WEGMANS HOLDINGS BERHAD

KLSE (MYR): WEGMANS (0197)

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Last Price

0.20

Today's Change

+0.005 (2.56%)

Day's Change

0.195 - 0.20

Trading Volume

823,500

Overview

Market Cap

110 Million

NOSH

550 Million

Avg Volume (4 weeks)

1,083,935

4 Weeks Range

0.19 - 0.22

4 Weeks Price Volatility (%)

33.33%

52 Weeks Range

0.15 - 0.24

52 Weeks Price Volatility (%)

55.56%

Previous Close

0.195

Open

0.195

Bid

0.195 x 8,000

Ask

0.20 x 245,500

Day's Range

0.195 - 0.20

Trading Volume

823,500

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 [#4] | 27-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 25-May-2024

T4Q P/E | EY

15.68 | 6.38%

T4Q DY | Payout %

2.50% | 39.17%

T4Q NAPS | P/NAPS

0.23 | 0.87

T4Q NP Margin | ROE

6.09% | 5.55%

Market Buzz
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: HOUSEHOLD GOODS

Subsector: HOUSEHOLD GOODS

Description:

Wegmans Holdings Bhd is a home furniture manufacturer, engaged in the design, manufacture and sale of home furniture products. Its customers are wholesalers, retailers, chain stores and traders.

Discussions
3 people like this. Showing 50 of 612 comments

kc1991

Hmmm...

2021-03-19 17:35

klse99

next Monday should watch on these few stocks...the trends are coming, KLCI need rebound, indeed.

2021-03-20 17:23

Ynwa19

KLCI rebound? Looks like shit!

2021-03-22 09:34

kc1991

Where is the rebound?

2021-03-22 15:47

nono_hardi

Ya...rebound can be up and down, klse99 didn't mentioned which of them lol

But this Monday US & China conference make whole world stock unstable tho.

2021-03-25 08:41

nono_hardi

Ok…finally the dictator fed up to play dy. They eventually push =) tmr need careful

2021-03-25 17:01

miniyaoming

I think will be drop back tomorrow, don’t chase high is ok

2021-03-25 17:03

NATURAL8

500mil Nosh counter very easy to push

2021-03-25 17:15

persie

Huat ah..

2021-03-25 17:20

persie

Cum cum coming..

2021-03-25 17:20

persie

Huat ah..

2021-03-25 17:20

persie

@natural8.. don't say 500mil, it is only 82mil shares floated..

2021-03-25 17:21

persie

Huat ah...

2021-03-25 17:21

persie

Nosh 500mil but only 82mil floated..ni hope u understand...

2021-03-25 17:22

persie

Huat ah..

2021-03-25 17:22

Newmaster

This operator is one of the smartest ever seen, no one dare go near them. Just let them play by themselves for sometimes.....................................hahaha

2021-03-25 17:57

nono_hardi

Who say no ones dare LOL @Newmaster
U haven't seen operator mcm BJcorp, the director is more smart enough compare with this.

2021-03-26 08:26

nono_hardi

I'd roughly expect what the price will come, but so pity not much volume as the trend has gone.

2021-03-26 08:27

Newmaster

Told ya

2021-03-30 14:09

mystery

No operators in wegman, so pity

2021-04-30 17:16

Newmaster

TP may go above 50 this round, just be a little patient

2021-05-06 10:16

sujibaby

DPS (7198): From furniture maker to a potential property player - Sujibaby

https://klse.i3investor.com/blogs/sujibaby_yongtai/2021-06-16-story-h1...

2021-06-16 13:58

Shawn Ng

50 cents for this stock ... Remember those coming on the pending orders to be deliver

2021-07-06 12:08

Kingston1

0.50 or 0.05 cents? very much speculating

2021-07-26 15:24

hoot9e996

whats going on with warrant

2021-07-26 15:57

Shinju_Nosuke

Mother up..son down…mother down..son super down… so weird…

2021-07-26 16:09

Frankie Tay

Public Bank Target Price is RM 0.42, can buy or not, any master here?

2021-10-01 20:35

tom33tan

don't miss the rocket..

2021-10-02 23:12

Shinju_Nosuke

Mayday mayday…rocket down..rocket down…

2021-10-04 14:35

RRWin89

back to rsi 50. accumulation phase. slow n steady win the race

2021-10-10 08:58

RRWin89

silent night, holy night....

2021-10-21 10:15

EatCoconutCanWin

What happened to this ipo. Below IPO price 0.25. can buy?

2021-12-28 09:46

Will188

Silent is when the operator accumulating

2022-01-17 21:23

Will188

Let's see the querterly result.

2022-01-17 21:24

blockofstone

tomorrow flyyyy...

2022-05-12 14:52

Linus168

Why tomorrow fly?

2022-05-12 21:19

imvu

-wc gap up limit up ?

2022-05-13 07:17

Legend

Cantik...

