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Author: smartinvestor88   |   Latest post: Tue, 11 Aug 2020, 11:59 PM

 

EDGENTA (1368) – PRIVATISE BY KNB???

Author:   |    Publish date:


The Covid-19 has provided opportunity for healthcare related companies – gloves and glove related, face masks, PPE, hospital beds and respirators and among others which the share price have been double fold or more.

 

However, Edgenta – being the HEALTHCARE Service Provider (which healthcare support contribute almost 50% of the total revenue) the share price yet to move. The share currently trading at RM2.12, a 12.8% higher than the lowest price of RM1.88 (52 weeks highest of RM3.52 on Sep 2019 and lowest of RM1.88 on Mar 2020). As compared to other healthcare companies like Pharma, Dpharma, YSPSAH, Kotra and among others – which the share prices have been double from their 52 weeks lowest.

 

NTA: RM1.83

PE: 11

EPS:19.27 cents

Divident Yield: 6.4%

 

Edgenta has registered a compounded annual growth rate (“CAGR”) of 13.4% in core revenue from RM1.27 billion in 2014 to RM2.38 billion in 2019, while core PAT has risen at a CAGR of 13.2% from RM101.0 million to RM188.0 million during the same period.

 

The Company has recently awarded a contract worth RM284.02 million to provide hospital support services to the Ministry of Health of Singapore’s restructured hospitals. The Covid-19 in Singapore still recorded 3 digits cases everyday with cumulative of 55k cases YTD. With the high cases of Covid-19 recorded in Singapore, the award will definitely benefit Edgenta.

 

All analysts are positive on the new contracts and upgraded its rating tobuy” with a higher target price.

RHB: RM2.75

HLG: RM2.63

MIDF: RM3.23

 

The order book of the Company currently stood at RM14bil. With the additional of RM284mil contract awared by Ministry of Health of Singapore, it can last the Company for 6 – 7 years based on revenue of RM2.38bil in year 2019.

 

Edgenta is 69.14% owned by UEM Group and UJSB (5.81%), and heavily held by local fund as below. The shares held by small shareholders/investor are less than 7%. That mean the shares can easily push up by the local fund.

 

 

KNB is said looking to PRIVATISE EDGENTA at price of RM3 – RM4 due to underperform share price of the later. Not sure how true the source (Note: please buy at your own risk). Personally I believe this share worth more than RM3 even without the privatisation deal. I have bought this share recently.

 

Disclaimer:

Above sharing is not to asking you to buy, buy or sell depends on your own judgement and due diligence. Please buy at your own risk.

 

 

 

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Labels: EDGENTA

Related Stocks

Chart Stock Name Last Change Volume 
EDGENTA 1.88 -0.01 (0.53%) 112,300 

  Be the first to like this.
 
blood7 loves kavalan solist sourced from someone's uncle in the fising trip?

Kazanah long time already looking to SELL, not privatize.....
https://www.klsescreener.com/v2/news/view/630752/shart-position-what-s-next-for-uem-edgenta

this counter heavily under controlled, no need to try to push lah....

>>>>>>>>>>>
"KNB is said looking to PRIVATISE EDGENTA at price of RM3 – RM4 due to underperform share price of the later. Not sure how true the source (Note: please buy at your own risk)."
>>>>>>>>>>>
10/08/2020 1:06 AM
greedy44444 wow this naive big shark thought big funds will stay sidelines watching the price move up in one direction, big funds will grab any opportunity to sell if the price moves too fast...keep your dream alive (privatise edgenta ? what a beautiful headline to cheat small fish again)
10/08/2020 8:10 AM
greedy44444 Retired uncle must be your head of big shark or leader of market manipulator ??
10/08/2020 8:12 AM
greedy44444 Some useless company even with big contract also reported big losses in their qr or only managed to get small profit because of huge expenses incurred during the time of the contract.
10/08/2020 8:18 AM
Keyman188 Q1 - Net profit dropped by 64%

Q2 - Expected very very red & ugly performance


** Not the right time to bet in

## Very very high possibility soon break below RM 1.80
10/08/2020 8:19 AM
paperplane Post removed. Why?
10/08/2020 8:24 AM
dinghai “We are positive on UEM Edgenta’s ability to clinch more regional healthcare support businesses, while Covid-19’s impact on the group’s near-term profitability has largely been priced in,” he added.
10/08/2020 9:49 PM


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