Quarter 3: Invest Group Performance Update

T&C to join Invest Group

1. Understand that all material in the Whatsapp Invest Group 2 or 3 is only opinion sharing.  
2. Members in group have to take their own risk. 
3. Memberships fee is not refundable. 
4. Admin is not take any responsible on member investment decision. 
5. Member have to do their own study & own analysis.
6. Memberships fees RM369.00 per year. 

Some detail on the Invest group
1. stock pick based on fundamental (sometime will use technical stock pick)

2. one year might less than 10 pick. 
4. is not a training class.

5. some counter that need to hold quite longer term.
6. No any other phone number is authorize, other than this admin number 013-2820766 

And REMEMBER, we never personal message / never advertise /  never call any member to offer any type of trading signal & no training class.  ALL member joint us is they have to personally come to contract us. If you received any call/ message is all SCAM!!!

OB HOLDINGS BERHAD

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Open to apply: 27/09/2024 
Close to apply: 15/10/2024
Balloting: 18/10/2024
Listing date: 29/10/2024

Share Capital  
Market cap: RM93.99 mil
Total Shares: 391.627 mil shares
1st day listing tradable shares: 118.7 mil shares

Industry CARG 
Fortified F&B industry size (Malaysia), 2018 – 2023: 6.87%
Dietary supplements industry in Malaysia 2018-2023: 11.57%
Industry competitors comparison (net profit%)
1. OB Holdings Berhad 10.81%
2. Nova Wellness Group Berhad: 32.93% (PE17.76)
3. High Valley Contract Manufacturing (GMP) Sdn Bhd: 18.96%
4. Len Fa Medical Supplies (M) Sdn Bhd: 11.97%
5. Excel Herbal Industries Sdn Bhd: 8.70%
6. Others: losses to 8.51% 

Business (FYE 2024)  
i. Provision of manufacturing services of fortified F&B and dietary supplements to third party brand owners.
ii. Manufacturing, sales and marketing of fortified F&B and dietary supplements under our house brands
Revenue by Segment
i. Provision of manufacturing services: 62.37%
ii. Sales of house brands’ products: 23.86%
iii. Trading of milk powder and other activities: 13.77% 
Revenue by Geo
i. Malaysia: 90.83%
ii. Others: 9.17%

Fundamental  
1.Market: Ace Market
2.Price: RM0.24
3.Forecast P/E: 17.14
4.ROE(Pro forma):  9.3%
5.ROE: 17.0% (FYE2024) , 35.71%(FYE2023), 30.32%(FYE2022), 23.44%(FYE2021)
6.Net asset: 0.15
7.Total debt to current asset: 0.389 (Debt: 20.169mil, Non-Current Asset: 27.153mil, Current asset: 51.880mil)
8.Dividend policy: didn’t have formal dividend policy.
9. Shariah status: Yes

Past Financial Performance (Revenue, Earning Per shares, PAT%)  
2024 (FYE 31May): RM50.886 mil (Eps: 0.0140), PAT: 10.81%
2023 (FYE 31May): RM46.449 mil (Eps: 0.0244), PAT: 20.61%
2022 (FYE 31May): RM43.558 mil (Eps: 0.0210), PAT: 18.88%
2021 (FYE 31May): RM29.719 mil (Eps: 0.0120),PAT: 15.85%

Major customer (FYE2024) 
1. Der Abakus: 25.49%
2. DND World Sdn Bhd: 5.78%
3. Dutch Dairy (Thailand) Co.Ltd : 5.36%
4. Nxtvsion Sdn Bhd: 4.02%
5. Nature One Dairy (Hong Kong) Limited : 2.71%
***total 43.36%

Major Sharesholders  
1. Teoh Eng Sia: 19.68% (direct), 49.68 (indirect)
2. Wong Chung Theng: 19.68% (direct), 49.68 (indirect)
3. Lee Bao Yu: 0.27% (direct)
4. Goodone: 30% (direct)

Directors & Key Management Remuneration for FYE2025  
(from Revenue & other income 2024)
Total director remuneration: RM0.956 mil
key management remuneration: RM0.6 mil – RM0.9mil
total (max): RM1.856 mil or 8.55%

Use of funds   
1. Repayment of bank borrowings: 14.9 mil, 51.74%
2. Purchase of machines: 5.0 mil, 17.36%
3. Product development expenditure: 0.9mil, 3.12%
4. Marketing and advertisement: 1.0 mil, 3.47%
5. Working capital: 3.0 mil, 10.42%
6. Estimated listing expenses: 4.0 mil, 13.89%

Conclusions (Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision)
Overall is low risk and middle growth business. 

