Highlights
KLSE: SOLID (5242)       SOLID AUTOMOTIVE BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.275   -0.015 (5.17%)  0.265 - 0.30  5,058,200
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Overview

Market Cap: 109 Million
NOSH: 395 Million
Avg Volume (4 weeks):4,073,045
4 Weeks Range:0.245 - 0.365
4 Weeks Price Volatility (%):
25.00%
52 Weeks Range:0.20 - 0.375
52 Weeks Price Volatility (%):
42.86%
Average Price Target: 2.00
Price Target Upside/Downside: +1.725

Financial Highlight

Latest Quarter | Ann. Date 31-Oct-2019 [#2]  |  30-Dec-2019
Next QR | Est. Ann. Date: 31-Jan-2020  |  21-Mar-2020
T4Q P/E | EY: 60.78  |  1.65%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.357  |  0.77
T4Q NP Margin | ROE: 0.97%  |  1.27%

Headlines

Date Subject
31-Oct-2019 [转贴] AGM游记(2019) —— SOLID - Easy Wong
14-Oct-2019 业绩大跃进 母股暴涨 岩石汽车WA折价扩大/温世麟硕士
29-Sep-2019 This Company's Earnings Improved 2 Quarters in a Row !!! Solid Future Ahead ~

Business Background

Solid Automotive Bhd is engaged in the business of investment holding and the provision of management services. The company operates through three segments. Its Automotive electrical parts segments are involved in the trading and distribution of automotive electrical parts and components. The Automotive engine and mechanical parts segment consist of trading and distribution of automotive engine and mechanical parts and components. The Other segment comprises of property and investment holding and provision of management services. The company has its operations in Malaysia, Middle East, and African countries.
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  6 people like this.
 
Legend smile
18/02/2020 2:51 PM
Valgrovest The warrants are now in discount at current price of 7 sen. Conversion price is 21 sen and mother share is at 29.5sen. Soon people will realise this loophole and sapu all the warrants.
18/02/2020 2:56 PM
Valgrovest Can see them eating up the warrants at 7 sen in big chunk now....!
18/02/2020 2:58 PM
Legend Take profit first
18/02/2020 3:08 PM
shareall Wait
18/02/2020 3:10 PM
Valgrovest Too early to take profit on a rising star.
18/02/2020 3:12 PM
Valgrovest I think warrant price can go higher. Theoretically it should be 8 sen or higher if mother share is 29 sen or 29.5 sen.
18/02/2020 3:14 PM
tinkosong any good news..
18/02/2020 4:30 PM
Valgrovest Major shareholder kept accumulating lately. Qtr results expected to be better due to stronger Ringgit (bulk of their electrical components and parts are imported in foreign currency). Dividend is expected when they announce the qtrly results next month.
18/02/2020 4:41 PM
sepol broke the accumulation phase with strong volume. national automotive policy 2020 will be announced very soon...
18/02/2020 6:27 PM
sepol i belives, it will be a continuation of 2014's policy with additional improvement to cater for new technologies and market demands. the 2014's policy gives good emphasizes on the aftermarket sector
18/02/2020 6:38 PM
Valgrovest Solid is real solid. Excellent performance. I didnt manage to top up more yesterday as the prices ran up too fast. So I decided to listen to Legend to take profit first and buy back later.
19/02/2020 4:22 PM
aris743 waw solid gold
19/02/2020 4:57 PM
Valgrovest Just noticed that there were substantial disposal of the warrants (Solid-WA) by director, Ker Min Choo - 20 mil on 18/2 and 3 mil on 19/2 (today). Could be an indication that the price already toppish. Better take profit and wait for price to pull back then re-enter.
19/02/2020 7:26 PM
tinkosong Tp...0.35 today...
20/02/2020 8:53 AM
Sioksiok19 Be careful. Correction expected. Today is T+2.
20/02/2020 8:54 AM
tinkosong U right...
20/02/2020 9:35 AM
Sioksiok19 Fast run run...it is coming down
20/02/2020 9:37 AM
HazByn dont believe people in i3.some people just want to buy cheap.
20/02/2020 12:51 PM
tinkosong hiyaaa...solid sudah habis power ke...
20/02/2020 3:21 PM
Valgrovest Yalor habis power. After 2 days of running uphill, now need to take a rest.
20/02/2020 4:38 PM
Valgrovest Today volume so so small. Looks like uptrend not sustainable and furthermore there could be force selling this afternoon (yesterday T+2).
21/02/2020 10:39 AM
saburo11 as long as no heavy volume out during force selling,uptrend will continue..patience is the key to maximize our profit..ride to the max..
21/02/2020 11:55 AM
HazByn KUALA LUMPUR (Feb 21): The National Automotive Policy 2020, which was launched by Prime Minister Tun Dr Mahathir Mohamad today, outlines three directional thrusts to spur the development of the automotive industry.

