Zachzach

Klse bleeding

2 weeks ago

paktua73

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..

2 weeks ago

paktua73

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

2 weeks ago

CUTLOST

Ok Games set 40cts soon

2 weeks ago

mf

FBM KLCI

FBM KLCI

1,560.06

-2.06

0.13%

2 weeks ago

sweetpie

40c? mana mungkin

2 weeks ago

Apple2353

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

2 weeks ago

Kkristal

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

2 weeks ago

Uguess

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

1 week ago

weiyanghau

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

1 week ago

paktua73

morning..
winstar back on track


tut tut
waiting on feb for more good rally

1 week ago

acnca84

sudah lompat masuk

1 week ago

MajinLalaBu

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

1 week ago

ktrader

Yeaaaa...broken already

1 week ago

acnca84

ok dah.. jumpa lagi

1 week ago

weiyanghau

finally it has bounced back up

1 week ago

paktua73

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..

1 week ago

divyaverma

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1 week ago

beachboi21

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

1 week ago

paktua73

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


tut tut
let see how today market react..

1 week ago

Hokkage

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

1 week ago

HOOT9EEEEEEEe

by this week see can reach 0.68

1 week ago

bosskubakery

not bad not bad, great start for the week

1 week ago

Zachzach

Winstar better stock

1 week ago

weiyanghau

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

1 week ago

Zachzach

hopefully

1 week ago

paktua73

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


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

1 week ago

HOOT9EEEEEEEe

hit 0.68 first

1 week ago

Zachzach

Not much movement today

1 week ago

MikeyChan

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

1 week ago

Kkristal

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

1 week ago

weiyanghau

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

1 week ago

Zachzach

winstar coming again today..letz go !

1 week ago

HOOT9EEEEEEEe

haha drop already

1 week ago

Uguess

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

1 week ago

HOOT9EEEEEEEe

i think short term not that positive

1 week ago

weiyanghau

retrace again.....

1 week ago

Hokkage

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

6 days ago

HOOT9EEEEEEEe

most of the market dropping

6 days ago

paktua73

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

6 days ago

Bohya777

WINSTAR 60 SEN Strong Support!! Rebound very very soon

6 days ago

weiyanghau

@Hokkage closed one tick below

6 days ago

HOOT9EEEEEEEe

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

3 days ago

Uguess

Waiting at 0.58 and 0.55 to do swing trades

3 days ago

paktua73

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

3 days ago

Zachzach

lets go ... maybe after cny 0.7 !

3 days ago

weiyanghau

so now just hold on the position only

3 days ago

MajinLalaBu

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

2 days ago

growthstockhunter

lets monitor after the cny holiday

2 days ago

Kkristal

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

2 days ago