*Valuation is only personal opinion & view. Perception & forecast will change if any new quarter result release. Reader take their own risk & should do own homework to follow up every quarter result to adjust forecast of fundamental value of the company.

NORTHEAST GROUP BERHAD

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Open to apply: 26/09/2024
Close to apply: 03/10/2024
Balloting: 07/10/2024
Listing date: 15/10/2024

Share Capital 
Market cap: RM370 mil
Total Shares: 740 mil shares
1st day listing tradable shares: 226.199 mil shares

Industry CARG   
Industry size of precision engineering (Malaysia), 2020 – 2023: 23.09%
Photonics industry size (Global), 2020 – 2022: 12.26%
E&E industry size (Global), 2020 – 2022: 12.02%
Semiconductor sales (Global), 2020 – 2023: 6.16%
Telecommunications industry (Global) 2020 – 2023: 2.2%
Industry competitors comparison (net profit%)
1. Northeast Group: 19.67%
2. SFP Tech Holdings Berhad: 31.84% (PE39.24)
3. CPE Technology Berhad: 20.85% (PE58.94)
4. Prodelcon Sdn Bhd: 15.77% 
5. Others: -14.39% to 14.38%

Business (FYE 2024)  
Manufacturing of precision engineering components used in the photonics, E&E, semiconductor, telecommunication and optoelectronics industries.
Revenue by segment
1. Photonics: 40.51%
2. E&E : 20.14%
3. Semiconductor: 17.89%
4. Telecommunication: 14.34%
5. Optoelectronics: 7.12%
Revenue by Geo
1. Malaysia: 28.53%
2. USA: 26.98%
3. UK: 21.22%
4. Thailand: 6.48%
5. Others: 16.79%

Fundamental   
1.Market: Ace Market
2.Price: RM0.50
3.Forecast P/E: 19.95
4.ROE(Proforma):  7.96%
5.ROE: 11.96% (FPE2024), 12.86% (FYE2023), 30.12%(FYE2022), 22.26%(FYE2021)
6.Net asset: 0.31
7.Total debt to current asset: 0.18 (Debt: 31.118mil, Non-Current Asset: 93.667mil, Current asset: 170.423mil)
8.Dividend policy: didn’t have formal dividend policy.
9. Shariah status: Yes

Past Financial Performance (Revenue, Earning Per shares, PAT%)  
2024 (FPE 31May): RM62.212 mil (Eps: 0.0167), PAT: 19.87%
2023 (FYE 30Sep): RM93.335 mil (Eps: 0.0248), PAT: 19.67%
2022 (FYE 30Sep): RM144.515 mil (Eps: 0.0514), PAT: 26.34%
2021 (FYE 30Sep): RM113.207 mil (Eps: 0.0268),PAT: 17.5%

Major customer (FYE2024)   
1. Customer A Group of companies: 24.49%
2. Customer B Group of companies: 10.86%
3. Customer F Group of companies: 8.16%
4. Customer E Group of companies: 5.81%
5. Customer G Group of companies: 5.64%
***total 54.96%

Major Sharesholders  
1. Mountain Range: 53.69% (direct)
2. Ng Chay Chin: 4.00% (direct), 53.69% (indirect)
3. Chong Ewe Hean: 3.5% (direct), 53.69% (indirect)
4. Ng Meng Hang: 2.5% (direct)
5. Tang Ah Lek: 3.0% (direct)

Directors & Key Management Remuneration for FYE2024 
(from Revenue & other income 2023)
Total director remuneration: RM3.541 mil
key management remuneration: RM1.10 mil – RM1.25 mil
total (max): RM4.791 mil or 13.51%

Use of funds  
1. Construction of the New Factory: RM40 mil, 47.34%
2. Repayment of bank borrowings: RM20 mil, 23.67%
3. Purchase of new CNC machines: RM12.378 mil, 14.65% 
4. Working capital: RM5.516 mil, 6.53% 
5. Estimated listing expenses: RM6.6 mil, 7.81%

Conclusions (Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision)
Overall is middle to high risk investment, and also come with high grow return opportunities. 

