KLSE: KOBAY (6971)       KOBAY TECHNOLOGY BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.30   -0.10 (7.14%)  1.30 - 1.30  1,300
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Market Cap: 133 Million
NOSH: 102 Million
Avg Volume (4 weeks):114,370
4 Weeks Range:1.23 - 1.89
4 Weeks Price Volatility (%):
52 Weeks Range:1.23 - 2.04
52 Weeks Price Volatility (%):
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2019 [#2]  |  26-Feb-2020
Next QR | Est. Ann. Date: 31-Mar-2020  |  17-May-2020
T4Q P/E | EY: 6.40  |  15.63%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.85  |  0.70
T4Q NP Margin | ROE: 11.06%  |  10.98%


Date Subject
05-Mar-2020 (Icon) Kobay Technology - Growing From Strength To Strength

Business Background

Kobay Technology Bhd is an investment holding company. Through its subsidiaries, it engages in manufacturing of precision metal components. The operating segments of the company are Precision metal components which include manufacture of precision machined components, precision stamping, sheet metal parts and surface treatment, Precision tooling and equipment which includes manufacture of precision moulds, tooling and dies, and other related parts, Metal fabrication which includes manufacture of metal works and structures, modules and parts, and Property development which relates to the property development activities. The company operates in Malaysia, Singapore, USA, and other foreign countries. It derives the majority of the revenue from the Precision metal components segment.
Analyze this stock with MQ Trader system

  2 people like this.
tecpower China has delivered a written response to US demands for wide-ranging trade reforms in a move that could trigger negotiations to bring an end to a withering trade war between the world's top economies. .

Hong Kong Stocks gain on China-U.S. trade hopes, Tencent upbeat earnings
15/11/2018 9:23 PM
jason007 still bright
20/02/2019 11:41 AM
cefiro22 All so quiet here...no postings/news....but quietly inching up.
18/06/2019 12:21 PM
Rachel Lee Lingwooi Volume very less
20/06/2019 11:57 AM
King7 next quarter will be good.
11/07/2019 12:29 PM
Rachel Lee Lingwooi Pray for a Better result in next quarter.
11/07/2019 3:28 PM
King7 No need . Penang TMP already benefit to kobay . Do your research.
15/07/2019 12:44 PM
Icon8888 60% return since I made buy call
19/08/2019 4:11 PM
Icon8888 ichiban result
23/08/2019 5:34 PM
Armada An Quantum Leap Stock In 2019/2020 爱康8888 兄
的 强劲黑马股
23/08/2019 10:36 PM
King7 aerospace technology in Budget 2020. Next Malaysia agenda in Malaysia Baru (technology)
20/09/2019 10:34 AM
Rachel Lee Lingwooi Fly up today
04/12/2019 4:06 PM
Icon8888 Latest Q precision engineering business profit grew by quite a lot

If not because of one off property development losses caused by modification of development plan, overall profit will be very strong
04/12/2019 4:16 PM
Moderate You're right!
04/12/2019 5:25 PM
Icon8888 RM2 soon
05/12/2019 9:56 AM
Rachel Lee Lingwooi Yes finally move up soon to RM2
12/12/2019 2:58 PM
Endgame Collect more
12/12/2019 10:52 PM
blackchicken https://au.news.yahoo.com/china-buy-more-us-cars-planes-energy-053651501--spt.html
China to raise U.S. car, aircraft, energy purchases in trade deal--source
15/01/2020 7:38 AM
blackchicken https://www.flightglobal.com/us-china-trade-pact-likely-a-boon-for-boeing/136166.article
16/01/2020 3:11 PM
Icon8888 stirring ...
29/01/2020 2:58 PM
value88 Finally managed to buy some today. I have queue to buy for many days and today is the day I become the shareholder of Kobay.
Its aerospace, O&G segments have been doing well in 2019 and will continue to do well in 2020. Its semiconductor segment didn't do well in 2019 but will do well in 2020 due to recovery of semiconductor industry.
With all the 3 manufacturing segments having growth prospect, Kobay is almost certain to perform better YoY in 2020.

As for its property segment, the contribution % is much less than manufacturing segment, so if it does not make loss in 2020 is good enough for me.
31/01/2020 6:01 PM
value88 I just noticed the total volume of 4.8k shares transacted today are all acquired by me.
It's like Kobay open for trading today is solely for my sake, haha.
Anyway, I have accumulated almost enough. Wait and hope for better quarterly result b4 end Feb.
07/02/2020 5:11 PM
value88 It is reasonable to compare Kobay with FoundPac and UWC because they belong to the same industry, i.e. precision components, tooling and metal fabrication.
Both FoundPac and UWC are selling at 30x-40x PE multiple now, and Kobay is a much cheaper option as it is selling at merely 10x PE multiple.

The question is will market give Kobay higher PE multiple, just like they gave to UWC and FoundPac ? If market does recognise Kobay is a much cheaper option for precision parts industry one day, Kobay's stock price will surge.
08/02/2020 10:03 AM
value88 But of course the condition is Kobay must show growth in its revenue and earnings just like UWC and FoundPac did. I believe Kobay can achieve that in FY2020 riding on the recovery of semiconductor industry.
08/02/2020 10:05 AM
blackchicken https://www.nst.com.my/news/nation/2020/02/564524/japan-offers-malaysia-new-frontier-space-exploration

TOKYO: Japan is ready to take Malaysia to a new frontier in space exploration and technology, via collaborative initiatives.

