ENG TEKNOLOGI
Description: manufactures hard disk drive peripherals components, industrial machinery, equipment, precision tools, electronic and computer parts, high precision mould, die, jigs, fixture, and automation system.
Price: MYR 1.88 as at 10am 27 December 2010
52Wk High 3/25/2010: 2.98
52Wk Low 12/28/2009: 1.46
Highest P/E since 1/1/2009: 9.94
Lowest P/E 1/1/2009: 2.54
Average P/E: 5.59
Book Value/share: RM2.00
Holders
• PNB is the majority stakeholder, 14.46%
• Lembaga Tabung Haji 8.34%
• AIG ASIAN Oppurtunity 4.86%
• Prudential Unit Trust 1.09%
• Apex Investment Securities 0.08%
• RHB Unit Trust 0.06%
• Integra Capital 0.05%
• 28.94 out of 63.60%, about half of the substantial shareholders are institutions.
Highlights
• Dividend yield 6.49%, the highest among the peers
• Market Capitalization 228.22 million, the highest among the peers
• Net Cash
• Lowest trailing 12 month P/E among the peers
Risks
• Revenue, net income and EPS q-o-q decreased.
• Strengthening Ringgit Malaysia against USD
• High inventory levels as HDD’s consumer demand has been weak.
Catalyst
• ENG is technically bottomed out with return of buying interest, resistance at RM2.25 and RM2.63. RSI is getting closer to 70 level while daily fast MACD has entered positive territory.
• HDD companies have bottomed out and are recovering, thus I think ENG will follow suit.
• Higher demand for Notebooks & PCs
• Research house comments
HLG Research said “HDD growth is expected to continue, driven by growth in China, cloud computing, DVRs and the PC placement cycle”, “Notebook makers are seeing good demand, translating to increased orders in November”, “A re-stocking of HDDs in 1Q CY2011 could spur a re-rating cycle for Malaysian HDD companies.”
HLG Research has downward revised the target price to RM2.15, but maintained its Buy call. Personally, I think ENG has more upside compared with its peers. Why? 1) ENG has higher dividend yield of 6.49% compared with other local players such as JCY at 5.65%, Notion Vtec at 4.12%. 2) ENG has the lowest trailing 12-month P/E of 3.7x among the local and global players such as JCY at 9.56x, Notion Vtec at 6.72x, Western Digital at 6.03x and Seagate at 4.84x. 3) ENG priced below BPS.
Thus, I believe ENG will grow further. With an average industry P/E of 6.7 after 20% discount and FY2010 consensus EPS of 46 sen, i think ENG should worth about RM2.46, which is 15% more than HLG Research's target. Combined with technical configuration, I believe ENG may increase further to at least RM2.25.
Source: HLG Research
Disclaimer: The company analysis that appear in this blog is merely facts gathered from different sources and the author's personal view. It is not a buy or sell recommendation. The author do not guarantee the accuracy of the facts being presented. Please consult your investment advisors before acting on any information provided by the analysis above.
☑️DO YOU WANT TO RECOVER YOUR LOST FUNDS ON CAPITAL INVESTMENTS, BITCOIN INVESTMENTS, AND OTHER SCAM TRADING INVESTMENTS ??? TAKE YOUR TIME TO READ🔘
ReplyDelete☑️ The COMPOSITE CYBER SECURITY SPECIALISTS have received numerous complaints of fraud associated with websites that offers opportunities for Capital Investments, bitcoin investments and Trading on an Internet-based trading platforms. Most Of The complaints falls into these Two categories:
1. 🔘Refusal to credit customers accounts or reimburse funds to customers:
These complaints typically involve customers who have deposited money into their trading or investment account and who are then encouraged by “brokers” over the telephone to deposit additional funds into the customer account. When customers later attempt to withdraw their original deposit or the return they have been promised, the trading platforms allegedly cancels customers’ withdrawal requests, refuse to credit their accounts, or ignore their telephone calls and emails.
2. 🔘Manipulation of software to generate losing trades:
These complaints allege that the Internet-based Investment and trading platforms manipulate the trading software to distort the Trading prices and payouts in order to ensure that the trade results in a Loss. For example, when a customer’s trade is “winning,” the countdown to expiration is extended arbitrarily until the trade becomes a loss.
☑️ Most people have lost their hard earned money through Scam Investments And Trading, yet they would go and meet fake recovery Experts unknowingly to help them recover their money and they would end up losing more money in the process. This Is Basically why we (COMPOSITE CYBER SECURITY SPECIALISTS) have come to y’all victim’s rescue. The clue is most of these Brokers have weak Database security, and their vulnerabilities can be exploited easily with the Help of our Special HackTools, Root HackTools And Technical Hacking Strategies because they wouldn’t wanna spend money in the sponsorship of Bug bounty Programs which would have helped protect their Database from Unauthorized access to their Database, So all our specialists do is to hack into the Broker’s Database via SQL Hook injections & DNS Spoofing, Decrypt your Transaction Details, Trace the Routes of your Deposited Funds, Then some Technical Hacking Algorithms & Execution Which we cant explain here would follow then you have your money recovered. 💰 ✔️
☑️All our Specialists are well experienced in their various niches with Great Skills, Technical Hacking Strategies And Positive Online Reputations And Recommendations🔘
They hail from a proven track record and have cracked even the toughest of barriers to intrude and capture all relevant data needed by our Clients.
We have Digital Forensic Specialists, Certified Ethical Hackers, Software Engineers, Cyber Security Experts, Private investigators and more. Our Goal is to make your digital life secure, safe and hassle free by Linking you Up With these great Professionals such as JACK CABLE, ARNE SWINNEN, SEAN MELIA, DAWID CZAGAN, BEN SADEGHIPOUR And More. These Professionals are Well Reserved Professionals who are always ready to Handle your job with great energy and swift response so that your problems can be solved very quickly.
All You Need to Do is to send us a mail and we’ll Assign any of these specialists to Handle your Job immediately.
☑️ Below Is A Full List Of Our Services:
* FUNDS RECOVERY ON INVESTMENT AND TRADING.
* WEBSITE HACKING
* CREDIT REPAIR.
* PHONE HACKING (giving you Unnoticeable access to everything Happening on the Target’s Phone)
* CLEARING OF CRIMINAL RECORDS
* SOCIAL MEDIA ACCOUNTS HACKING
☑️ CONTACT:
••• Email:
composite.cybersecurity@protonmail.com
🔘2020 © composite cybersecurity specialists
🔘Want faster service? Contact us!
🔘All Rights Reserved ®️