*Valuation is only personal opinion & view. Perception & forecast will change if any new quarter result release. Reader take their own risk & should do own homework to follow up every quarter result to adjust forecast of fundamental value of the company.

KHPT HOLDINGS BERHAD

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***Disclaimer***Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision.

Open to apply: 19 Sep 2024
Close to apply: 25 Sep 2024
Balloting: 27 Sep 2024
Listing date: 08 Oct 2024

Share Capital 
Market cap: RM80.48 mil
Total Shares:  402.386 mil shares

Industry CARG 
TIV of the automotive industry in Malaysia (2017-2023): 5.6%
Manufacturing sales value of metal parts and accessories for motor vehicles, 2017 – 2023: 9.7%
Industry competitors comparison (net profit%)
1. KHPT: 7.57%
2. EP Manufacturing Berhad: 0.08%
3. Y&L Metal Technology Sdn Bhd: 17.97%
4. United Vehicles Industries Sdn Bhd: 6.84%
5. Others: losses to 2.84%

Business (FPE 2024) 
Manufacturing and sale of automotive parts and components, comprising body parts, seat structures and other parts (i.e. engine parts and absorber parts).
Revenue by segment
1. Body parts: 56.54%
2. Seats structures: 40.55%
3. Other parts: 2.91%
4. Dies solution services: -

Fundamental  
1.Market: Ace Market
2.Price: RM0.20
3.Forecast P/E: 17.54 (we use our own calculation for PE)
4.ROE(Pro forma):  8.98%
5.ROE:  16.96%(FYE2023), 31.32%(FYE2022),  0.66%(FYE2021)
6.Net asset: 0.13
7.Total debt to current asset:  0.817 (Debt: 21.613mil, Non-Current Asset: 32.570mil, Current asset: 33.34mil)
8.Dividend policy:  10% of PAT% dividend policy.
9. Shariah status: Yes

Past Financial Performance (Revenue, Earning Per shares, PAT%)  
2024 (FPE 30Jun, 6 mths): RM52.323 mil (Eps: 0.0057), PAT: 4.4%
2023 (FYE 31Dec): RM114.082 mil (Eps: 0.0138), PAT: 4.85% (OPR 3.00%)
2022 (FYE 31Dec): RM116.246 mil (Eps: 0.0219), PAT: 7.57% (OPR 1.75% – 2.75%)
2021 (FYE 31Dec): RM58.965 mil (Eps: 0.0004), PAT: 0.26%  (OPR 1.75%)
***revenue able to rise double from 2021 -2022 is because 2020-2021 OPR is very low, during this period, sales of car is skyrocketed (lower OPR, lower loan installment, will boost the  car sale & boost company sales)
***the next coming reduce interest rate should be within this year end. 

Major customer (FPE2024)  
1. Customer Group A: 36.93%
2. PHN Industry Sdn Bhd: 24.64%
3. Autokeen Sdn Bhd: 17.35%
4. Ingress Technologies Sdn Bhd: 11.16%
5. Sapura Machining Corporation Sdn Bhd: 1.78%
***total 91.86%

Major Sharesholders   
1. Datin Eloise : 55.62% (direct), 3.65% (indirect) 
2. Tiu Kuang Hong: 4.23% (direct)
3. Ivy See: 3.65% (direct), 55.62% (direct)

Directors & Key Management Remuneration for FYE2024  
(from Revenue & other income FYE2023)
Total director remuneration: RM0.871 mil
key management remuneration: RM0.54 mil – RM0.69 mil
total (max): RM1.561 mil or 11%

Use of funds  
1. Purchase of press machines: 11.046 mil, 50.83%
2. Purchase of automation equipment: 4.5 mil, 20.71%
3. Renovation of TPG Factory: 0.452 mil, 2.08%
4. Purchase of one overhead crane: 0.368 mil, 1.7%
5. Working capital: 0.705 mil, 3.24%
6. Estimated listing expenses: 4.658 mil, 21.44%

Conclusions (Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision)
Overall is mid-risk and mid-range of investment. 

