GOOD ASSETS
ERDASAN 0072 Share Price
RM0.10
klse: Erdasan Group Berhad
Stock Information
Board : Ace
Shariah : Shariah Compliant
Sector : Automation Solution Renewable Energy Gloves
Address: Lot 11.2, Level 11, Menara Lien Hoe, No 8, Persiaran Tropicana, Petaling Jaya, 47410, Selangor
Contact: +603-78878330
Website: https://www.atsys.com.my/
Stock Background
Erdasan Group Berhad is involved in designs and manufactures industrial automation systems and machinery, fabricates industrial and engineering parts, as well owns interests in dormant companies.
Profit Analysis: ERDASAN 0072
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 28/05/26 | 12,068 | 3,318 | 3,318 |
| 27/02/26 | 13,111 | -345 | -345 |
| 28/11/25 | 13,536 | -17,430 | -17,036 |
| 29/08/25 | 10,324 | 324 | 324 |
| 29/05/25 | 8,137 | 28,800 | 25,763 |
| 28/02/25 | 8,557 | -10,319 | -10,318 |
| 29/11/24 | 7,879 | -6,221 | -6,220 |
| 30/08/24 | 6,542 | -1,378 | -1,380 |
| 31/05/24 | 4,868 | -68,765 | -68,765 |
| 29/02/24 | 8,204 | -1,277 | -1,533 |
| 30/11/23 | 9,720 | -5,697 | -5,700 |
| 30/08/23 | 9,792 | -9,733 | -9,736 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 47 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | 11,700 |
| Last 4 Quarter EPS (sen) | 5.11 |
| Last 4 Quarter PER | 1.96 |
| Last 4 Quarter Dividend (sen) | – |
| Last 4 Quarter Dividend Yield (%) | 0.00 |
| Net Tangible Assets (RM) | 0.66 |
| Goodwill (RM) | 0 |
| Cash (RM’000) | 21,040 |
| Debt (RM’000) | 5,470 |
| Total Debt (RM’000) | 34,540 |
| Net Assets (RM’000) | 151,310 |
| Current Ratio | 1.30 |
| Quick Ratio | 1.11 |
| Cash Ratio | 0.60 |
Technical
Technical Analysis
| MACD (26 vs 12) | -1.318 |
|---|---|
| Exponential Moving Average 5 | 0.09 |
| Exponential Moving Average 20 | 0.093 |
| Exponential Moving Average 90 | 0.089 |
| Relative Strength Index 14 | 0.62 |
| Stochastic %D 3 | 0.83 |
| 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 loss before tax came to RM82.70 million during the year compared to the loss before tax of RM124.31 million a year earlier. The losses were mainly attributed from glove inventories written-down to net realisable value, higher finance costs, impairment loss on assets in glove business, net impairment loss on investment in associates and loss on dilution of interest in associate. Moving forward, the Group will maintain a cautious approach to its manufacturing operations, prioritising operational efficiency to reduce costs and sustain its growth trajectory. In light of the unexpected earthquake in Turkey in February 2023, one of the Group’s key customers, who operates in Turkey, is expected to postpone some of their orders. The Group is committed to closely collaborating with the customer to manage the necessary adjustments to the order and shipment processes
BURSA MALAYSIA –
The Group recorded pre-tax loss of RM10.15 million for the current quarter as compared pre-tax loss of RM13.63 million recorded in the preceding quarter. Fabrication and automation segment reported lower pre-tax loss due to better operational performance, coupled with lower fair value adjustment on share options. Gloves segment reported higher pre-tax loss on the back of lower margin and units sold. Higher pre-tax profit was mainly due to share of profit in associates as compared to of share of losses in associates in Q1 FY 2023.
BURSA MALAYSIA –
The Group recorded pre-tax loss of RM13.63 million for the current quarter as compared pre-tax loss of RM114.81 million recorded in the preceding quarter. The increase in gloves revenue was offset by lower sales in fabrication and automation segment, which was mainly due to lower orders for sheet metal parts and lower number of vending machines delivered to customer. Sale of solar energy was slightly lower due to unfavorable weather.
BURSA MALAYSIA –
The Group posted revenue of RM13.39 million for the current quarter ended 31 March 2022, representing a decrease of 15% as compared RM15.78 million recorded in the preceding quarter ended 31 December 2021. The decrease was largely due to lower sale of medical gloves on the back of lower units sold.
BURSA MALAYSIA –
The Group recorded pre-tax loss of RM13.85 million for the current quarter as compared to pre-tax profit of RM0.36 million recorded in the preceding quarter. The decrease was largely due to lower sale of medical gloves on the back of lower units sold. Sale of solar energy was slightly lower due to unfavorable weather.
BURSA MALAYSIA –
The Group recorded pre-tax loss of RM13.85 million for the current quarter as compared to pre-tax profit of RM0.36 million recorded in the preceding quarter. Fabrication and automation segment reported weaker operational performance for the period under review. Gloves segment reported lower pre-tax profit by RM2.04 million on the back of lower margin and units sold.
BURSA MALAYSIA –
The Group recorded pre-tax profit of RM1.72 million for the current quarter as compared to pre-tax loss of RM19.11 million recorded in the preceding quarter. The increase was largely due to contribution from sale of medical gloves as well as increase in revenue across all segments.
The Star –
AT Systematization is suing the shareholders of Pearl Glove (Malaysia) Sdn Bhd to recover RM4.4mil, after abandoning its planned purchase of the glove maker. It said AT Glove had signed an agreement dated June 26, 2020, with the shareholders to purchase their shares in Pearl Glove for RM3.44mil.