GOOD PROFIT
M&G 5078 Share Price
RM0.28
klse: Marine & General Berhad
Stock Information
Board : Main
Shariah : Non-Shariah Compliant
Sector : Marine Offshore Support Logistic Services
Address: Level 23, Plaza VADS, No. 1, Jalan Tun Mohd Fuad, Taman Tun Dr Ismail, 60000 Kuala Lumpur
Contact: +603-77356300
Website: https://www.marine-general.com.my/
Stock Background
Marine & General Berhad provides marine transportation support services. The Company offers marine logistics services to the upstream and downstream oil and gas industries.
Profit Analysis: M&G 5078
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 25/06/26 | 66,736 | 3,659 | -6,128 |
| 17/03/26 | 79,609 | 7,897 | 3,642 |
| 16/12/25 | 98,345 | 15,358 | 11,797 |
| 25/09/25 | 99,432 | 23,353 | 16,617 |
| 30/06/25 | 93,813 | 9,406 | 17,612 |
| 26/03/25 | 74,161 | 7,253 | 2,554 |
| 16/12/24 | 93,061 | 18,277 | 12,060 |
| 27/09/24 | 91,192 | 17,477 | 12,995 |
| 21/06/24 | 83,059 | 27,783 | 19,463 |
| 21/03/24 | 88,404 | 18,145 | 13,281 |
| 15/12/23 | 91,829 | 11,994 | 8,221 |
| 29/09/23 | 84,628 | 11,371 | 7,411 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 344 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | 36,048 |
| Last 4 Quarter EPS (sen) | 1.12 |
| Last 4 Quarter PER | 6.3 |
| Last 4 Quarter Dividend (sen) | – |
| Last 4 Quarter Dividend Yield (%) | 0.00 |
| Net Tangible Assets (RM) | 0.23 |
| Goodwill (RM) | 0 |
| Cash (RM’000) | 23,860 |
| Debt (RM’000) | 484,250 |
| Total Debt (RM’000) | 568,230 |
| Net Assets (RM’000) | 185,540 |
| Current Ratio | 1.03 |
| Quick Ratio | 0.95 |
| Cash Ratio | 0.15 |
Technical
Technical Analysis
| MACD (26 vs 12) | -2.683 |
|---|---|
| Exponential Moving Average 5 | 0.277 |
| Exponential Moving Average 20 | 0.271 |
| Exponential Moving Average 90 | 0.267 |
| Relative Strength Index 14 | 0.36 |
| Stochastic %D 3 | 0.47 |
| Stochastic %K 14 | 0.40 |
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Stock Profit Analysis
-
BNASTRA 7195 ★★★★★RM2.14 - PETRONM 3042 ★★★★★RM3.44
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Salary Proof
BURSA MALAYSIA –
The Group recorded profit before net reversal of vessel impairment loss of RM27.4 million as compared to the loss of RM59.6 million incurred in FY 2022. The improvement was mainly due to higher revenue earned and lower vessel depreciation incurred during the current financial year. In relation to the Downstream Division, the Division expects the charter operations to continue to be active in the next financial year, given all the vessels are on time-charter contracts. For the CPP tankers, the commercial prospects over the medium term remain positive given the Division’s excellent operating standards that will ensure continued commercial competitiveness, as well as the shortage of Malaysian-flagged tankers in the market.
BURSA MALAYSIA –
Group has increased the useful economic life of its OSV fleet from 15 years to 20 years effective this financial year. Given the impact to both current and preceding quarters amounting to RM18.6 million has been accounted in the current quarter, the Group has incurred significantly lower depreciation expenses in the current quarter than the immediate preceding quarter. In line with higher revenue earned and lower depreciation incurred during the current period, the Group recorded RM23.6 million profit before taxation, as compared to RM1 million loss recorded in the immediate preceding quarter.
BURSA MALAYSIA –
The Group recorded 10% higher revenue of RM63.2 million for the current quarter than the immediate preceding quarter in line with improving charter rates. The Group recorded RM8.3 million profit before taxation, as compared to RM8.3 million loss recorded in the immediate preceding quarter. The improvement was mainly due to the net reversal of vessel impairment of RM24.1 million during the current quarter, but partially offset by the provision of stamp duty and receivable impairment loss.
