ABLE GLOBAL BERHAD
KLSE (MYR): ABLEGLOB (7167)
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Last Price
1.88
Today's Change
-0.03 (1.57%)
Day's Change
1.87 - 1.91
Trading Volume
339,900
Financial
Market Cap
578 Million
NOSH
307 Million
Latest Quarter
30-Sep-2024 [#3]
Announcement Date
27-Nov-2024
Next Quarter
31-Dec-2024
Est. Ann. Date
26-Feb-2025
Est. Ann. Due Date
01-Mar-2025
QoQ | YoY
-1.15% | 9.36%
Revenue | NP to SH
713,748.000 | 69,021.000
RPS | P/RPS
232.15 Cent | 0.81
EPS | P/E | EY
22.45 Cent | 8.37 | 11.94%
DPS | DY | Payout %
8.00 Cent | 4.26% | 35.65%
NAPS | P/NAPS
1.52 | 1.24
QoQ | YoY
2.25% | 64.6%
NP Margin | ROE
9.76% | 14.77%
F.Y. | Ann. Date
30-Sep-2024 | 27-Nov-2024
Latest Audited Result
31-Dec-2023
Announcement Date
29-Apr-2024
Next Audited Result
31-Dec-2024
Est. Ann. Date
29-Apr-2025
Est. Ann. Due Date
29-Jun-2025
Revenue | NP to SH
648,512.000 | 51,991.000
RPS | P/RPS
210.93 Cent | 0.89
EPS | P/E | EY
16.91 Cent | 11.12 | 8.99%
DPS | DY | Payout %
6.50 Cent | 3.46% | 38.45%
NAPS | P/NAPS
1.43 | 1.31
YoY
56.85%
NP Margin | ROE
8.09% | 11.82%
F.Y. | Ann. Date
31-Dec-2023 | 26-Feb-2024
Revenue | NP to SH
725,873.333 | 67,830.666
RPS | P/RPS
236.09 Cent | 0.80
EPS | P/E | EY
22.06 Cent | 8.52 | 11.74%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
2.36% | 50.29%
NP Margin | ROE
9.48% | 14.51%
F.Y. | Ann. Date
30-Sep-2024 | 27-Nov-2024
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
16 people like this. Showing 50 of 7,389 comments
haha.. that why emc2gary, u just can earn from stock market..
we need more fool's blood money
2024-08-06 16:56
Someone must be bought at 1.5 1.6 then cut loss at 1.1 1.0,then now price at 2 already he feel not balance, heart pain, become hatred to this stock, see drop 2 cents already very happy
2024-08-29 20:51
So many stuck above RM 2.00. just waiting to cut loss when the price hit 1.80. you better sell before the blood bath starts.
2024-08-29 21:08
Mexico JV is a failure. Smart investors sell all before it is announced as total impairment.
2024-09-01 15:35
I speak with data. Already 5 years, tell us how much is the profit from Mexico JV ???
2024-09-02 08:57
https://theedgemalaysia.com/node/705812
.Edge Weekly
Able Global eyes US market to optimise Mexican factory output
By Liew Jia Teng / The Edge Malaysia
2024-09-03 06:10
I guess you haven't read the quarterly reports of profit/loss of the joint venture.
2024-09-03 08:35
Someone must be hurt badly by serbak, that's y he think every company is running by conman
2024-09-03 10:23
I read the qr report again n there is no mention of the loss in the Mexican venture.
2024-09-03 17:37
In 2021 Public Bank wrote that management targeted Mexico to breakeven by year end. Breakeven utilization set at 30%.
Latest report shows utilization is 35%-40%. However, there have been 2 continuous quarters of share of loss for JV as shown in the P&L. The results over the past 15 quarters have been inconsistent.
Given the company's fortune depends on commodity prices, and with the run up in share price since the last few months, IMO the risk reward is no longer appealing.
2024-09-04 16:05
Q2 2024 Mexico JV was making profit, but the Mexico peso depreciation caused the JV making loss after unrealised forex loss take into account.
2024-09-04 22:06
Good point. Can you share how you deduce that JV was making profit but peso depreciation turned it into a loss? I couldn't find those info.
