EKSONS CORPORATION BHD
KLSE (MYR): EKSONS (9016)
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Last Price
0.50
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
Financial
Market Cap
82 Million
NOSH
164 Million
Latest Quarter
31-Dec-2023 [#3]
Announcement Date
22-Feb-2024
Next Quarter
31-Mar-2024
Est. Ann. Date
30-May-2024
Est. Ann. Due Date
30-May-2024
QoQ | YoY
276.74% | 346.41%
Revenue | NP to SH
25,310.000 | 5,626.000
RPS | P/RPS
15.41 Cent | 3.24
EPS | P/E | EY
3.43 Cent | 14.59 | 6.85%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
2.37 | 0.21
QoQ | YoY
2434.23% | 115.19%
NP Margin | ROE
13.79% | 1.45%
F.Y. | Ann. Date
31-Dec-2023 | 22-Feb-2024
Latest Audited Result
31-Mar-2023
Announcement Date
27-Jul-2023
Next Audited Result
31-Mar-2024
Est. Ann. Date
27-Jul-2024
Est. Ann. Due Date
27-Sep-2024
Revenue | NP to SH
57,301.000 | -18,194.000
RPS | P/RPS
34.89 Cent | 1.43
EPS | P/E | EY
-11.08 Cent | -4.51 | -22.16%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
2.31 | 0.22
YoY
-78.27%
NP Margin | ROE
-34.20% | -4.79%
F.Y. | Ann. Date
31-Mar-2023 | 30-May-2023
Revenue | NP to SH
25,504.000 | 14,742.666
RPS | P/RPS
15.53 Cent | 3.22
EPS | P/E | EY
8.98 Cent | 5.57 | 17.96%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
2.2% | 186.63%
NP Margin | ROE
57.25% | 3.79%
F.Y. | Ann. Date
31-Dec-2023 | 22-Feb-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
1 person likes this. Showing 50 of 568 comments
@TheContrarian,
Any reason you buy into Ekson?
Timber is still loss making. Property and investment holding 4.557 million is from unrealized gains from investment in securities.
2021-10-31 14:50
@Sslee, the two major shareholders own collectively around 59% of the total shares, leaving only 41% free float. Privatisation via SCR or VGO is possible. The investment securities are substantially in overseas securities, believed to be Wall Street companies.
2021-10-31 19:43
Management all busy punting shares using shareholders monies. No wonder biz is shit n losing money at all fronts. Give us a good premium n take it private. U can eo whatever u wan then!
2021-11-30 22:38
Nta rm 2.40.Now 69cents.If have patient wait for 2-5 years.Recommend buy.
2021-12-10 16:18
Buy Ekson 69-75 cents.Buy rm 5-10k each.If have patient like 2-5 years.Once economy recover big time it will at least double the price.Many country need specislize wood for constructioGovernment boost economy usually contruction of need it.
2021-12-14 12:19
@ Michael Kwok, buying to hold for 2-5 years is not a good investment strategy.
2021-12-14 18:18
If early takeover ket say rm 1.20 or higher very rich.Some-more lumber up to over 1000.
2021-12-16 16:44
Duh,many wood related goes to its previous high or near its NTA.Tq.Somemore this counter nta rm 2.40.Previous high over rm 1.People still sell.
Posted by BigZakar > Dec 17, 2021 4:00 PM | Report Abuse
one more self call genius..........
Questionking
50 posts
Posted by Questionking > Jan 25, 2022 11:28 AM | Report Abuse
Wat the he'll Mk keep.mention how good of ekson
2022-01-31 10:50
Some-more my buy call of woodland before so many time.People can see using chart.
2022-01-31 10:51
Michael Kwok born in 1978, started investing in 1993? 15 years old can buy shares?
2022-02-03 18:36
Buy ekson 68 cents.buy rm 10k.if got big shot buy rm 50k above also can.NTA 2.60.So if take over at least rm 1.20-rm 1.30 if 50 percent discount.if more a bonus.
2022-03-22 10:49
Last call say buy rm 10k.Tp rm 1 above.Brewing in company shareholder.
2022-03-30 16:07
I challenge people throw and dun buy.but there buy.i also buy.if takeover at least rm 1.30.u know at least few hundred people holdingb at least few hundred million cash.assume 300 people.minimum 200 million.so at least rm 60 billion not include borrowing secure from bank.
