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Industrial Goods / Machinery & Heavy Vehicles / Shipbuilding DETAILED STOCK REPORT
Report Date: 2024-Aug-02
Last Close Avg Daily Vol 52-Week High Trailing PE Annual Div ROE LTG Forecast 1-Mo Return
0.51 (MYR) 67,173 0.67 -- -- -2536% -- 1.0%
2024 August 01 Market Cap 52-Week Low Forward PE Dividend Yield Annual Rev Inst Own 3-Mo Return
MALAYSIA Exchange
288M 0.39 -- -- 139M 3.7% 2.0%
AVERAGE SCORE
NEGATIVE OUTLOOK: BHIC's current score of Score Averages
3 places it among the bottom quartile of stocks Machinery & Heavy Vehicles Group: 5.8 Small Market Cap: 5.2
scored. Industrial Goods Sector: 5.8 FBM KLCI Index: 6.6
Average Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive COASTAL 7 7 9 8 9
PENERGY 9 8 9 9 9
Neutral SEALINK 7 4 6 7 7
TAS 8 6 6 7 7
Negative
BHIC 3 1 3 4 3
2021-07 2022-07 2023-07 2024-07
BUSINESS SUMMARY
Boustead Heavy Industries Corporation Berhad is a Malaysia-based investment holding company. The Company provides in-service support (ISS) and
refit works for Royal Malaysian Navy (RMN) submarines. It is also involved in the aerospace sector through joint venture companies, supplying
specialized services and products for applications in both the defense and commercial spaces. Its segments include Defence and Security, Commercial
and Others. Defence and Security segment is principally engaged in shipbuilding and maintenance, repair and overhaul (MRO) of RMN's patrol
vessels. It is also involved in manufacturing, supply and maintenance of defense related electronic products. Its Commercial segment is engaged in the
heavy engineering, shipbuilding, MRO of non-related vessels, providing training, trading of goods and MRO of aircraft wheels and brakes. It also offers
a range of helicopter-related MRO services to the RMAF, RMN and the Malaysian Maritime Enforcement Agency (MMEA).
Page 1 of 11
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BOUSTEAD HEAVY INDUSTRIES (BHIC-KU)
Industrial Goods / Machinery & Heavy Vehicles / Shipbuilding DETAILED STOCK REPORT
Report Date: 2024-Aug-02
INDICATOR COMPONENTS
The AVERAGE SCORE combines the quantitative analysis of five widely-used investment decision making tools: Earnings,
Fundamental, Relative Valuation, Risk, and Price Momentum. A simple average of the underlying component ratings is normally
distributed to rank stocks on a 1-10 scale (10 being awarded to the most favorable). These factors may be evaluated differently using
alternative methodologies and the importance of individual factors varies across industries, market capitalization and investment styles.
Additional criteria should always by used to evaluate a stock.
5 CHINWEL 1.17 -4.1% -1.7% -14.6% 350M 32.1 30.8 4.7% 3.0% -- Sell 2
7 TAS 0.69 -14.9% -9.3% 174.0% 126M 4.7 11.4 2.9% 30.4% -- -- --
7 Average 0.89 -0.76% 11.7% 61.7% 357M 22.4 16.8 3.5% 6.1% -- Sell 2.5
PEER COMPANIES
AIMFLEX Aimflex PENERGY Petra Energy
CHINWEL Chin Well Holdings PWRWELL Powerwell Holdings
CNERGEN Cnergenz SEALINK Sealink International
COASTAL Coastal Contracts TAS TAS Offshore
MIKROMB Mikro MSC TONGHER Tong Herr Resources
Page 2 of 11
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BOUSTEAD HEAVY INDUSTRIES (BHIC-KU)
Industrial Goods / Machinery & Heavy Vehicles / Shipbuilding DETAILED STOCK REPORT
Report Date: 2024-Aug-02
This company does not currently meet the data Earnings Score Averages
requirements to calculate a score for this Machinery & Heavy Vehicles Group: 4.8 Small Market Cap: 5.1
component. Industrial Goods Sector: 4.8 FBM KLCI Index: 5.7
Earnings Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive COASTAL 3 7 10 10 10
BHIC NR NR NR NR NR
Neutral PENERGY NR NR NR NR NR
SEALINK NR NR NR NR NR
Negative
TAS NR NR NR NR NR
2021-07 2022-07 2023-07 2024-07
EARNINGS INDICATORS
Earnings Surprises Estimate Revisions Recommendation Changes
(33.3% weight) (33.3% weight) (33.3% weight)
COASTAL COASTAL
COASTAL
Page 3 of 11
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BOUSTEAD HEAVY INDUSTRIES (BHIC-KU)
Industrial Goods / Machinery & Heavy Vehicles / Shipbuilding DETAILED STOCK REPORT
Report Date: 2024-Aug-02
NA NA NA NA
EARNINGS SURPRISES
Comparing a company's actual earnings to the mean expectation of Surprise Detail (Last 6 Periods)
analysts results in a difference referred to as a 'positive' or 'negative'
surprise. Research has shown that when a company reports a Surprise Announce Period End Actual Mean Surprise
surprise, it is often followed by more of the same surprise type. Type Date Date EPS EPS (%)
Surprise Summary (Last 12 Quarters)
Surprise Type Amount Percent There are no earnings surprises during this time period.