When I checked the Mexican Peso to Ringgit chart, it shows Mexican Peso has been strengthening against Ringgit from 2019 to mid 2024. The recent peso depreciation happened after mid 2024. But the quarter report is up to Jun 2024 only. In other words, the recent peso depreciation hasn't started during the reported quarter (worse to come in next quarter?)
Rightfully during the period when Peso was strengthening, it took fewer Peso profit to translate into each Ringgit profit. I wonder how the company turned a favourable forex condition (until mid 2024) into an unfavourable result.
2024-09-04 23:31
Reporting currency is in MYR. Anyway, a two-step exercise of Peso to USD, then USD to MYR, the effect is the same.
2024-09-05 18:55
You may refer to Public Bank analyst report issued on 29th Aug.
Mexico operations. On the other hand, AGB’s Mexico operations slipped into a loss of RM0.4m, mainly due to unfavourable currency fluctuations. We gather that exports from its Mexico operations have been increasing steadily and is currently running at a higher utilization rate of 35-40% (previously 25-30%) as the group has started to export full range of products (full cream and filled milk) to US.
2024-09-05 19:25
Thanks for sharing the source. I missed the Public Bank report that “Mexico operations
slipped into a loss of RM0.4m, mainly due to unfavourable currency fluctuations”
So it means the operation was close to breakeven during Q2.
If I look back past 15 quarters since they started reporting the JV results, not only the Mexican progress was behind time, but the performance was also erratic. For example, loss in 3Q23, profitable in 4Q23, then loss again in 1Q24.
Have they really turned the corner?
2024-09-05 21:31
Yes, last quarter, Q2 Able Mexico had granted the full range of product export licenses. CEO did mentioned it during AGM.
2024-09-06 08:43
Alamak today +3%, next week u come comment again will up another 3%,better u come comement everyday
2 months ago
about 65% export market, import raw mat in USD, impact due to weakening USD should be minimum, anyone can shed some lights?
Expect better performance by JV as Mexico Peso against USD rebounds.
2 months ago
Everyday drops a bit... Boiling the frogs slowly...when the frogs realise that it's getting too hot, it would be too late to jump out.😂
2 months ago
The boiling water consists of solid earning each year and good prospects of growth. It is about the investor’s financial capability to stay long enough for the final win with consistent Div yield higher than FD.
2 months ago
This counter meets RenYan investment criteria and is one of the main holding of him since N years ago
2 months ago
Exporters esp tech jump due to USD strengthening, about 65% revenue of Ableglob is export, no benefit? Current share price weakness due to DT will hike 25% of Mexico goods?
Mex JV reported 1.8mil in Q4 2023, only quarter reported profit in past 1 year.
1 month ago
Trump is to impose 25% tariff on products from Canada and Mexico, this will affect sales of AbleGlob Mexico to US. Since this is a quiet counter, I guess there will not be an obvious knee jerk on share price. However I opine this will inevitably affect the growth trajectory of AbleGlob.
3 weeks ago
Relief that AbleGlob released another qtr result with growth again. NP +9.4%. 2 cts div. EPS 5.77cts. Great job, Johortin!!!
3 weeks ago
solid result even incur forex loss of 4.1mil, 0.95mil is unrealized while Mex JV still at loss.
Core profit 21.9mil.
3 weeks ago
Should the new tariff(25%) on Mexico be implemented, we believe the impact on the group's earnings will remain minimal, as we understand that exports to the US from Mexico account for 10-15% of its sales.
2 weeks ago
AGB's Mexico operations continue to post losses due to unrealised forex losses. The keywords are "unrealised forex loss". Yet NP grows by 9.4%.
2 weeks ago
No more steam, all FOMOs kena trapped at high prices yet again. this counter will give you maximum pain for holding its stock. 2.20, not selling, 2.1, 2.0, 1.9... down down down, pain pain and more pain.☠️⚰️🪦
1 day 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....
emc2garylow
Some people comments without brain, 99% of bursa share are drop, they thought only this share drop. 小丑连世界局势都不知道
2024-08-05 10:02