Asian stocks tumble on Iran-Israel escalation, rate warningsInvesting.com- Most Asian stocks fell sharply on Friday after reports of Israeli strikes on Iran further ramped up concerns over worsening geopolitical conditions in the Middle East, while persistent warnings on U.S. interest rates also battered sentiment. Steep losses in chipmaking and technology s...
Well, with booming of Batu Kawan n Kulim Hi-Tech, I believe HE can grab at least 1 to 2 new projects in the 1H24 pushing its revenue and profit to history high.
Analyse the reports - look at the percentage profitability. Forget about calls. Do your homework - financial reports are not difficult to understand. If a company makes more this year than last, operating costs lowered, it is not difficult to understand whether a company makes money or is worth purchase. 73% increased in taxed profit cannot be a bad thing. For a newcomer even
KUALA LUMPUR (Jan 30): Phillip Capital has ascribed an 18 times price-earnings multiple on earnings per share estimated for the financial year ending Dec 31, 2024 (FY2024) for HE Group Bhd, and derived a fair value of 52 sen for the stock.
In a note on Tuesday, the research house said HE Group stands to benefit from the rise in foreign direct investment in sectors such as semiconductors, electrical and electronics, data centres, and medical.
The research house does not have a rating for the ACE Market-bound stock.
“We project a three-year earnings compound annual growth rate of 46% over FY2021 to FY2024, driven by its RM212 million order book.
“Our valuation multiple is at about 10% discount to its closest comparable peers listed on Bursa Malaysia, such as MN Holdings Bhd, Critical Holdings Bhd, and Kelington Group Bhd.
“Key risks include a delay in the end-user expansion plan affecting order book replenishment, unforeseen project delivery delays, and higher raw material prices (for copper and aluminium),” the research firm said.
Phillip Capital said HE Group had an outstanding order book value of RM212 million as of December 2023, with about 90% to be recognised in FY2024, potentially doubling the group’s profit for the year.
“We gather that the group is currently tendering for about RM400 million of jobs, which will likely be finalised in the first half of FY2024.
“The management guided that the majority of the tenders (about 80%) are for semiconductor projects, with the remaining 20% are related to data centre projects. Historically, the tender success rate is 15% to 20%,” the research house said.
Read also: Rakuten Trade expects HE Group to post core net earnings of RM14.6m for FY2024 HE Group gains 54% on ACE Market Debut ACE Market-bound HE Group sets IPO price at 28 sen apiece, to raise RM24m ACE Market-bound HE Group inks IPO underwriting pact with Alliance Islamic Bank
Yes, it will break new high. Chart momentum of strong. Using ichimoku, the 9 day MA is already moving to higher highs. Likely to test the 0.56 and if broken, head straight to 0.62. Buyers in market today.
yes trader first rule is survive, I'm glad i survived the US trip and back home malaysia. Got burned alot by china equities but made back my money. Now look see bursa see got new i3 interface not bad.
Google investment news just came out and then HE Group becomes one of the most actively traded stocks today on Bursa... up 5.5 sen now. Hmm, from analyst report.. HE is said to be bidding data centre jobs.. so, can we put 2 and 2 together? 😃 .........
36million shares is only 10% of total owned. It is only 6x the daily traded average. Doubt it has enough propulsion to go above 0.60 again, at least not now.
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Posted by Biggmoney > 2024-04-09 12:08 | Report Abuse
Gonna topup a little at 0.5