
CNASIA 7986
PREV | CLOSE | CHANGE | HIGH | CLOSE |
---|---|---|---|---|
1.780 | 1.720 | -0.060 | 1.780 | 1.640 |
VOLUME | BUY VOL | BUY | SELL | SELL VOL |
---|---|---|---|---|
16,170 | 1,161 | 1.720 | 1.740 | 100 |
52 Weeks Range : 0.32 - 2.5
PREV | CLOSE | CHANGE | HIGH | CLOSE |
---|---|---|---|---|
1.780 | 1.720 | -0.060 | 1.780 | 1.640 |
VOLUME | BUY VOL | BUY | SELL | SELL VOL |
---|---|---|---|---|
16,170 | 1,161 | 1.720 | 1.740 | 100 |
The Edge –
CN Asia Corp Bhd said it will apply for a digital banking licence to offer services for women. The group said it had signed a memorandum of understanding with Intcys Sdn Bhd, under which it plans to invest RM400 million in the establishment of a consortium to provide digital banking for women. Via the proposed MyWeW (Women Empowering Women) Digital Bank, the group plans to offer services such as entrepreneurial financing, microloans, applications of debit and credit cards, and opening of digital bank accounts.
The Edge –
CN Asia Corp Bhd has said the company’s share trade will be suspended from 2.30 pm today pending a material announcement. At Bursa Malaysia’s 12.30pm break today, skid tank manufacturer CN Asia’s share price settled up two sen or 0.85% at RM2.37 for a market value of about RM130.14 million. CN Asia’s website indicates the company is principally an investment holding company while its wholly-owned subsidiary, Chip Ngai Engineering Works Sdn Bhd, is principally involved in the manufacturing and trading of among others, skid tanks and pipings for the petroleum industry.
BURSA MALAYSIA –
The Group’s revenue for the current quarter of RM2.7 million was 41% higher than the immediate preceding quarter of RM1.9 million. Ever since the Government relieved the MCO restrictions in May 2020, the Group has seen gradual improvement on revenue generated during the second quarter ended 30 June 2020.
BURSA MALAYSIA –
The Group’s revenue for the current quarter of RM1.9 million was 47% lower than the preceding quarter of RM3.6 million. This is mainly due to the deferment in clients’ scheduled activities owing to the global COVID-19 pandemic. In line with the decline in revenue during the quarter, the Group’s loss before tax rose to RM2.5 million as compared to RM17,000 in the preceding quarter.
REMUNERATION STUDY –
In Financial Year End 2019, the directors’ remuneration was 1 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 4.4 million and auditor’s remuneration of 73 thousands
BURSA MALAYSIA –
The Group’s revenue for the current quarter of RM3.6 million, decreased marginally as compared to the preceding quarter. Nevertheless, the Group recorded a loss before tax of RM17,000 in the current quarter as compared to a PBT of RM0.1 million in the previous quarter mainly due to dropped in the GP margin from 21.8% to 19.2%.
Investing Malaysia –
Average investing volume for CN Asia Corp. Bhd in the past three months in stock market was 1.7k lots
Investing Malaysia –
CNASIA gets a score of 29.29 in our equity and assets quality test based on current share price of RM0.41
Investing Malaysia –
CN Asia Corp. Bhd gets a score of 25.81 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 7986 in Bursa Malaysia did not propose any dividend for the past few years
Investing Malaysia –
CNASIA is estimated to have a profit consensus of 0.79 millions, with an adjusted market capitalization of 20.47 millions
REMUNERATION STUDY –
In Financial Year End 2018, the directors’ remuneration was 1 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 4.6 million and auditor’s remuneration of 73 thousands