MERCURY INDUSTRIES BHD
KLSE (MYR): MERCURY (8192)
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Last Price
0.97
Today's Change
0.00 (0.00%)
Day's Change
0.955 - 0.97
Trading Volume
2,200
Financial
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Total assets
238
-1.64%
1000
+11.55%
110
+81.66%
900
-13.16%
600
+235.36%
Total current assets
238
1000
110
900
600
Cash & equivalents
238
1000
110
900
600
Short term investments
238
1000
110
900
600
Total receivables, net
238
1000
110
900
600
Accounts receivable - trade, net
238
1000
110
900
600
Other receivables
238
1000
110
900
600
Total inventory
238
1000
110
900
600
Inventories - work in progress
238
1000
110
900
600
Inventories - progress payments & other
238
1000
110
900
600
Inventories - finished goods
238
1000
110
900
600
Inventories - raw materials
238
1000
110
900
600
Total non-current assets
238
1000
110
900
600
Long term investments
238
1000
110
900
600
Note receivable - long term
238
1000
110
900
600
Investments in unconsolidated subsidiaries
238
1000
110
900
600
Other investments
238
1000
110
900
600
Net property/plant/equipment
238
1000
110
900
600
Gross property/plant/equipment
238
1000
110
900
600
Accumulated depreciation, total
238
1000
110
900
600
Deferred tax assets
238
1000
110
900
600
Net intangible assets
238
1000
110
900
600
Other current assets, total
238
1000
110
900
600
Total liabilities
238
-1.64%
1000
+11.55%
110
+81.66%
900
-13.16%
600
+235.36%
Total current liabilities
-238
-1000
-110
-900
-600
Total non-current liabilities
-238
-1000
-110
-900
-600
Long term debt
238
1000
110
900
600
Long term debt excl. lease liabilities
238
1000
110
900
600
Capital and operating lease obligations
238
1000
110
900
600
Provision for risks & charge
-238
-1000
-110
-900
-600
Deferred tax liabilities
-238
-1000
-110
-900
-600
Other liabilities, total
-238
-1000
-110
-900
-600
Total equity
-238
-1.64%
-1000
+11.55%
-110
+81.66%
-900
-13.16%
-600
+235.36%
Total liabilities & shareholders' equities
238B
1000B
110B
900B
600B
Total debt
238
1000
110
900
600
Book value per share
-238
-1000
-110
-900
-600
Discussions
2 people like this. Showing 50 of 367 comments
Between FY10 to FY16, Mercury Industries has always been able to deliver a profit of between RM5mil to RM6mil annually backed by the current construction business (under Paramount Bounty) and the now disposed paint manufacturing business (under Silverlight Prospects). In general, both businesses would have contributed an almost similar amount of profit to the Group year on year.
In FY17, the company decided to focus more on its construction business and sold off Silverlight Prospects for a gain of disposal amounting to RM9mil. The decision to focus on construction was mainly due to the high prospects from big government projects. This backfire when the company fails to deliver any meaningful profit growth since the disposal and seems to be stuck in an industry that is now in a declining period (given the government decision to review, delay or cancel most of the big project under the previous administration).
For 9m18 the company had only managed to deliver a profit of RM1.8mil, which is less than half of 9m17 profit of RM3.8mil (excluding profit from discontinue business and gain on disposal). Assuming the company will end FY18 with RM2.5mil profit, at the current share price the company would be valued at 15.2x PE which is a bit high given that the average PE for construction companies are now below 10x.
If you are looking to diversify your portfolio outside of Mercury Industries (due to its weak earnings outlook and relatively high valuation), I would recommend you to look at MBMR.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.
FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.
Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.
Good luck.
2019-02-05 09:02
Small capital....
Construction theme play....
Soon will be running like cheetah.....
2020-12-17 06:01
Yes!
Hooray
Up up up
Today touch 0.95 cents already!!!
Good news coming....
2020-12-17 16:30
dompeilee Bought Mercury. Recommended 2 clients last wk.
16/12/2020 2:44 PM
Go...goooo...GOOOOO! =D
2021-04-07 14:42
1.01 !!! Oh yeah oh yeah OH YEAHHH....luckily I bought some more in Feb @ 83c! =D
2021-04-07 15:46
Wednesday up. Thursday up. Friday up a bit.
For no reason. Share continue to go up until news comes out. Then plunge. This is called sell on news.
Careful. Don't get caught at the top like signature international. Reached 1.17 from 0.40. News comes out at 2:15 pm. 2:30 same day , within 3 minutes plunge 0.17.
2021-04-11 15:12
Signature warrant A drop from 0.165 when signature was 1.17 at its highest to now 0.01.
This means if you invested rm 10,000 in warrants you are left with rm 100 now.
2021-04-11 15:18
dompeilee Tomorrow...LIMIT up
24/06/2021 4:49 PM
Prediction fulfilled....one month late =)
2021-07-29 11:18
Kecoh di parlimen, MP jerit 'derhaka'
Diterbitkan 29 Jul 2021, 2:17 pm
Dikemaskini 2:18 pm
A+
A-
PARLIMEN | Dewan Rakyat menyaksikan gema suara ahli parlimen yang menjeritkan kata "derhaka" selepas kenyataan Istana Negara memaklumkan Yang di-Pertuan Agong Sultan Abdullah Sultan Ahmad Shah bertitah "amat dukacita" dengan pembatalan Ordinan Darurat.
2021-07-29 14:26
Mercury is an interesting stock. Despite consecutive losses, it still managed to maintain the RM1 level
2024-08-01 18:57
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