According to 2018 report, invested capex 3.4million on new machineries, including advanced fiber laser cutting machine and CNC press brake machine The 2018 report noted increased revenue contributed by the metal stamping division, due to higher sales from TV back chassis and agricultural components customers. The PCB assembly division is currently making losses due to foreign exchange losses and provision of impairment losses in invested subsidiary
finally sum light, hope they keep it up for few qtrs in a row for market to play catch up to their nta value, or owners will continue to depress it and take it private eventually, and it will be another sad story of assets taken private cheaply through holdings of major owners and their clout over the shares future.
BSL Corp Bhd is a Malaysia-based investment holding company. Its segments constitute Investment holding, Stamping and manufacturing of precision metal parts and fabrication of tools and dies; Printed circuit board (PCB) assembly and assembly of all types of electronics and electrical components, devices and systems; Fabrication and forging of base metal components, and Others. The company's products include Fan, Television, Door Hinge, Automotive, Air Conditioning Unit, Mechanism Assembly, Audio, Silk Screen and Plastic Moulding.
Their in-house facilities for PCB Assembly covers Auto-Insertion machines (AV, RH, JV and SMT) and Manual Insertion lines. We have close to 20 units AV, RH and JV type of machines, 8 SMT lines and 8 manual insertion lines. Our operation is fully air-conditioned and with anti-static flooring.
What does it mean to them?
As we know now most of the people are working from home and the sales for electronic devices such as computer has shot up therefore the need of Printed Circuit Board (PCB) has to meet the demand of the rise of the sales in computers.
We are now in the middle of a Pandemic and the rise of online shops has gone up since more people are starting to go online to purchase their stuffs.
As this will increase the need of logistic and warehouse as the sellers has to keep their things in the warehouse which means Logistic & warehousing could see a rise in demand.
Many logistic players like GDEX, POS, NATWIDE and others their share price has shot up quite heavily in the past 2 weeks whereas BSLCORP is still lagging behind this sector which means BSLCORP has high chance of moving up.
With the recent US Presidential Election, Joe Bidden has won and it means that renewable energy players could see a boost as renewable energy is part of his presidential agenda.
Covid-19 now has seen the usage of green energy increased which means in the long run solar players like BSLCORP could see a demand in their products
WIth the recent news from Budget 2021 some of the mega projects like MRT3, HSR and Pan Borneo Highway were given the green light to carry on with the project. Steel players could benefit from this mega projects because the demand for steel could increase.
BSLCORP posted a strong Q4FY20 which had a revenue of RM 43.151 million and net profit of RM 2.433 million. This was an increased of 315% YOY and 206% QOQ in terms of profit.
They have a high NTA of RM 1.11
BSLCORP’s Cash flow from operation nearly doubled from RM 5.713 million to RM 10.341 million. This indicates that BSLCORP has a strong business coming from their operations which means it could translate to better earnings in the future.
Bsl is a gem possibility . So high nta over rm1.10 . Semiconductor servicing . And printed circuit board . Right industry !!! Anything below 50 sen is good. Let’s hope it can fly to at least 80 sen . Believe this co future is good . On top of that their renewable energy segment has started to contribute . I believe this segment will be contributing more and more n in line w coming recovery of economy this gem could possibly be a double bagger. Fingers crossed .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Red_Hong_Bao
513 posts
Posted by Red_Hong_Bao > 2017-11-10 08:41 | Report Abuse
I buy when down