(Healthy
balance sheet with stable gearing and high PEG/growth ratio)
Weida,
founded in 1983 is based in Kuching, Malaysia. Weida has remained the
undisputed market leader in Malaysia, with dominant position in east Malaysia.
Berries of entry into this industry is high especially in east Malaysia like
Sarawak.
NTA:
3.06 PE: 9.85 capital: 226 million
Weida
thrives and excels through its 4 core competencies:
1.
Manufacturing
of polyethylene- based building materials.
2.
Environment
engineering services.
3.
Construction
of telecommunication infrastructure ( telcom tower); environment ( waste water
management ; stone water management…)
4.
Property
development.
Points:
1.
Raising
revenue since 1998- 2014, 2001 revenue:
Rm51,368,247 increased 549% to 2015 Rm333,841,242.
2.
Profitable
every years since 1998; 2001 net profit after tax Rm8,534,878 increased to
Rm29,166,411.
3.
FY
2016, if earning could achieve 25mil to 30mil, estimated FY16 PE is around 7.5
4.
Net
asset value: RM3.06 vs Market price Rm1.790 now. Trading with huge undervalue.
5.
Weida
has many sales already and going to book closing, and its will contribute many
figures into next two quarterly Profit.
6.
stable
gearing, with net equity /net liabilities around 1.67 times.
Thanks for sharing your view, I have been following your blog since TOMYPAK's post..everything run smoothly as predicted :)
ReplyDeleteYou are welcome Niezam and thanks for follow.
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