2022-04-13 18:34
The lumber is going shortage.once fully recover is going to usd 2000 above.world need lot of lumber for property,building and other.it need thing for construction.
2022-04-27 22:45
self genius blow water again......................if got money, better buy Tenaga
2022-04-28 08:05
Excuse me.u do not know wht i do in march 2020 till now.please see the record.if this stock do not up above rm 1 before cny 2023.i resign from here.tq.people want fast but do not wanted learn.there no such thing as jump stage in reality world.many do not wanted to learn but making continously mistake.
BigZakar
self genius blow water again......................if got money, better buy Tenaga
2022-05-23 00:15
QR loss!!!!!!!!!!!!!!! will dive below 50cents soon..........michael in deep trouble
2022-05-31 08:48
Loss > 20 million in stock market, they think the company money is their money to gamble?
2022-08-30 18:27
Anyone knows where is the michael that claimed eksons will be above rm1 before cny? I guess he really resign like he said haha.
2023-01-26 17:49
Got patient,wait.i do not go.maintaining above rm 1.tq.dun forget its from sarawak.sarawak cash rich.few hundred million takeover,its peanut for them.
2023-04-13 10:59
Eksons is a Bursa ex-plywood manufacturer cum property developer trading below its Graham Net Net.
The Graham Net Net (current assets minus total liabilities) is often used as a short-hand for liquidation value. The general view is that if you have a company trading very much below its Graham Net Net, you have found an investment opportunity.
Eksons is currently trading at RM 0.52 per share compared to its Graham Net Net of RM 2.02. You may think that this is a bargain.
But Eksons currently does not have any significant operations and is a cash holding company. This makes it a cash-holding value trap.
A value trap is a company that appears cheap but instead of being a bargain turns out to be a dud. Normally if you have a Graham Net Net, it is not a value trap. But this applies only if there are operations.
For a company with lots of cash but without significant operations, you have to assess it differently. This is the case with Eksons
For details on how I assessed this company, go to Eksons is now a value trap (Oct 2023) https://www.youtube.com/watch?v=g1byo-eO4CM
2023-10-02 09:26
You have a stock portfolio to provide a balanced and risk-adjusted exposure to the stock market. But for this to be meaningful, the stocks in a portfolio should not be correlated.
This then begs the question. Should the correlation be based on price or some business fundamentals?
The ideal case is to have uncorrelated stocks based on both market price and business performance correlation. This will achieve diversification that addresses short-term volatility and aligns with long-term investment objectives.
In practice I seldom look at price correlation in my stock portfolio as I am a long-term investor. I look at correlation from a business perspective. https://www.youtube.com/watch?v=7T7of46Q1Ww
Take the example of Eksons and Annum. The former was in the plywood and is now attempting to be a bigger property developer. Annum is still in the plywood business although it has ventured into construction and property development. The top chart shows the ROE trends of the 2 companies while the bottom chart shows the share price trend.
Should they be in the same portfolio? https://i.postimg.cc/xCngD2cF/Eksons-vs-Annum.png
2 months ago
You may think that company with lots of cash can be a good thing. Afterall many would not challenge the mantra that “cash is king”
But in the case of Eksons, you may have to think differently. As of the end of 2023, Eksons had about 2/3 of its total assets held in cash and short term securities. The huge cash position is because the company had scaled down its plywood business and its property development business had yet to scale up.
So it ended with tons of cash where a significant amount is now invested in securities. Unless they have a Warren Buffett in the company, you should worry about whether this is an effective deployment of cash.
My point is that the large cash holding is because of the lack of operations. This large cash holding has been there for many years. I used to think it was a good thing. But it a company is holding onto cash for years, it may not be a good thing. In this case, cash is actually a value trap.
https://focusmalaysia.my/eksons-dont-be-mesmerised-by-the-cash-hoard/
1 month ago
Bursa Malaysia Eksons used to have 2 business segments – timber (mfg of veneer and plywood) and property development. But in early 2023, it closed down the timber business. At the same time, there is no new property development projects. The company is merely selling off its stocks of plywood and unsold properties.
But the company is cash rich due to the closing down of the timber business. It has RM274 million in cash or cash equivalent (investment securities) as of Dec 2023. But cash can also be a value trap as explained in page 21 of INVEST https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol201-Invest-29Mar.pdf
3 weeks ago
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why you all so rich one. I habis capital to buy
2021-10-28 21:20