BURSA MALAYSIA –
The Group recorded RM8.3 million loss before taxation, an improvement of 26% from the loss recorded in the immediate preceding quarter. The improvement was mainly due to higher revenue recorded by the Upstream Division and lower direct expenses incurred by the Downstream Division as all seven (7) vessels were deployed under TC arrangement.
BURSA MALAYSIA –
The Group recorded RM11.2 million loss before taxation, a decrease of 51% from the loss recorded in the immediate preceding quarter. The Upstream and Downstream Divisions recorded RM6.4 million and RM2.3 million loss before taxation, an improvement of 66% and 51% respectively as compared with the preceding quarter. The lower loss was in line with the higher charter activities recorded from both Divisions.
BURSA MALAYSIA –
In line with lower revenue in the current quarter, the Group recorded 20% higher loss from operations. Consequently, the Group recorded loss before taxation of RM28.6 million. During the preceding period, the Group recorded RM83 million profit before taxation after recognising a one-off restructuring gain amounting to RM106.8 million upon successful completion of the Upstream Division’s debt restructuring scheme
The Star –
Marine & General Bhd is among the stocks to watch on Thursday, according to JF Apex Research. Marine & General returned to the black in the second quarter ended Oct 31, 2020 (2QFY21) with a net profit of RM56.07mil, compared with a net loss of RM14.97mil in the preceding quarter.
BURSA MALAYSIA –
The Upstream Division recorded LBT of RM12.4 million than the LBT of RM21.1 million in preceding quarter. Besides reducing its finance costs by RM4.5 million following the implementation of its debt restructuring, the Division also incurred non-recurring RM5 million adjustment for marine gas oil and stocks consumption. The Downstream Division recorded RM5.8 million LBT as compared to LBT of RM1.9 million in preceding quarter mainly due to recognition of higher operating costs following the addition of a new tanker to the fleet.
REMUNERATION STUDY –
In Financial Year End 1.5.2019 – 30.4.2020, the directors’ remuneration was 3.94 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 48.9 million and auditor’s remuneration of 277 thousands
BURSA MALAYSIA –
The Group recorded RM23.8 million loss before taxation, an increase of 78% from the loss recorded in the immediate preceding quarter. The Upstream Division recorded higher loss before taxation of RM21.1 million than RM10.6 million recorded in the immediate preceding quarter mainly due to an unusual RM5 million adjustment for marine gas oil and stocks consumption and a RM4 million interest adjustment recognised during the quarter. On the other hand, the Downstream Division recorded RM1.9 million loss before taxation during the current quarter as compared to loss before taxation of RM1.8 million in the immediate preceding quarter mainly due to the higher operating costs following the addition of a new tanker to the fleet in the preceding quarter.
BURSA MALAYSIA –
The Group recorded a revenue of RM50.3 million for the quarter ended 31 January 2020, a decrease of 8% from the preceding period mainly due to lower charter activities by the Upstream Division, whose fleet utilisation decreased to 70% in 31 Jan 2020 from 73% in 31 October 2020.
INVESTING MALAYSIA –
M&G 21 JAN 20 – Marine & General Bhd (M&G) has secured a RM16 million contract from Petronas Carigali Sdn Bhd for the provision of an anchor handling tug and supply vessel.
Investing Malaysia –
Average investing volume for Marine & General Bhd in the past three months in stock market was 276.9k lots
Investing Malaysia –
M&G gets a score of 12.88 in our equity and assets quality test based on current share price of RM0.07
Investing Malaysia –
Marine & General Bhd gets a score of 0 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 5078 in Bursa Malaysia declared adjusted 0.67% dividend yield in past few years
Investing Malaysia –
M&G is forecasted to made loss of 23.67 millions, with an adjusted market capitalization of 50.67 millions
REMUNERATION STUDY –
In Financial Year End 1.1.2018 – 30.4.2019, the directors’ remuneration was 5.27 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 64.5 million and auditor’s remuneration of 309 thousands