EKSONS CORPORATION BHD
KLSE (MYR): EKSONS (9016)
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Last Price
0.595
Today's Change
+0.01 (1.71%)
Day's Change
0.59 - 0.595
Trading Volume
19,500
Financial
Market Cap
Market Cap
98 Million
NOSH
164 Million
Latest Quarter
Latest Quarter
30-Jun-2024 [#1]
Announcement Date
22-Aug-2024
Next Quarter
30-Sep-2024
Est. Ann. Date
23-Nov-2024
Est. Ann. Due Date
29-Nov-2024
QoQ | YoY
-66.71% | -85.51%
T4Q Result
Revenue | NP to SH
23,177.000 | 7,114.000
RPS | P/RPS
14.11 Cent | 4.22
EPS | P/E | EY
4.33 Cent | 13.73 | 7.28%
DPS | DY | Payout %
3,969.81 Cent | 6,671.95% | 91,635.48%
NAPS | P/NAPS
2.37 | 0.25
QoQ | YoY
-53.02% | 23.38%
NP Margin | ROE
23.67% | 1.83%
F.Y. | Ann. Date
30-Jun-2024 | 22-Aug-2024
Latest Audited Result
Latest Audited Result
31-Mar-2024
Announcement Date
26-Jul-2024
Next Audited Result
31-Mar-2025
Est. Ann. Date
26-Jul-2025
Est. Ann. Due Date
27-Sep-2025
Annual (Unaudited)
Revenue | NP to SH
24,469.000 | 15,142.000
RPS | P/RPS
14.90 Cent | 3.99
EPS | P/E | EY
9.22 Cent | 6.45 | 15.50%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
2.39 | 0.25
YoY
183.23%
NP Margin | ROE
58.12% | 3.86%
F.Y. | Ann. Date
31-Mar-2024 | 28-May-2024
Annualized Result
Revenue | NP to SH
15,876.000 | 5,440.000
RPS | P/RPS
9.67 Cent | 6.15
EPS | P/E | EY
3.31 Cent | 17.96 | 5.57%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
-64.07% | -85.51%
NP Margin | ROE
34.59% | 1.40%
F.Y. | Ann. Date
30-Jun-2024 | 22-Aug-2024
Business Process
| Trailing 4 Quarters | Trailing 8 Quarters | |||
|---|---|---|---|---|
| Available Quarters | 4 Quarters | 8 Quarters | ||
| Continuous Quarters Of Revenue Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Total Positive Profit Years | 3 / 4 | 75.00% | 5 / 8 | 62.50% |
| Continuous Quarters Of Positive Profit | 3 / 4 | 75.00% | 3 / 8 | 37.50% |
| Continuous Quarters Of Profit Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted EPS Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Total Dividend Years | 1 / 4 | 25.00% | 1 / 8 | 13.00% |
| Continuous Quarters Of Dividend | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Continuous Quarters Of Dividend Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Average ROE | 0.46% | 0.41% | ||
| Average Net Profit Margin | 67.50% | 41.87% | ||
| Last 5 Financial Years | Last 10 Financial Years | |||
|---|---|---|---|---|
| Available Years | 5 Years | 10 Years | ||
| Continuous Quarters Of Revenue Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Total Positive Profit Years | 2 / 5 | 40.00% | 3 / 10 | 30.00% |
| Continuous Quarters Of Positive Profit | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| Continuous Quarters Of Profit Growth | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| Continuous Quarters Of Adjusted EPS Growth | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| Total Dividend Years | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Dividend | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Dividend Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Average ROE | -2.27% | -0.77% | ||
| Average Net Profit Margin | -13.61% | -9.24% | ||
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 23,177 | 15,876 | 24,469 | 112,513 | 52,281 |
| NP to SH | 7,114 | 5,440 | 15,142 | -2,111 | -8,615 |
| Dividend | 6,518,947 | 26,075,790 | 0 | 0 | 0 |
| Adjusted EPS | 4.33 | 3.31 | 9.22 | -1.29 | -5.25 |
| Adjusted DPS | 3,969.81 | 15,879.25 | 0.00 | 0.00 | 0.00 |
NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share
All figures in '000 unless specified.
EPS & DPS's figures in Cent.
Growth
| LQ QoQ | LQ YoY | CQ YoY | LQ vs Average of T4Q | LQ vs Average of T8Q | |
|---|---|---|---|---|---|
| Revenue | -25.69% | -24.56% | -24.56% | -31.50% | -53.17% |
| NP to Owner | -66.71% | -85.51% | -85.51% | -23.53% | -15.53% |
| Dividend | 0.00% | 0.00% | 0.00% | 300.00% | 700.00% |
| Adjusted EPS | -66.71% | -85.51% | -85.51% | -23.53% | -15.53% |
| Adjusted DPS | 0.00% | 0.00% | 0.00% | 300.00% | 700.00% |
LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year
| T4Q vs LFY | T4Q vs AL5FY | T4Q vs AL10FY | AQR vs LFY | AQR vs AL5FY | AQR vs AL10FY | LFY YoY | LFY vs AL5FY | LFY vs AL10FY | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | -5.28% | -55.67% | -79.40% | -35.12% | -69.63% | -85.89% | -57.30% | -53.20% | -78.25% |
| NP to Owner | -53.02% | 182.58% | 436.93% | -64.07% | 163.15% | 357.65% | 183.23% | 275.76% | 817.15% |
| Dividend | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Adjusted EPS | -53.02% | 182.58% | 436.93% | -64.07% | 163.15% | 357.65% | 183.23% | 275.76% | 817.15% |
| Adjusted DPS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year
Discussions
1 person likes this. Showing 50 of 576 comments
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
2024-02-01 10:12
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/
2024-03-02 09:45
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
2024-04-01 12:35
Fortunately, I ameliorated my 'stuck' position in Eksons from 2021 by averaging down 1/5 of my original position @ 61c just b4 ex-divvy, lowering the average to 68.6c so was able to SELL for a profit using a low commission trading a/c even after bagging the rare dividend ! 973 days of trading gains in a row!! 🤗
2024-07-04 09:07
Bought back for 67c becos chart looks like a high tight flag is developing. Better get on board before it takeoff back to 80+ c!☝
2024-07-29 15:24
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BigZakar
today prices very exciting, nearly get it..............
2021-11-26 17:15