The first direction is the development of technology and engineering, whereby critical components and systems for Next Generation Vehicles (NxGV), Mobility-as-a-Service (MaaS) and Industrial Revolution 4.0, including systems and components within automated, autonomous and connected vehicles (AACV), IR4.0 technologies, light weight material technology as well as hybrid, electric and fuel cell vehicles will be developed.

Secondly, the policy will also maintain the practice of customised incentives mechanism introduced in the previous NAP launched in 2014, based on cost benefit analysis of specific business proposals by investors.

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Thirdly, the policy also includes measures to increase export development, not only for vehicles and components, but also for the after-market and services sector.
21/02/2020 12:03 PM
sepol nap 2020 is a booster for solid
21/02/2020 1:06 PM
Valgrovest I think the new NAP is neutral on Solid.
21/02/2020 1:56 PM
HazByn still in uptrend and don’t sell until it come down..
21/02/2020 5:07 PM
Valgrovest Latest news - one of their Executive Directors resigned. Oop what a surprise and I bought some more just now. Hope it is nothing negative.
21/02/2020 6:21 PM
Valgrovest If got profit, better to take profit first and stay on the sideline given the latest political developments/uncertainties. Especially so for the Solid-Warrants (you can see huge selling in the queue). Good luck.
24/02/2020 10:36 AM
Valgrovest Major shareholder and director (Ker Min Choo) disposed huge amount (39.5 mil) of warrants last Friday - see below.

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
SOLID AUTOMOTIVE BERHAD

Particulars of substantial Securities Holder
Name MR KER MIN CHOO
Nationality/Country of incorporation Malaysia
Descriptions (Class) WARRANTS
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 21 Feb 2020

39,500,000
24/02/2020 11:05 AM
tinkosong Solid still strong....Tp 0.35..
24/02/2020 5:20 PM
Valgrovest Run first. I am out already. Thank you, Solid and the Kers brothers.
25/02/2020 7:34 AM
HazByn ok bye valgo...the party just started..
25/02/2020 9:39 AM
Valgrovest Solid coming back strongly. I bought some warrants as they are now in discount of 3 sen.
27/02/2020 5:00 PM
Valgrovest Low oil prices beneficial to automotive and transport industries.
28/02/2020 9:35 AM
Valgrovest Interesting info (intended dealings by director/shareholder during closed period) - see below :

SOLID AUTOMOTIVE BERHAD

Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
Description INTENTION TO DEAL DURING CLOSED PERIOD BY THE COMPANY DIRECTOR, MR KER MENG OI
Pursuant to Paragraph 14.08(b) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Solid Automotive Berhad ("Solid") wishes to announce that Mr Ker Meng Oi, a Director of Solid intends to deal in securities of Solid during the closed period prior to the release of the Third Quarter Results for the financial year ending 30 April 2020.
28/02/2020 8:39 PM
tinkosong TP. 0.35....done...tq solid.
03/03/2020 12:14 PM
Valgrovest Solid gold. Current Warrant price of 11 sen at discount of 3 sen. Buy warrants.
03/03/2020 12:30 PM
Valgrovest Uptrending. Go Go Solid Gold !
05/03/2020 6:47 PM
Jason Wong 儿子现价低于价值是好事还是坏事?一般都是现价高于价值的哦!
05/03/2020 8:43 PM
Valgrovest Son (warrant) below value i.e. at a discount is definitely good. Just buy and convert to mother (by paying the premium of 21 sen), you already untung 3.5 sen when u sell the mother. 11+21=32 vs 35.5 sen. Just the hassle to buy a band draft (for the premium) and send to the registrar which I am lazy to do it.
06/03/2020 11:04 AM
Jason Wong 转换过程需要10天时间,在这期间妈妈跌下来,一样要输钱!免费午餐不是那么简单的。
06/03/2020 3:35 PM
prince4 Covid-19 and politician unstable make economy slown down fundamental company metamorphism ,expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold .
market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom.
This is a opportunity markets money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..
06/03/2020 4:43 PM
张晋荣 tonight dpi will turn green with huge jump, buy anything today when big drop, then tomorrow can take profit... cheers!
30/03/2020 7:47 AM
Valgrovest Solid looks strong today despite the drop in Bursa index. I guess it must be the good qtrly results expected today or tomorrow.
30/03/2020 3:24 PM
Valgrovest Mother price at 29.5 sen. Technically, warrant price should be 8.5 sen or higher. People overlooked the warrant price, now at 6.5 sen. Good opportunity to buy more and make some profit.
31/03/2020 3:29 PM
OckBoy solid results no out yet ah??????
31/03/2020 7:32 PM
张晋荣 No out and late means gg edi...
31/03/2020 7:43 PM
Valgrovest Touched 30 sen this morning with huge volume. Up Up Solid !!
01/04/2020 12:11 PM
Wáì Çhüñ Dropped to 0.275 closing today. Negative sign ?
01/04/2020 5:33 PM


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