*Valuation is only personal opinion & view. Perception & forecast will change if any new quarter result release. Reader take their own risk & should do own homework to follow up every quarter result to adjust forecast of fundamental value of the company.

CREST GROUP BERHAD

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***Disclaimer***Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision.

Open to apply: 18/09/2024  
Close to apply: 25/09/2024
Balloting: 30/09/2024
Listing date: 09/10/2024

Share Capital  
Market cap: RM302.9593 mil 
Total Shares: 865.598 mil shares

Industry CARG 
Imaging, analysis and testing industry size, Malaysia, 2019 – 2023: 8.37%
E&E industry size, Malaysia, 2019 – 2023: 9.0%
Semiconductor industry size, Malaysia, 2019 – 2023: 11.77%
Industry competitors comparison (net profit%)
1. Crest Group: 10.71%
2. CLMO technology Sdn Bhd: 15.99% 
3. MTSC Solution Sdn Bhd: 17.92%
4. QES Group Berhad: 7.96% (PE28.95)
5. Others: 0.73% to 3.64%

Business (FPE 2024) 
Provision of imaging, analytical and test solutions used primarily for quality inspection, sample analysis and R&D. (for industries like semiconductor, E&E, academic, automotive, oil and gas, aviation, life sciences and healthcare.)
Revenue by segment
1. Provision of imaging, analytical and test solutions: 81.06%
2. Provision of after-sales services: 18.94%
Revenue by Geo
1. Malaysia: 51.3%
2. Thailand: 17.4%
3. PRC: 19.3%
4. Singapore: 5.2%
5. Others: 6.8%

Fundamental
1.Market: Ace Market
2.Price: RM0.35
3.Forecast P/E: 16.59
4.ROE(Pro Forma): 19.5% (forecast)
5.ROE:  34.06%(FYE2023),  33.14%(FYE2022), 30.21%(FYE2021), 22.29% (FYE2020)
6.Net asset: 0.11
7.Total debt to current asset:  0.327 (Debt: 45.956mil, Non-Current Asset: 6.677mil, Current asset: 140.713mil)
8.Dividend policy: 30% PAT dividend policy.
9. Shariah status: Yes

Past Financial Performance (Revenue, Earning Per shares, PAT%)  
2024 (FPE, 30Apr, 4mths): RM49.523 mil (Eps: 0.0035), PAT: 5.90%
2023 (FPE 31Dec): RM187.619 mil (Eps: 0.0238), PAT: 10.7%
2022 (FYE 31Dec): RM170.202 mil (Eps: 0.0208), PAT: 10.6%
2021 (FYE 31Dec): RM148.410 mil (Eps: 0.0202),PAT: 11.7%
2020 (FYE 31Dec): RM124.425 mil (Eps: 0.0154),PAT: 10.9%
***Prospectuses book didn’t use enlarged shares after IPO for EPS calculation, hence we apply our own calculation for EPS result).

Major customer (FPE2024)  
1. Customer group E: 9.61%
2. Customer group I: 4.44%
3. Customer group J: 4.11%
4. Chulabhorn Research Institute: 4.09%
5. Thai Tohken Thermo Co Ltd: 3.69%
***total 25.94%

Major Sharesholders  
1. Climan: 55.00% (direct)
2. Lim Siong Wai: 5.98% (direct), 55% (Indirect)
3. Au Chun Mun: 5.65% (direct), 55% (Indirect)
4. Yap Kian Meng: 5.65% (direct), 55% (Indirect)

Directors & Key Management Remuneration for FYE2024
(from Revenue & other income 2023)
Total director remuneration: RM2.914 mil
key management remuneration: RM1.15 mil – RM1.35 mil
total (max): RM4.264 mil or 7.97%

Use of funds  
1. Setup of a new centralised headquarters: 15.762mil, 34.45%
2. Business expansion: 14.517mil, 31.73%
3. Purchase of additional demonstration equipment:  5.868mil, 12.83%
4. Expansion of technical support and maintenance team: 3.6mil, 7.87%
5. Estimated listing expenses: 6mil, 13.12%

Conclusions (Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision)
Overall is middle to high risk investment, and also come with grow opportunities. 

*Valuation is only personal opinion & view. Perception & forecast will change if any new quarter result release. Reader take their own risk & should do own homework to follow up every quarter result to adjust forecast of fundamental value of the company.