2022-05-25 11:44

Legend

Wow sudah ada gaji...haha

2022-05-27 15:37

KPH5328

Prospect: The higher US furniture sales were driven by the Covid-19 recovery stimulus and high demand following the lockdowns. Although purchase orders particularly from US customers remain strong, going forward we expect the continuous inflationary pressures may somewhat dampen demand.
Nevertheless, the ongoing trade war between the United States and China, the Russia-Ukraine
conflict and the resulting sanctions have driven importers to secure their sources of supply from SEA countries, including Malaysia

2022-08-24 22:15

Jaeger

Someone buying lots of wb.

2023-06-16 06:10

adikkici

FA good, technical good but volume very sedih

2023-06-28 09:22

tok_jeff

boodo punya kaunter

2023-06-30 16:08

Kim

Watch to goreng WC & WB =)

2023-09-27 11:49

Kim

Get ready fly to North Korea =)

2023-09-27 12:01

Kim

WB only daredevil can see =)

2023-09-27 12:02

ktrader

Already in WC

2023-09-28 11:18

195410

Wake up Wegmans

2023-10-14 23:50

Za1234

y????................anak/ wc naik banyak ni????

2023-11-07 16:19

MZM2511

Base on my BRIEF study on the QR4 2023 (The latesr QR) of Wegmans:

(Note: A comparative figures from QR3 2023 included)


A: Sitting on positive reserve / Retained profits of RM 82,245,000 (121% of its share capital).
It means, the company is a profitable company.
B: Has a moderate cash and cash equivalents of RM 19 mil.

C. Total assets > Total liabilities, Total current assets > Total current liabilities, and its total current liabilities below 50% of its current assets – Means has a low indebtedness risk.

D. The dividend for shareholders – Dividend of 0.5 sen per ordinary share in respect of the financial year ended 31 December 2023.


THE FINDINGS:

1. NTA 23 sen _ , QR3 2023 - 23 sen.
2. NOSH 550.54 mil _ , QR3 2023 - 550.54 mil.

3. EQUITY
Share Capital RM 68,155,000 _ , QR3 2023 - RM 68,154,000
Treasury shares (RM 94,000) _ , QR3 2023 - (RM 94,000)
Merger defisit (RM 22,100,000) _ , QR3 2023 - (RM 22,100,000)
Retained profits RM 82,245,000 _ , QR3 2023 - RM 78,161,000
Equity Attributable To Owners Of The Company RM 128,206,000 _ , QR3 2023 - RM 124,121,000
Non-Controlling Interest RM 1,541,000 _ , QR3 2023 - (RM 1,483,000)
TOTAL EQUITY RM 129,747,000 _ , QR3 2023 - RM 125,604,000

4. Cash and Cash Equivalent:
Deposits, bank and cash balances RM 19,855,000 _ , QR3 2023 - RM 12,350,000

5. Assets:
Current Assets RM 72,635,000 _ , QR3 2023 - RM 70,838,000
Non-current Assets RM 116,306,000 _ , QR3 2023 - RM 117,267,000
TOTAL ASSETS RM 188,941,000 _ , QR3 2023 - RM 188,105,000

6. Liabilities:
Current Liabilities RM 27,860,000 _ , QR3 2023 - RM 30,095,000
Non-current liabilities RM 31,334,000 _ , QR3 2023 - RM 32,406,000
TOTAL LIABILITIES RM 59,194,000 _ , QR3 2023 - RM 62,501,000

7. QR1 2024 results - Revenue RM 31,417,000 _ , QR3 2023 - RM 33,505,000
- Gross profit/(loss) RM 5,315,000 _ , QR3 2023 - (RM454,000)
- Net profit/(Net loss) RM 4,142,000 _ , QR3 2023 - (RM852,000)


Note 1:

The Group’s revenue for the current financial quarter ended 31 December 2023 has increased by RM0.75 million or 2.46% to approximately RM31.42 million as compared to approximately RM30.66 million in the preceding year corresponding quarter ended 31 December 2022.

The higher revenue was mainly attributed to the higher sales volume from Malaysia.

The Group registered a profit before tax of approximately RM5.32 million for the current financial quarter ended 31 December 2023 as compared to profit before tax of approximately RM3.42 million for the preceding year corresponding quarter ended 31 December 2022.

The higher profit before tax was mainly attributed to the higher revenue generated and strengthening of United States Dollar (“USD”) against the RM whereby a majority of the group’s revenue sales are denominated in USD.

Note 2:

For the current financial quarter ended 31 December 2023, the Group’s revenue has decreased by RM2.09 million or 6.23% to approximately RM31.42 million as compared to approximately RM33.51 million in the preceding financial quarter ended 30 September 2023. The lower revenue was mainly due to lower sales volume from North and South America.

Despite decrease in revenue, the Group registered a profit before tax of approximately RM5.32 million for the current financial quarter ended 31 December 2023 as compared to a loss before tax of approximately RM0.45 million for the preceding financial quarter ended 30 September 2023. The loss before tax was consequent upon the Company’s prudent decision to provide full allowance for the impairment loss on a trade receivable of approximately RM8.00 million.

Note 3: Prospects

Despite the challenging global economic outlook, the Board will regularly review the performance and progress of the Group’s operations and financial performance as well as introduce measures to minimise our operating costs.

The Board expects that the Group’s operations for the financial year ending 31 December 2024 to remain profitable amidst a challenging business environment.

1 month ago

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