GOOD ASSETS
SPRING 0216 Share Price
RM0.10
klse: Spring Art Holdings Berhad
Stock Information
Board : Ace
Shariah : Shariah Compliant
Sector : Furniture
Address: LOT PLO 49, Jalan Rami 4, Kawasan Perindustrian Bukit Pasir, 84300 Bukit Pasir, Muar Johor
Contact: +606-9859971
Website: https://www.springart.com/
Stock Background
Spring Art Holdings Berhad is engages in the design and development, manufacture, marketing, and sale of ready-to-assemble furniture products. It offers drawer chest; wardrobe; bookshelf; study table; TV and shoe cabinet; office, bedroom, living room; and other furniture.
Profit Analysis: SPRING 0216
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 26/05/26 | 9,988 | 41 | 38 |
| 25/02/26 | 14,109 | 1,211 | 790 |
| 27/11/25 | 8,758 | -1,706 | -1,791 |
| 21/08/25 | 11,828 | 107 | 46 |
| 26/05/25 | 11,620 | 73 | 166 |
| 26/02/25 | 9,298 | 677 | 4,887 |
| 21/11/24 | 10,630 | -335 | -336 |
| 22/08/24 | 14,856 | 2,548 | 1,689 |
| 23/05/24 | 14,788 | 3,830 | 3,001 |
| 22/02/24 | 20,092 | 4,334 | 2,738 |
| 30/11/23 | 14,587 | 2,102 | 1,943 |
| 24/08/23 | 11,348 | 484 | 330 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 45 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | -917 |
| Last 4 Quarter EPS (sen) | -0.22 |
| Last 4 Quarter PER | 0 |
| Last 4 Quarter Dividend (sen) | – |
| Last 4 Quarter Dividend Yield (%) | 0.00 |
| Net Tangible Assets (RM) | 0.22 |
| Goodwill (RM) | 0 |
| Cash (RM’000) | 17,640 |
| Debt (RM’000) | 14,420 |
| Total Debt (RM’000) | 21,390 |
| Net Assets (RM’000) | 90,110 |
| Current Ratio | 5.95 |
| Quick Ratio | 4.33 |
| Cash Ratio | 2.71 |
Technical
Technical Analysis
| MACD (26 vs 12) | -4.383 |
|---|---|
| Exponential Moving Average 5 | 0.096 |
| Exponential Moving Average 20 | 0.091 |
| Exponential Moving Average 90 | 0.114 |
| Relative Strength Index 14 | 0.44 |
| Stochastic %D 3 | 0.25 |
| Stochastic %K 14 | 0.50 |
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Stock Profit Analysis
-
BNASTRA 7195 ★★★★★RM2.14 - PETRONM 3042 ★★★★★RM3.44
- CMSB 2852 ★★★★★RM1.00
- SUNREIT 5176 ★★★★★RM2.23
Salary Proof
BURSA MALAYSIA –
The Group’s PBT and PBT margin deteriorated from approximately RM7.8 million and 13.3% for FYE2021 to approximately RM2.87 million and 6.3% for FYE2022. This is due to revenue reduced recorded. Going Forward, the group is now focus in driving more research and development activities in enhancing our products to better suit the needs of the customer. Also, to penetrating the foreign markets, the group will focus on export markets to grow the business. The group aims to futher increase thier presence in the North America and European markets in future.
BURSA MALAYSIA –
The Group recorded revenue of RM11.74 million in Q4 2022 as compared to RM9.73 million recorded in the preceding quarter ended 30 September 2022 (“Q3 2022”), it was an increase of RM2.02 million during current financial quarter. The increase of revenue was due to the increase of demand from Asia Pacific customers in Q4 2022 compared to Q3 2022.
BURSA MALAYSIA –
The Group’s PBT increased by 120.7% from LBT of RM0.57million in Q3 2021 to RM0.39 million in Q3 2022. The increase in profit before tax was mainly attributable to the higher sales volume and strengthening of the USD against the RM whereby a majority of the Group’s sales are denominated in USD.
BURSA MALAYSIA –
The decrease of revenue was due to the implementation of the Full Movement Control Order (“FMCO”) from June 2021, the Group”s operation was halted for 12 weeks in the current financial quarter under review. The production halt has caused the shipment of furniture interrupted again in Q3 2021. It caused the PBT dropped from RM0.57 million in Q2 2021 to LBT of RM1.89 million in Q2 2021 as only finished goods able to be shipped out during the FMCO.
BURSA MALAYSIA –
The lower production level against a relatively fixed labour and factory overhead costs, couple with the incidental costs for the COVID-19 screening had resulted in a lower profit of RM0.03 million for the current reporting quarter compared to RM1.67 million in the previous reporting quarter.
BURSA MALAYSIA –
The Group recorded revenue of RM15.34 million in Q4 2020 as compared to RM17.30 million in Q3 2020, a decrease of RM1.97 million during current financial quarter. The decrease of revenue was due to the shortage of containers faced, most of the containers unable to ship out in December 2020. Therefore, it caused the lower revenue and higher stock level recorded in Q4 2020. As a result, the Group registered a PBT of RM1.67 million in Q4 2020, a decrease of RM2.28 million from RM3.95 million in the preceding quarter.
The Edge –
Sping Art Holdings Bhd has suspended the operations of two factories as well as its administrative office after some of its employees tested positive for Covid-19. However, it did not disclose how many have been infected. It said it is working closely with the Ministry of Health to implement mitigating steps to contain the spread of Covid-19 at the premises.
BURSA MALAYSIA –
The Group recorded revenue of RM17.30 million in Q3 2020 as compared to RM5.58 million in Q2 2020, an increase of RM11.72 million during current financial quarter. The increase of revenue was due to the production started pick up the speed to the productivity before Movement Control Order (“MCO”). Therefore, the Group registered a PBT of RM3.95 million in Q3 2020, an increase of RM3.72 million from RM0.23 million in the preceding quarter.
BURSA MALAYSIA –
The Group recorded revenue of RM5.58 million for the current financial quarter ended 30 June 2020 as compared to RM16.20 million in preceding quarter ended 31 March 2020, a decrease of RM10.62 million during current financial quarter. The decrease of revenue was due to the shipment of containers were disrupted during the MCO period.
BURSA MALAYSIA –
The Group recorded revenue of RM16.20 million for the current financial quarter ended 31 March 2020 as compared to RM17.29 million in preceding quarter ended 31 December 2019, a decrease of RM1.09 million during current financial quarter. The decrease was due to the shipment of containers were disrupted during the MCO period.
REMUNERATION STUDY –
In Financial Year End 1.1.2019 – 31.12.2019, the directors’ remuneration was 1.09 million. It was slightly high compared to average in listed companies, considering the employees’ remuneration of 7.7 million and auditor’s remuneration of 63 thousands
Investing Malaysia –
Average investing volume for Spring Art Holdings Bhd in the past three months in stock market was 5021.3k lots
Investing Malaysia –
SPRING gets a score of 14.46 in our equity and assets quality test based on current share price of RM0.24
Investing Malaysia –
Spring Art Holdings Bhd gets a score of 21.25 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 0216 in Bursa Malaysia did not propose any dividend for the past few years
Investing Malaysia –
SPRING is estimated to have a profit consensus of 8.57 millions, with an adjusted market capitalization of 93.53 millions