WINSTAR CAPITAL BERHAD
KLSE (MYR): WINSTAR (0336)
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Last Price
0.565
Today's Change
+0.005 (0.89%)
Day's Change
0.545 - 0.57
Trading Volume
5,025,800
Overview
Market Cap
164 Million
NOSH
290 Million
Avg Volume (4 weeks)
17,298,416
4 Weeks Range
0.505 - 0.745
4 Weeks Price Volatility (%)
25.00%
52 Weeks Range
0.48 - 0.745
52 Weeks Price Volatility (%)
32.08%
Previous Close
0.56
Open
0.56
Bid
0.565 x 36,100
Ask
0.57 x 97,700
Day's Range
0.545 - 0.57
Trading Volume
5,025,800
Financial Highlight
Latest Quarter | Ann. Date
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Next QR | Est. Ann. Date
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T4Q P/E | EY
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T4Q DY | Payout %
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T4Q NAPS | P/NAPS
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T4Q NP Margin | ROE
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News and Blogs
Related videos
Company Profile
Sector: INDUSTRIAL PRODUCTS & SERVICES
Sector: INDUSTRIAL PRODUCTS & SERVICES
Subsector: METALS
Subsector: METALS
Description:
Winstar Capital Berhad and its subsidiaries (Winstar Group) engage in aluminium extrusion, building materials trading, and solar PV system installation. In the midstream and downstream aluminium industry, Winstar converts aluminium billets into extruded profiles, mainly for construction. Aluminium extrusion generates 50-60% of revenue. The Group also trades building materials like stainless steel and aluminium, contributing 30-40% of revenue, with 3,400 SKUs distributed across Peninsular and East Malaysia. Winstar also offers solar PV system installation services, leveraging relationships with Sunview Group Berhad, accounting for 2.3% of revenue. All revenue is generated from the domestic market.
Discussions
Be the first to like this. Showing 50 of 160 comments
**Correction***
hi.. all winstar believers..
paktua wish all will get good gain here..
tut tut
paktua will sail on next IPO
but tak semestinya SET..mybe CBH or Northern Solar Holding Berhad..
hehe
1 week ago
I guess retailers have done taking profits and it's time for the stock to rebound
1 week ago
Winstar is boosting its production capacity by installing four new aluminum extrusion lines, raising its annual capacity from 6,705 tonnes to 15,285 tonnes. The first two lines are slated to begin operations by Q2 2025, with the remaining two becoming operational by mid-2026
1 week ago
As long remain trading above 0.60 then I'm fine with it, hope some action up at afternoon
1 week ago
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..
3 days ago
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
3 days ago
Winstar will capture a 5% share of the local market for LSS5 solar PV mounting structures. Big potential
2 days 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....
ktrader
Lets stay above 0.70 for a few trading days before propelling up heading
1 ringgit ya...
2 weeks ago