WINSTAR CAPITAL BERHAD
KLSE (MYR): WINSTAR (0336)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.585
Today's Change
+0.015 (2.63%)
Day's Change
0.565 - 0.60
Trading Volume
2,515,900
Corporate Figure or Shareholder
| Name | Role |
|---|
Discussions
Be the first to like this. Showing 50 of 200 comments
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
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
Winstar will capture a 5% share of the local market for LSS5 solar PV mounting structures. Big potential
1 week ago
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
<a href="https://sprunkiphasez.com/">sprunki' target='_blank'>https://sprunkiphasez.com/">sprunki mods</a>.Sprunki Mods are a revolutionary collection of add-ons that elevate the Sprunki experience. Each phase embodies a unique blend of immersive themes, dynamic soundscapes, and captivating visuals, offering endless opportunities for customization and creativity. https://sprunkiphasez.com/
1 week ago
morning..
can today reach rm0.68??
or back below rm0.60??
tut tut
let see how today market react..
1 week ago
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
Never mind ... I guess I will do some swing trades when it falls to 0.5x cents again
1 week ago
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
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
Looking at the price movement, it will cross 60 cents again after this CNY holiday ⏫
2 days ago
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
THE INVESTMENT APPROACH OF CALVIN TAN
2
My Trading Adventure 2025
3
My Trading Adventure 2025
4
All Official Update
5
Readers' Digest MY
Japan’s Telecommunication Boom: Innovation, Growth & the Future
6
Bursa Stock Talk
7
My Trading Adventure 2025
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
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....
Zachzach
Klse bleeding
2 weeks ago