CNASIA 7986 Share Price
RM0.07
klse: CN Asia Corporation Berhad
Stock 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/
Stock Background
CN Asia Corporation Berhad 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.
Profit Analysis: CNASIA 7986
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 25/05/26 | 4,537 | -2,149 | -2,149 |
| 24/02/26 | 6,936 | 541 | 541 |
| 28/11/25 | 5,718 | -12,075 | -12,185 |
| 27/08/25 | 9,166 | 285 | 285 |
| 28/05/25 | 6,410 | -540 | -538 |
| 25/02/25 | 8,288 | 1,443 | 1,443 |
| 21/11/24 | 5,415 | 129 | 129 |
| 22/08/24 | 3,165 | -239 | -289 |
| 30/05/24 | 6,137 | -10,988 | -11,013 |
| 22/02/24 | 5,559 | 345 | 313 |
| 24/11/23 | 4,771 | 339 | 271 |
| 29/08/23 | 3,085 | 313 | 241 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 15 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | -6,006 |
| Last 4 Quarter EPS (sen) | -0.82 |
| Last 4 Quarter PER | 0 |
| Last 4 Quarter Dividend (sen) | – |
| Last 4 Quarter Dividend Yield (%) | 0.00 |
| Net Tangible Assets (RM) | 2642.00 |
| Goodwill (RM) | 0 |
| Cash (RM’000) | 2,120 |
| Debt (RM’000) | 20,670 |
| Total Debt (RM’000) | 94,770 |
| Net Assets (RM’000) | 172,200 |
| Current Ratio | 1.06 |
| Quick Ratio | 0.83 |
| Cash Ratio | 0.73 |
Technical
Technical Analysis
| MACD (26 vs 12) | -0.001 |
|---|---|
| Exponential Moving Average 5 | 0.11 |
| Exponential Moving Average 20 | 0.112 |
| Exponential Moving Average 90 | 0.114 |
| Relative Strength Index 14 | 0.50 |
| Stochastic %D 3 | 0.33 |
| Stochastic %K 14 | 1.00 |
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Stock Profit Analysis
-
BNASTRA 7195 ★★★★★RM2.14 - PETRONM 3042 ★★★★★RM3.44
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- SUNREIT 5176 ★★★★★RM2.23
Salary Proof
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.
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.
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.
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.
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.
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.
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.
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 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.
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