Menang

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Quarterly rpt on consolidated results for the financial period ended 31/12/2014

http://www.bursamalaysia.com/market/lis ... ts/1886081

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http://www.bursamalaysia.com/market/lis ... ts/1931185

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KUALA LUMPUR (May 21): Menang Corp (M) Bhd ( Financial Dashboard)’s net profit soared 82% to RM20.79 million or 7.78 sen per share for its third quarter ended March 31, 2015, from RM11.39 million or 4.27 sen per share, a year earlier.

This was on the back of a 44% increase in revenue to RM107.78 million, from RM74.54 million in the previous year’s corresponding quarter.

For the nine months, net profit spiked 143% to RM52.11 million, from RM21.46 million in the year before; while revenue climbed 2% to RM208.04 million, from RM203.89 million.

In its filing with Bursa Malaysia, the increase in its revenue for the cumulative period was attributed to the ongoing Private Finance Initiative (PFI) projects, while the improvement in profit was due to contributions from its property segment.

Based on its financial statements, its property development division contributed to approximately 16% of its revenue, while its concession arrangements contributed to 83% of its topline.

Going forward, the group expects a challenging year ahead, due to the current economic environment.

Menang Corp (fundamental: 1.3; valuation: 2.1) rose four sen or 4.71% to 89 sen, bringing its market capitalisation to RM227.04 million.

Source: The Edge

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Menang is featured in today's The Edge, page 13

http://tefd.theedgemarkets.com/2015/TEP ... hc7eqn.pdf

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Toh May Foook acquired 985,200 shares on November 24, bringing his direct stake to 15.097m shares ( 5.65% )

http://www.bursamalaysia.com/market/lis ... ts/4931845

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2Q results

Revenue: +64%
Profit Before Tax: -55%
Net Asset Per Share: 1.01

http://www.bursamalaysia.com/market/lis ... ts/5002253

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Menang Corp. (Malaysia) Bhd.: Price momentum supported by strong fundamentals

Menang Corp. (Malaysia) Bhd. relative valuation is UNDERVALUED and it has a fundamental analysis score of 63.

Our analysis is based on comparing Menang Corp. (Malaysia) Bhd. with the following peers – EUPE Corp. Bhd., Carnival Group International Holdings Limited, LBS Bina Group Bhd. and Pasdec Holdings Bhd. (6815-MY, 996-HK, 5789-MY and 6912-MY).

Menang Corp. (Malaysia) Bhd. has shown underwhelming performance over the last one year while growing strongly over the last month.

Menang Corp. (Malaysia) Bhd.’s price momentum over the last month, at 11.36% has been better than that over the last year, which was -9.82%.

Also from a peer group perspective, Menang Corp. (Malaysia) Bhd. has performed better, since the peer group performance was 4.61% over the last month.


Company Snapshot

From a peer analysis perspective, relative outperformance last month is up from a median performance last year.

Menang Corp. (Malaysia) Bhd.’s current Price/Book of 0.57 is about median in its peer group.

We classify 1694-MY as Harvesting because of the market’s relatively low growth expectations despite its relatively high returns.
1694-MY‘s relative asset efficiency and net profit margins are both around the median level.

The company’s year-on-year change in revenues and earnings are better than the median among its peer group.

Over the last five years, 1694-MY‘s return on assets has improved from median to better than the median among its peers, suggesting the company has found relative operating advantages.

The company’s relatively high pre-tax margin suggests tight control on operating costs versus peers.

While 1694-MY‘s revenue growth in recent years has been above the peer median, the stock’s P/E ratio is less than the peer median suggesting that the company’s earnings may be peaking and the market expects a decline in its growth expectations.

The company is likely overinvesting in a business with only median returns.

1694-MY seems to be constrained by the current level of debt.

Our analysis rates Menang Corp. (Malaysia) Bhd. as UNDERVALUED relative to its peers.


Share Price Performance

From a peer analysis perspective, relative outperformance last month is up from a median performance last year.

While 1694-MY‘s change in share price of -9.82% for the last 12 months is in line with its peer median, its more recent 30-day share price performance of 11.36% is above the peer median. This suggests the company’s performance has improved more recently relative to peers.

[b]Share Price Performance[/b]

Quadrant label definitions. Hover to know more

Leading, Fading, Lagging, Rising


Relative Valuation

Relative Valuation
Fundamental Score

Menang Corp. (Malaysia) Bhd.’s price of MYR 0.74 is lower than CapitalCube’s implied price of MYR 1.16. CapitalCube believes that at these levels, Menang Corp. (Malaysia) Bhd. is undervalued and has upside potential. Over the last 52 week period, the stock has fluctuated between MYR 0.56 and MYR 0.93.

Valuation & Peer Metrics

A complete list of valuation metrics is available on the company page.


Company Profile

Menang Corp. (Malaysia) Bhd. is an investment holding company, which engages in the letting out of properties and provision of management services.

It operates through the following segments: Property Development, Project Management and Investment Holding, Concession Arrangements, and Others.

The Property Development segment develops residential and commercial properties.

The Project Management and Investment Holding segment involves in investment holding, letting out of properties, and provision of management services.

The Concession Arrangements segment constructs and maintains facilities and infrastructure.

The Others segment focuses on operation of recreational activities, landscaping and turf farming, and licensed money lending.

The company was founded on July 9, 1964 and is headquartered in Kuala Lumpur, Malaysia.

Source: CAPITALCUBE

http://www.capitalcube.com/blog/index.p ... damentals/

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Toh May Fook bought 216,600 shares on April 11, 2016
Total: 18.8m ( 7% )

http://www.bursamalaysia.com/market/lis ... ts/5060361

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Toh May Fook bought 739,000 shares on April 12

Total 19.6m (7.3%)

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Toh May Fook bought 1,665,800 shares on April 13, 2016
Total: 21.2m (7.9%)
http://www.bursamalaysia.com/market/lis ... ts/5062837