5 day volume Average = 1,647,840
20 day volume Average = 1,766,545
90 day volume Average = 2,273,251
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3.8/10 (Expert Score)
Product is rated as #193 in category BM Industrial Products & Services
PROS:
  • Positive Cash Company
  • Very Low Gearing
  • High Trading Liquidity
CONS:
  • Making Huge Loss
  • No Dividend Declared
  • Low Price-to-Tangible ratio

klse: CN Asia Corp. Bhd


Corporate Information

Board   : Main

Shariah : Shariah Compliant

Sector   : Storage Tank and System

Address: Lot 7907, Batu 11, Jalan Balakong, Seri Kembangan, 43300, Selangor

Contact: +603-89426888

Website: https://www.cnasia.com/
 

Corporate Background

CN Asia Corporation Bhd. and its subsidiaries manufacture and trade tanks, dish ends, pressure vessels, and pipes for the petroleum industry. The Company also has operations in specialized engineering and fabrication works and also provides repairing and leasing services of transportable containers for hazardous chemicals.

Specification: CNASIA 7986

Market Capital (RM) 57, 494, 374
Forecasted Profit or Loss (RM) -3, 040, 648
Estimated Future EPS (sen) -1.208
Perspective P/E ratio -19.455
Estimated Dividend Yield (%) 0
Adjusted NTA (RM) 0.262

Result

Quarter Report History

DateRevenue,kPBT,kNet Profit,k
17/02/232,253586582
21/11/223,464-5,131-5,133
19/08/222,586-1,449-1,505
20/05/222,379-1,777-1,837
23/02/223,975-774-791
03/11/212,445-1,210-1,039
21/09/212,452-635-652
17/05/212,785-699-716
24/02/213,321-686-1,425
11/11/206,835-602-652
12/08/202,672-402-449
21/05/201,890-2,496-2,543

Fundamental

Fundamental Analysis

Last 4 Quarter Revenue (RM’000)10,682
Last 4 Quarter Net Profit (RM’000)-7,893
Last 4 Quarter EPS (sen)-4.67
Last 4 Quarter PER
Last 4 Quarter Dividend (sen)
Last 4 Quarter Dividend Yield (%)
Net Tangible Assets (RM)0.47
Goodwill (RM)104
Cash (RM’000)15,100
Debt (RM’000)9,330
Total Debt (RM’000)11,040
Net Assets (RM’000)50,630
Current Ratio4.38
Quick Ratio3.97
Cash Ratio2.93

Technical

Technical Analysis

MACD (26 vs 12)0.001
Exponential Moving Average 50.232
Exponential Moving Average 200.234
Exponential Moving Average 900.243
Relative Strength Index 140.40
Stochastic %D 30.39
Stochastic %K 140.50

Shareholders

Top 30 Shareholders

Shareholder NameFinancial YearNumber (Ratio)
YIP CHUN MEI 20215,997,000 (3.360)
ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR SAMUEL TAN HOCK KHOON (7004711)20215,484,000 (3.070)
AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD. PLEDGED SECURITIES ACCOUNT FOR CHOU SING HOAN 20215,350,000 (2.990)
CGS-CIMB NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR YEO ANN SECK (MY0696)20215,180,000 (2.900)
KENANGA NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR ON LI SAR @ OON LI SAR 20215,000,000 (2.800)
CGS-CIMB NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR CHAI KUET FAR (DAMANSARA UTAMA-CL) 20214,915,600 (2.750)
LOW PIT KOON 20214,844,100 (2.710)
ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR TAN CHOON HWA (7007201)20214,568,100 (2.560)
CGS-CIMB NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR CHIAU BENG TEIK (MY2975)20214,000,000 (2.240)
KENANGA NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR VALUEVEST VENTURES SDN BHD 20213,670,000 (2.050)
TAI TEAN SENG 20213,557,000 (1.990)
KENANGA NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR TEH CHEE TEONG 20213,479,600 (1.950)
TA NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR LUA CHONG KEONG 20213,340,000 (1.870)
RHB NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR TAN CHEE KEANG 20213,130,200 (1.750)
AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD. PLEDGED SECURITIES ACCOUNT FOR CHIAU BENG TEIK 20213,000,000 (1.680)
NG IN JIE 20212,700,000 (1.510)
TA NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR TAN YEW HUI 20212,590,000 (1.450)
ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR YEE WEI MENG (7002982)20212,550,000 (1.430)
LOW KIAN SOON 20212,520,500 (1.410)
RHB NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR TEH CHEE TEONG ,DATO’ SRI 20212,434,700 (1.360)
TA NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR SOIN CHEE PIN 20212,232,000 (1.250)
AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD. PLEDGED SECURITIES ACCOUNT FOR SEAH YEE TENG 20212,218,000 (1.240)
TA NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR UNGGUH HOLDINGS SDN BHD 20212,206,600 (1.230)
VALUEVEST VENTURES SDN. BHD. 20212,205,000 (1.230)
TA NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR NG BENG HOCK 20212,100,000 (1.180)
ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR TEO EN CHIE (7006152)20212,020,200 (1.130)
TA NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR HOW SIEW LI 20212,000,000 (1.120)
CHANG HUI KEE 20211,732,400 (0.970)
LOW KUM MOON 20211,640,000 (0.920)
AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD. PLEDGED SECURITIES ACCOUNT FOR WU WAI KONG 20211,500,000 (0.840)

