Rex Group is involved in manufacturing of canned food, beverage and confectionary products. Rex Canning Co. Sdn Bhd, a wholly owned subsidiary of Rex was founded in 1965 and has since grown into a leading manufacturer, distributor and exporter of halal canned products, frozen food, and beverages in Malaysia. PT Rex Canning Indonesia began commercial operations in August 1992; with principal activities in manufacturing and exporting of canned processed seafood. PT Rex Canning operates under stringent standards set by the Ministry of Marine Affairs and Fisheries of Indonesia. The majority of PT Rex’s canned seafood is exported to the US and EU.
PENSONIC-WB - Waiting for Mother Share Leadership
The share price of Pensonic Holdings Berhad has been on a steady upward path aided by persistent share buyback. There could also be some speculation that the company may be able to report good results in its second quarter of FYE 5/21 which ended 30th November 2020.
In its first quarter, Pensonic posted much better top line and bottom line.
|
SUMMARY OF KEY FINANCIAL INFORMATION |
|
INDIVIDUAL PERIOD |
CUMULATIVE PERIOD |
||||
|
CURRENT YEAR QUARTER |
PRECEDING YEAR |
CURRENT YEAR TO DATE |
PRECEDING YEAR |
||
|
31 Aug 2020 |
31 Aug 2019 |
31 Aug 2020 |
31 Aug 2019 |
||
|
$$'000 |
$$'000 |
$$'000 |
$$'000 |
||
|
1 |
Revenue |
84,669 |
69,298 |
84,669 |
69,298 |
|
2 |
Profit/(loss) before tax |
2,043 |
-1,233 |
2,043 |
-1,233 |
|
3 |
Profit/(loss) for the period |
1,517 |
-1,232 |
1,517 |
-1,232 |
|
4 |
Profit/(loss) attributable to ordinary equity holders of the parent |
1,553 |
-1,147 |
1,553 |
-1,147 |
|
5 |
Basic earnings/(loss) per share (Subunit) |
1.20 |
-0.88 |
1.20 |
-0.88 |
|
6 |
Proposed/Declared dividend per share (Subunit) |
0.00 |
0.00 |
0.00 |
0.00 |
|
AS AT END OF CURRENT QUARTER |
AS AT PRECEDING FINANCIAL YEAR END |
||||
|
7 |
Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.9200 |
0.9100 |
||
PENSONI-WB is trading at a premium of close to 40%, which is not overly high for a warrant with 3 years to go. The warrant is attractive in terms of gearing. If the volume increase for the mother share, it is likely PENSONI-WB can outperform the mother share.
Ritamix Global Leads Malaysian Companies on HKSE
Ritamix Global Limited (01936.HK), a Malaysia-based company involved in the distribution and manufacturing of animal feed additives was successfully listed on the Hong Kong Stock Exchange on 13 May 2020. Ritamix IPO was priced at HKD1.00 per share and the share price has risen to a high of HKD3.30 on 9 June 2020, giving a market capitalization of HKD1.615 billion at the closing price of HKD3.23.
Diversifying Risky Small Cap Portfolio
Small Cap counters in Malaysia are favourite for retail investors. However, we should distinguish between low price stocks and small caps. There are many few sen counters with more than a billion shares. If a company with 2 billion number of shares and its share price is 5 sen, the market cap of the company is RM100 million. In contrast, a company with 100 million shares and share price of 20 sen is only having a market cap of RM20 million.
VELESTO-WA: Attracting Interest As Company Returns to Black
Velesto Energy Berhad attracted some investors’ interest as we enter the month of September after the Group recorded a turnaround in the second quarter of 2019. Velesto has been suffering losses in the last four financial years and this turnaround together with more optimistic outlook provided by the company improved sentiment on the stocks. Despite a surge in intraday trading to as high as 32 sen on 3rd September, Velesto mother share ended the day flat at 30.5 sen while the company warrant VELESTO-WA dropped 0.5 sen to close at 11 sen.
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