We expect Elsoft to see muted earnings in FY20 mainly due to disruptions to its operations during the MCO in Malaysia and lockdowns abroad. That said, we expect the group to deliver improved earnings in 2HFY20, driven by the order backlog from 1HFY20. Notwithstanding, we remain sanguine on the group’s prospects underpinned by continued research and development in its core areas, namely automotive and smart devices. Its upcoming series of ATE include automotive headlamp tester catered to multibeam headlamps and smart devices LED flash tester designed for the next evolution of smartphone flash module. In all, we maintain our Buy recommendation on Elsoft with an upgrade TP of RM0.85 based on a PE multiple of 17.0x against CY21 EPS. Key include: i) more orders from ev cars and smart phone company, ii) multinational company, and iii) evolution of new products acceptance by new customers. with this all in setup, we expected elsoft return from black in 1H2021. 02/12/2020 12:38 AM - ark investment
Good morning guys.Elsoft is a good fundamental stock.Need to have holding power.Elsoft is not a goreng stock.I been holding this stock for 2 yrs.Some of my shares i keep it for long term.Some i bought below RM 0.8 & sell of when it reach RM 1..Or profit 10 % will sell.Earn some pocket money in this counter if not mistaken 5 times.If recession happen i will park some on this stock to earn some div.
Analysts from Osk , Kenanga , Ta predicted Elsoft earnings are expected to grow significantly over the next 3 years.
Dec 2021 forecast earning RM 27 million .Revenue expected RM 54 million.
0 Debts.Cash & short terms investment RM 64.6 million.
Div around 3.50 % & above.
The simply wall app below can help to identify good fundamental stock.
Accordong to their quarterly reports for the past year, they have been unable to sell their products due to lockdowns. Now rumours say Malaysia considering stricter MCO, so better be wary.
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amateurJR
2,366 posts
Posted by amateurJR > 2020-12-23 14:30 | Report Abuse
Last time very kuat but this few yrs profit trend is declining