It has been a little more than a year since we set up stockresearchasia.com in early 2015 to provide Asia based investors with proprietary stock research. While we did not envision it at the beginning, 2015 has turned out on hindsight to be a tricky year for investors to navigate in Asian equity markets. And […]
2015- Our encouraging first year scorecard Read More »
Developments since our last update on 25 January 2015 (link) Our Views The profit after tax of RM69.3 million is largely due to a one-time gain from the sale of its security seals business. As ABRIC is currently a cash company (PN16), the profit recorded from this sale is immaterial going forward. Based on the
ABRIC Berhad (Update no. 2) – Lower margin of safety but still a low risk value play Read More »
Events since our first report on 6 January 2015 (link) Our Views The property purchase does not materially affect our estimates. Recall that ABRIC had sold off all its operating assets except for two properties that are currently leased out to its former subsidiaries. This new property once completed is intended to serve as its
ABRIC Berhad (Update)- Continues to be attractive value play at Ex-div price of RM0.425 Read More »
Background ABRIC Berhad (“ABRIC”) is a Malaysian company listed on Bursa Malaysia (formerly known as Kuala Lumpur Stock Exchange). Prior to December 2014, it was primarily engaged in the provision of security sealing solutions with a presence in over 80 countries worldwide. In September 2014, ABRIC announced that it has entered into an agreement with
ABRIC Berhad- Significantly undervalued at RM0.705 per share Read More »