Japan Aerospace Exploration Agency (JAXA) international relations and research department director Yoshikazu Shoji said Malaysia already has a head start by having its first astronaut flown to the International Space Station (ISS); its involvement in the Malaysia East Asia Satellite (Measat) and micro-satellite programme; and aviation and aerospace industries.

"With Malaysia's experience in these sectors and the decades-old strong bilateral relationship between both countries, I reckon Malaysia can forge ahead in space science and beyond.
12/02/2020 11:26 AM
cefiro22 Kobay with PE just under 10 looks like a good bet at below 1.90
17/02/2020 6:39 PM
Icon8888 Can this be the Super star of 2020 ?
18/02/2020 8:28 AM
Icon8888 Strong earning, right industry (Semicon), Low PE, Low liquidity

Powder keg for Big Bang in share price
18/02/2020 8:30 AM
lls9988 too low liquidity, so hard to buy
20/02/2020 10:35 AM
Icon8888 YES !!!! YES YES YES !!!!!

EPS of 6.8 sen per quarter !!!!!
26/02/2020 5:24 PM
value88 Fantastic earnings. In fact, last quarter would have shown similarly good earnings result if not dragged down by its property segment's one-off loss.
26/02/2020 6:14 PM
value88 I suppose year 2020 will be a better year for Kobay as semiconductor industry will perform better in 2020 than 2019, with the exception in Q1'20 which may be dragged down by Covid-19 epidemic.

Kobay's result is a stream in the desert, after portfolio being beaten down by black swans in past 2 months.
26/02/2020 6:17 PM
Icon8888 Easily 250 in next three months
26/02/2020 6:58 PM
value88 My calculation shows the min fair value is RM2.59 per share, and that is the minimum fair value.
The higher fair value would depend on what PE multiple the market is willing to give to Kobay.

Kobay is in the same industry, i.e. precision component, tooling and metal fabrication, as UWC and FPGroup. If one looks at their PE multiple and compare with Kobay's, u can see how much Kobay can go up in stock price if it can get PE multiple closer to its peers.
26/02/2020 10:28 PM
Icon8888 27 Sen EPS , 20 times PE

Fair value RM5.40
26/02/2020 10:44 PM
Mkfarmer Kobay have lower PE multiple probably because of lower ROE. Almost all profit are coming from manufacturing, but big part of equities are for the property development. If exclude property development section, the ROE is actuary quite high. For me, the assets in property development form a layer of safety for Kobay, but some investors view it otherwise.
27/02/2020 12:27 AM
Icon8888 You lack independent thinking and self confidence

You are assuming market is correct all the time

You are assuming that market is consciously pricing kobay at such Low level

Market misprices kobay, and you try to justify for it as though market is right

The correct thing to do is to lead the market by promoting and explaining to the unawared investors

When kobay goes to RM3.00, your “Low ROE hence deserves Low valuation” theory will look silly and lack of self confidence and vision
27/02/2020 7:24 AM
Icon8888 Kobay can become RM4 within two years
27/02/2020 7:33 AM
Mkfarmer Promoting a stock can only push up the price temporarily. Investors are smarter than you. May be you want to sell it now?

Another reason for the low PE is because of low dividend. 3 cents only out of 18 cents profit. Really kiam siap.
27/02/2020 9:25 AM
Icon8888 Selling ?

Just bought some this morning
27/02/2020 4:28 PM
cefiro22 ...dont understand ..it opened at 2.00 , then q at 1.86 x 8lots n thown to me at 15.09...why?
27/02/2020 4:58 PM
Icon8888 This stock is in iCapital portfolio

Study his annual report
27/02/2020 5:30 PM
no buy no feel market is bad , no gut to enter , will buy this someday
27/02/2020 5:38 PM
Icon8888 Busy collecting at 2
28/02/2020 9:23 AM
Mkfarmer Icon, if share price reached RM3.00, it will not disprove "Low ROE hence deserves Low valuation", because the latest quarter's ROE is quite high, 3.67%. If you want to argue, please argue with logic.
28/02/2020 8:50 PM
Icon8888 One day you say Kobay Low ROE one day you say not Low ROE

Which is which ?


Mkfarmer Kobay have lower PE multiple probably because of lower ROE. Almost all profit are coming from manufacturing, but big part of equities are for the property development. If exclude property development section, the ROE is actuary quite high. For me, the assets in property development form a layer of safety for Kobay, but some investors view it otherwise.
27/02/2020 12:27 AM
28/02/2020 8:56 PM
Mkfarmer I commented about the relationship between PE and ROE. When I made that comment, latest quarter's ROE just coming out, market has not yet respond to that ROE, there is no related PE to that ROE. So when I said "lower PE multiple probably because of lower ROE", of course I mean the past ROE and PE. I thought this is very obvious?
28/02/2020 9:54 PM
29/02/2020 3:39 PM
Icon8888 https://klse.i3investor.com/blogs/icon8888/2020-03-05-story-h1484718675-_Icon_Kobay_Technology_Growing_From_Strength_To_Strength.jsp
05/03/2020 2:47 PM
Nepo This time Kobay cannot escape from this round depression..
13/03/2020 6:21 AM

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