15 reviews for CNASIA 7986

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  1. BURSA MALAYSIA

    BURSA MALAYSIA

    The Group’s LBT increased by RM3.7 million to RM5.1 million from a LBT of RM1.4 million in the preceding quarter mainly attributable to an increase in allowance for impairment of investment from RM1.1 million in the preceding quarter to RM4.3 million in the current quarter.

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  2. BURSA MALAYSIA

    BURSA MALAYSIA

    The Group’s LBT decreased by 18% to RM1.4 million from a LBT of RM1.8 million in the preceding quarter mainly attributable to lower administrative expenses due to the absence of share options expenses in the current quarter compared to share options expenses of RM0.9 million recognised in the preceding quarter. However, the effect of the low administrative expenses was offset by the increase in other operating expenses of RM1.1 million which relate to an allowance for impairment of investment recorded in the current quarter.

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  3. BURSA MALAYSIA

    BURSA MALAYSIA

    Despite a lower revenue recorded during the quarter, the Group’s LBT decreased by 81% to RM1.8 million from a LBT of RM9.3 million in the preceding quarter. This was mainly due to a lower share options expenses of RM0.9 million recognised during the quarter compared to RM8.4 million recognised in the preceding quarter. The share options expenses was derived from share options granted during the quarter calculated based on fair value of share-based payment.

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  4. BURSA MALAYSIA

    BURSA MALAYSIA

    The Group’s revenue for the current quarter of RM4.0 million was 63% higher than the immediate preceding quarter of RM2.4 million. Hence, the Group reported a lower LBT of RM0.8 million compared to a LBT of RM1.2 million in the preceding quarter. The increase revenue was mainly from the manufacturing segment of RM1.3 million and financial services segment of RM0.2 million in the current quarter as a result of resumed activities after the MCO in September 2021.

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  5. BURSA MALAYSIA

    BURSA MALAYSIA

    The Group reported a higher LBT of RM1.2 million compared to a LBT of RM0.6 million in the preceding quarter. Whilst the reimplementation of the MCO with interstate travel restriction and suspension of on-site project activities, the Group’s production activities were restricted, and delivery schedule of its products were postponed during the quarter under review. The Group resumed to its normal operation in September 2021.

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  6. BURSA MALAYSIA

    BURSA MALAYSIA

    The Group reported a higher LBT of RM1.2 million compared to a LBT of RM0.6 million in the preceding quarter. Whilst the reimplementation of the MCO with interstate travel restriction and suspension of on-site project activities, the Group’s production activities were restricted, and delivery schedule of its products were postponed during the quarter under review. The Group resumed to its normal operation in September 2021.

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  7. BURSA MALAYSIA

    BURSA MALAYSIA

    The Group’s revenue for the current quarter of RM2.8 million was 16% lower than the immediate preceding quarter of RM3.3 million. Despite of a lower revenue recorded during the quarter, there has been no material fluctuation to the Group’s loss before tax during the quarter compared to the immediate preceding quarter of RM0.7 million.

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  8. Avatar

    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.

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  9. Avatar

    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.

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  10. BURSA MALAYSIA

    BURSA MALAYSIA

    The Group’s revenue for the current quarter of RM6.8 million was 156% higher than the immediate preceding quarter of RM2.7 million owing to the contribution from the contract to supply road tankers abroad amounted to RM4.9 million. In addition, the change in depreciation method has impacted the LBT by RM0.3 million. As a result, the Group recorded a higher LBT of RM0.6 million compared to RM0.4 million in the immediate preceding quarter.

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  11. BURSA MALAYSIA

    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.

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  12. BURSA MALAYSIA

    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.

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  13. REMUNERATION STUDY

    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

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  14. BURSA MALAYSIA

    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%.

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  15. Avatar

    Investing Malaysia

    Average investing volume for CN Asia Corp. Bhd in the past three months in stock market was 1.7k lots

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  16. Avatar

    Investing Malaysia

    CNASIA gets a score of 29.29 in our equity and assets quality test based on current share price of RM0.41

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  17. Avatar

    Investing Malaysia

    CN Asia Corp. Bhd gets a score of 25.81 in our stability test after the balance sheet, money statement study

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  18. Avatar

    Investing Malaysia

    Stock code of 7986 in Bursa Malaysia did not propose any dividend for the past few years

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  19. Avatar

    Investing Malaysia

    CNASIA is estimated to have a profit consensus of 0.79 millions, with an adjusted market capitalization of 20.47 millions

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  20. REMUNERATION STUDY

    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

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