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Author: BURSAMASTER   |   Latest post: Sun, 29 Nov 2020, 10:11 AM

 

MAG & MAG-WB : POTENTIAL UPTREND STOCK

Author: BURSAMASTER   |  Publish date: Sun, 29 Nov 2020, 10:11 AM


MAG  &  MAG-WB   :   POTENTIAL UPTREND STOCK

MAG HOLDINGS BERHAD  (MAG - Stock Code 0095, Consumer

Products & Services, ACE Market)

 

BASIC INFORMATION ABOUT MAG HOLDINGS BERHAD

MAG Holdings Berhad, a Malaysia based investment holding company, with wholly owned subsidiaries in Malaysia, Australia, the United States, Canada, Brunei, Philippines and Hong Kong. It provides wholesale and retail telecommunications services and long distance services to telecommunication companies, as well as to corporate and individual subscribers. The company also provides support services to telecommunication companies, as well as offers prepaid calling cards. In addition, it operates a telecommunications call center. The company is headquartered in Kuala Lumpur, Malaysia.

MAG had completed their purchase of XW Aquaculture Sdn Bhd on 12 December 2019 which starts their foray on diversification into Prawn Aquaculture.

Wakuba farm at Kampung Wakuba, Tawau Sabah – 102 shrimp ponds at 97.90 hectares site. Own and operate by XW Aquaculture Sdn Bhd, a wholly owned subsidiary of MAG Holdings Berhad. Kampung Wakuba is well known for its pristine waters ideal for producing outstanding quality shrimps. We culture mainly Vannamei shrimps in a non-pesticidal cured marine ponds as our fresh shrimp product.

Sectors: Consumer Products, Penny Stocks, Telco, Consumer Products & Services, Food & Beverages, Newly Classified Shariah-Compliant Securities

 

Market Capitalization : RM 147 million

Shares Float : 682 million

NTA : 0.75 (Currently trading at 71% discount to NTA

Website :  https://magholdings.com.my/

 

prawn-aquaculture-03

 

 

Related Links:

Excerpt From RHB RESEARCH – 24 Nov 2020

MAG Holdings broke above the MYR0.215 resistance on improved volume profile, likely marking an end to its narrow sideway trading pattern. Additionally, the 21-day SMA line is also showing initial signs of curving upward. A positive bias may appear above MYR0.215 with resistance levels eyed at MYR0.25 and MYR0.28. This thesis would be negated if the MYR0.215 level fails to hold.

Source: RHB Securities Research - 24 Nov 2020

 

https://klse.i3investor.com/blogs/rhbresearch/2020-11-24-story-h1536586787-Trading_Stocks_MAG_Holdings.jsp

1. IMPROVING QUARTER RESULTS  TRENDS AFTER diversification into Prawn Aquaculture

MAG  has announced on Friday, 27 November 2020 An impressive increased of 188.6% in PAT  YoY  & 228.56% QoQ.

 

 

 

 

 

 

CONCLUSION

Considering all the above, I gather that current price for MAG & MAG-WB is attractive due to:

i) Improving QR prospects AFTER diversification into Prawn Aquaculture ;  food stocks should recover strongly from the pandemic COVID19 going forward

ii) MAG share price is currently trading at discount of 71% to its NTA OF 0.75.

iii) MAG closed last Friday at 0.215 whilst MAG-WB closed at 0.055.

iii) Gann Support (EP/CL): 0.21/0.19 | Resistance (TP): 0.23/0.25 ( from i-SAHAM)

 

LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THIS WEEK FORBEARING ANY GOOD CORPORATE NEWS.

 

Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.

BURSAMASTER

 

 

Labels: MAG, MAG-WB
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yiqqre Post removed. Why?
29/11/2020 12:36 PM
tnang Anything Bursa Master recommend will sent you to holland. similar to HBGLOB, becareful
30/11/2020 3:51 PM
cchleong Other income of RM3.24 million in 9M2020 came largely from the fair value adjustment on loan to an associate, HXOF, amounting to RM2.98 million.

