*SMART (0306)-ACE market, Industrial products & services- Building materials*
*A locally established manufacturer of decorative paints and protective coatings* Listed on 28 May 2024, Smart Asia Chemical Bhd (SMART-IPO RM0.40) develops, manufactures, distributes, and sells decorative paints, protective coatings, colourants, and related products. It also offers original design manufacturing or ODM services for third-party brands in the paint and coatings industry.
*Potential beneficiary from the construction upcycle*. It is poised to benefit from the expansion of Malaysia’s construction industry (2024-2029 CAGR: 8.6% – according to Mordor Intelligence), driven by the Government’s continuous efforts to roll-out infrastructure projects nationwide. The vibrant construction activities help increase demand for residential, commercial, and industrial properties, as well as supporting infrastructure, which bodes well for SMART by boosting demand for paints and coatings. Moreover, SMART's comprehensive multi-channel distribution network – spanning nine wholesalers, 937 dealers, and 14 authorised distributors across Malaysia and overseas – enables it to effectively expand market coverage and reach a diverse customer base. The deployment of smart colour point-of-sale (POS) tinting machines at 381 retail stores also supports product customisation and efficient inventory management, allowing retailers to mix-and-match colours on demand.
*Technical review*: SMART is trading at consensus 12x FY2025E P/E. Based on hourly chart, the successful breakouts above multipole key MAs and upper BB could spur greater upside towards 0.505-0.535-0.545 zones. Key supports are pegged at 0.43-0.44
The only Paint related stock in Bursa beneficiary from Data Centre Boom
Data Centers recommended type of Paint
Epoxy floor paint It greatly enriches the application of colors in the data center. The main components of epoxy floor paint are epoxy resin and curing agent.
Grandmustah, they do have that range of epoxy coating if you check their website. Not only the potential from data centre but also transport/logistics hub which is growing top with current ongoing/upcoming new projects as well as refurbishments and renovation works. Another godzilla waiting to wake up.
Characteristics of a CB stock -> 1) KLCI goes up, share price goes down 2) KLCI no move, share price also goes down 3) KLCI goes down, share price goes down even further
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: Carlo Rino Group Berhad, a leading fashion retailer of women’s handbags, footwear, and accessories, aims to list on the ACE Market!
MQ Trader 2176 views | 7 d ago
0:17
New IPO: A homegrown air fragrance company, Vanzo Holdings Berhad aims to list on the Ace Market!
MQ Trader 1790 views | 8 d ago
0:17
New IPO: Winstar Capital Berhad, a specialist in the extrusion of aluminium profiles and fabrication of aluminium ladders aims to list on the ACE Market!
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....
BenjaminSS14
84 posts
Posted by BenjaminSS14 > 2024-05-16 10:52 | Report Abuse
Balloting result for SMART ASIA CHEMICAL BHD will be available by 27 May 2024. (reference - https://tiih.com.my/index.php?p=results)