Evergreen. Mieco has better drivers
2022-04-21 11:29
sure ka Mieco better?? Evegreen punya revenue 200 mil over per quarter. Mieco got 100 mil ++ only
2022-04-21 15:51
Yes, but I really should stop posting comments from now onwards. Some people are using me as a reverse indicator. Time to take a break from forums. Thankless job honestly
2022-04-21 17:29
up agree. last time 2015 usd/rm up trend, glove, furniture, chipboard counters uptrend. recently looks like is a show for evergreen, hevea and mieco
2022-04-24 12:41
USD will keep strengthening until Q3 2022 according to FX traders. Mieco will benefit from this.
2022-04-30 11:07
Still very bullish on Mieco. Need to shake off the short term traders before another leg up
2022-04-30 11:07
This is one of the few stocks to own in this difficult market. USD still strengthening until today as Nasdaq and S&P500 slides. Investors still buying cash and rotating out of all risk assets
2022-05-05 22:52
Notable FX strategists see the Dollar strength going in mid August 2022
2022-05-05 22:53
Buy on every pullback, management dumping for fear of "retail sentiment"
They probably read i3 comments and try to inverse retail investors.
Do not donate your shares to management. Keep holding
2022-05-18 19:23
Ringgit will keep weakening. Earnings will be as good as other fibreboard companies.
2022-05-18 19:23
i saw in a few investment group chats, the gurus and the members cut loss trading mieco, rugi banyak..
2022-05-19 22:30
Dow Jones
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Nasdaq
NASDAQ Composite
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2022-05-19 22:39
teka teki results quarter
hevea - cantik
evergreen - cantik
mieco - teruk atau biasa
2022-05-20 14:26
I am an individual investor, do not belong to any investment groups. I don't know what you are talking about
2022-05-20 15:18
i didn't mean u, wallstreetrookie. what i meant is sharing my info, what i saw in those group chats
2022-05-20 15:24
Insiders trying to dump their shares on retail before the next earnings. Do not donate your shares. The trend will last until the start of Q3 2022. This is a long term hold
2022-05-23 08:43
as expected, results evergreen cantik
now heavea cantik, evergreen cantik. i think mieco tak cantik
2022-05-24 02:22
This insider (management) is very smart. They bought when all retailers have cut their losses.
2022-06-04 14:26
Why are you guys donating your shares to management? Typical retail mentality
2022-06-04 14:26
adui, dont simply mislead ppl leh... they might gonna throw another wave down..
2022-06-04 23:28
You are just looking at the charts. You work at Hong Leong research is it? Why do you hate this stock so much
2022-06-06 11:01
I don't respect any analyst (especially sell-side) from Hong Leong bank. Bunch of pricks
2022-06-06 11:04
no la, i am normal investor only. mieco is good. just that i think the price might NOT be bottom yet. but maybe i am wrong.
2022-06-07 00:52
It has begun :)
-----------------------------------------------------------
bojed
Don't miss this train. Let's see if I can get some at 0.6 today.
1 week ago
2022-10-27 19:25
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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....
wallstreetrookie
Earnings wise, both companies are similar. One sells medium density, another one deals with chipboards. Chipboard is just another iteration of low density chipboards. It all boils down on the type of building materials contractors need and what furniture makers want. Raw materials cost will keep going up no matter what. Hevea is obviously the worst since revenue is only 127 million
There's one caveat to this. Chipboards are generally much more versatile than plywoods as it is both more environmentally friendly and flexible than the stronger, sturdier plywoods. ESG-wise, Mieco and Evergreen is a strong winner.
Furthermore, based on supply chain analysis, the biggest customer for Mieco is obviously Seng Yip Furniture and Spring Art Holdings. Furniture stocks have been doing great until recently.
Mieco will continue to outperform under the right market condition as it slowly tracks its industry peers such as Century Plyboards India (currently trading at 47.61x PER) and Greenpanel Industries Limited (trading at 32.01x PER). However, these are the competitors since they manufacture plywoods, not chipboards.
Technical wise, insiders bought close to 1% of the total volume. There only exists 19 other companies with similar profiles based on extensive screening such as positive earnings, sector cyclicality and more.
Therefore, my short term price target for Mieco Chipboard remains at RM1.20 based on ratios and earnings-driven indicators.
If all catalysts align with the macroeconomic factors/trends and with a possible market risk-on sentiment happening in second half of 2022, Mieco could hit
2022-04-16 08:35