The 9M2020 results saw an unrealised foreign exchange gain of RM2.76 million, attributed largely to
inter-company balances' exchange rate fluctuations which was a non-cash item.

Please look at the details of the profit. It was not from the prawn business~
30/11/2020 9:22 PM

AN UNDERVALUED GEM, TRADING AT 48% DISCOUNT TO NTA !!!

Author: BURSAMASTER   |  Publish date: Sun, 29 Nov 2020, 8:43 AM


AN UNDERVALUED GEM, TRADING AT 48% DISCOUNT TO NTA !!!

DPS RESOURCES BERHAD  (DPS - Stock Code 7198).

BASIC INFORMATION ABOUT DPS

DPS is primarily engaged in the activity of manufacturing and trading of furniture. The group manufactures and trades home furniture, roof trusses, provision of saw milling, kiln-drying and wood treatment services.

Manufacturing and trading segment contributes major portion  to the revenue of the company. The group’s operations are carried out in Malaysia, and internationally, of which majority of the revenue is derived from Malaysia.

It is also involved in the business of timber and fruit and crop plantations. It operates in Malaysia, Europe, the United States, Asia Pacific, the Middle East, and Africa.

Market Capitalization : RM 68 million

Shares Float : 587 million

PE : Only 4.71

NTA : 0.22 (Currently trading at 48% discount to NTA), NTA QoQ increased by 10%

EPS : 2.44 cents

Website : http://shantawood.com.my/about-us/

 

Gann Support (EP/CL): 0.11/0.09 | Resistance : 0.13/0.15

Related Links:

  1.   24 NOV: Eksport kayu utama dan produk kayu tempatan mencatatkan perubahan positif selepas Amerika Syarikat (AS) meningkatkan jumlah pembelian sebanyak 53 peratus berjumlah RM5.1 bilion bagi tempoh Januari hingga September lalu.

Menteri Perusahaan, Perladangan dan Komoditi, Datuk Dr Mohd Khairuddin Aman Razali berkata walaupun perang perdagangan antara Amerika Syarikat dan China namun ia memberi kesan dengan peningkatan permintaan daripada AS terhadap produk perabot negara.

http://www.pnbbcportal.com/2020/11/24/as-beli-produk-kayu-malaysia-rm5-1-bilion/

 

  1.     Wooden Furniture Market size valued at USD 420.8 billion in 2019 and is projected to grow at a steady CAGR of 5.7% from 2020 to 2026. Expanding infrastructural development coupled with supportive funding for housing projects by the government sector is likely to create potential market growth opportunities. Rapid growth of population in conjunction with urbanization is positively influencing the adoption of wooden furniture. Easy availability of low-cost wooden furniture on account of intense competition is propelling the demand.

Rapid economic growth, increasing disposable income, and easier availability of land at lower cost will create ample opportunities for the wooden furniture market growth. Furthermore, improving living standards and economic conditions are prominently augmenting the demand for wooden furniture. Advanced interior designs for modern residential buildings along with availability of economical labor in emerging nations is bolstering the industry growth.

https://www.gminsights.com/industry-analysis/wooden-furniture-market#:~:text=Wooden%20Furniture%20Market%20size%20valued,create%20potential%20market%20growth%20opportunities.

 

Furniture Market revenue to cross USD 750 billion by 2026: Global Market Insights, Inc.

The furniture market demand from commercial application is projected to grow at 5.8% growth rate during 2020 to 2026 owing to the growing demand for furniture, especially in office establishments along with rapid urbanization & globalization across the world.

https://www.globenewswire.com/news-release/2020/10/14/2108197/0/en/Furniture-Market-revenue-to-cross-USD-750-billion-by-2026-Global-Market-Insights-Inc.html

 

 

1. IMPROVING QUARTER RESULTS  TRENDS

DPS has announced on Friday, 27 November 2020 a whooping  624.1% increased in PAT YoY  & 495.78% QoQ.

Revenue QoQ increased by 46.24% whilst YoY increased by 58.69

With the strong future demand growth of the furniture industry going forward particularly wooden furnitures , I anticipate DPS should be in a  stronger footing.This would be a positive boost for investor confidence in company business.