SOLAR DISTRICT COOLING GROUP BERHAD

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***Disclaimer***Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision.

Open to apply: 28 Aug 2024
Close to apply: 06 Sep 2024
Balloting: 10 Sep 2024
Listing date: 19 Sep 2024

Share Capital
Market cap: RM161.052 mil
Total Shares: 423.822 mil shares

Industry CARG
Existing supply of purpose-built offices: 0.5%
Existing supply of serviced apartments: 10.0%
Existing supply of hotels: 1.0%

Industry competitors comparison (net profit%)
1. SDCG: 23.8%
2. ADF Technologies S/B: 48.3%
3. Pegasus Automation S/B: 18.5%
4. Solar-mate S/B: 8.7%
5. Others: losses to 4.1%

Business (FPE 2024) 
Involved in the provision and maintenance of BMS, solar thermal systems and energy saving services. We also provide maintenance services for other systems and equipment. 
Revenue by segment
1. BMS: 63.78%
2. Solar thermal systems and energy saving services: 23.88%
3. Maintenance of other systems and equipment: 12.34%
Revenue by Geo
1. Malaysia: 99.82%
2. Others: 0.18%
Recurrent and non-recurrent revenue
1. Non-recurrent:  67.37%
2. Recurrent: 32.63%

Fundamental  
1.Market: Ace Market
2.Price: RM0.38
3.Forecast P/E: 25.38
4.ROE(Pro forma):  6.99%
5.ROE: 20.3%(FPE2024), 32.37%(FYE2023), 33.98%(FYE2022),  25.76%(FYE2021), 13.99%(FYE2020)
6.Net asset: 0.15
7.Total debt to current asset:  0.04 (Debt: 2.509mil, Non-Current Asset: 4.407mil, Current asset: 60.311mil)
8.Dividend policy: Doesn’t have formal dividend policy.
9. Shariah status: Yes

Past Financial Performance (Revenue, Earning Per shares, PAT%) 
2024 (FPE 31 May): RM8.948 mil (Eps: 0.0103),PAT: 20.24%
2023 (FYE 31Dec): RM26.622 mil (Eps: 0.0150),PAT: 23.83%
2022 (FYE 31Dec): RM18.648 mil (Eps: 0.0123),PAT: 27.80%
2021 (FYE 31Dec): RM17.594 mil (Eps: 0.0099),PAT: 24.01%
2020 (FYE 31Dec): RM14.709 mil (Eps: 0.0047),PAT: 13.49%

Order Book 
1. FY2024: 16.468mil 
2. FY2025: 6.122 mil
3. FY2026: 0.194 mil

Major customer (FP2024) 
1. One Medicare Sdn Bhd: 18.36%
2. Megatara Sdn Bhd: 11.97%
3. Customer F: 11.41%
4. Evergrow Ventures Sdn Bhd: 8.55%
5. Pembinaan Mitrajaya Sdn Bhd: 7.81%
***total 58.10%

Major Sharesholders 
1. Edison Kong: 64.8% (direct), 7.2% (indirect)
2. Eileen Liuk: 7.20% (direct), 64.80% (indirect)
Directors & Key Management Remuneration for FY2024  
(from Revenue & other income 2023)

Total director remuneration: RM0.93 mil
key management remuneration: RM0.55 mil – RM0.75 mil
total (max): RM1.71 mil or 11.91%

Use of funds 
1. Expand Headquarters: 1.9mil, 4.21%
2. Tender bonds and/or performance bonds for future projects: 5 mil, 11.09%
3. Purchase of materials for BMS segment, and solar thermal systems and energy saving services segment: 18.7mil, 41.47%
4. General working capital: 12.673mil, 28.1%
5. Capital Expenditure: 2.522mil, 5.59%
6. Estimated listing expenses: 4.3mil, 9.54%

Conclusions (Blogger is not wrote any recommendation & suggestion. All is personal opinion and reader should take their own risk in investment decision)
Overall is mid risk and mid-high grow return opportunities in this investment. 

*Valuation is only personal opinion & view. Perception & forecast will change if any new quarter result release. Reader take their own risk & should do own homework to follow up every quarter result to adjust forecast of fundamental value of the company.