Positive Quarters (> 2%) 0 --
Negative Quarters (< -2%) 0 --
In-Line Quarters (within 2%) 0 --
ANNUAL REVENUE
A pattern of increasing sales in Actuals Estimates
conjunction with a rising EPS may
influence a buy recommendation, while NA NA
flat or falling sales and faltering
earnings may explain a sell Mean -- --
recommendation. A rising EPS with flat Annual revenue data is not available High -- --
or falling sales may result from
increased cost efficiency and margins, Low -- --
rather than market expansion. This Forecasted Growth -- --
chart shows the sales forecast trend of # of Analysts -- --
all analysts and the highest and lowest
projections for the current and next NA NA NA NA
fiscal year.
Page 4 of 11
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BOUSTEAD HEAVY INDUSTRIES (BHIC-KU)
Industrial Goods / Machinery & Heavy Vehicles / Shipbuilding DETAILED STOCK REPORT
Report Date: 2024-Aug-02
FUNDAMENTAL
NEUTRAL OUTLOOK: Fundamentals relatively Fundamental Score Averages
in-line with the market. Machinery & Heavy Vehicles Group: 5.4 Small Market Cap: 5.3
Industrial Goods Sector: 5.4 FBM KLCI Index: 6.4
Q3 Q4 Q1 Q2
Fundamental Score Trend Peers 2023 2023 2024 2024 Current 3Y Trend
PENERGY 10 10 9 9 10
Positive
SEALINK 10 9 10 10 10
Neutral TAS 7 7 3 8 10
Negative COASTAL NR NR 10 10 9
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 BHIC 4 3 5 5 7
2022 2023
FUNDAMENTAL INDICATORS
Profitability Debt Earnings Quality Dividend
(25% weight) (25% weight) (25% weight) (25% weight)
PENER…
COAST… PENER…
SEALIN… PENER…
TAS SEALIN…
TAS TAS
SEALIN… BHIC
COAST…
PENER… TAS
BHIC
COAST…
SEALIN…
Revenue Growth 25.8% Current Ratio 1.3 Oper. Cash Yield 100.6%Dividend Growth --
For year over year For interim period For latest 12 months For year over year
ending 2024-03 ending 2024-03 ending -- ending --
Gross Margin 77.3% Debt-to-Capital 7.2% Accruals -243.3% Dividend Payout --
For latest 12 months For annual period For latest 12 months For latest 12 months
ending 2024-03 ending 2023-12 ending 2023-12 ending --
Return On Equity -2536% Interest Funding -1.0% Days Sales In Inv. -- Dividend Coverage --
For interim period For interim period For annual period For annual period
ending 2024-03 ending 2024-03 ending -- ending --
Net Margin -191.2% Interest Coverage -17.2 Days Sales In Rec. 223.6 Current Div. Yield --
For latest 12 months For interim period For annual period For latest 12 months
ending 2024-03 ending 2024-03 ending 2023-12 ending --
HIGHLIGHTS
- The Fundamental Rating for Boustead Heavy Industries improved - The accruals ratio for BHIC is the lowest within its Machinery & Heavy
significantly over the last quarter from 3 to 7. The average Vehicles industry group.
Fundamental Rating for its Machinery & Heavy Vehicles industry group - Boustead Heavy Industries does not currently pay a dividend. Of 68
is 5.4 and the FTSE BURSA MALAYSIA COMPOSITE index average firms within the Machinery & Heavy Vehicles industry group, it is
is 6.4. among the 28 companies without a dividend.
- The gross margin of 77.3% for BHIC is the highest within its Machinery
& Heavy Vehicles industry group.
- The company's debt-to-capital has been higher than its industry group
average for each of the past five years.
Page 5 of 11
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BOUSTEAD HEAVY INDUSTRIES (BHIC-KU)
Industrial Goods / Machinery & Heavy Vehicles / Shipbuilding DETAILED STOCK REPORT
Report Date: 2024-Aug-02
RELATIVE VALUATION
This company does not currently meet the data Relative Valuation Score Averages
requirements to calculate a score for this Machinery & Heavy Vehicles Group: 5.3 Small Market Cap: 5.7
component. Industrial Goods Sector: 5.3 FBM KLCI Index: 5.1
Relative Valuation Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive PENERGY 8 7 9 9 9
COASTAL 8 7 8 8 8
Neutral TAS 7 6 6 6 7
SEALINK 3 4 5 5 5
Negative
BHIC 2 3 NR NR NR
2021-07 2022-07 2023-07 2024-07
COASTAL
COASTAL
TAS
TAS
PENERGY
COASTAL SEALINK
TAS
HIGHLIGHTS
- There is no significant relative valuation data for this company.
Page 6 of 11
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BOUSTEAD HEAVY INDUSTRIES (BHIC-KU)
Industrial Goods / Machinery & Heavy Vehicles / Shipbuilding DETAILED STOCK REPORT
Report Date: 2024-Aug-02
Page 7 of 11
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BOUSTEAD HEAVY INDUSTRIES (BHIC-KU)
Industrial Goods / Machinery & Heavy Vehicles / Shipbuilding DETAILED STOCK REPORT
Report Date: 2024-Aug-02
RISK
NEGATIVE OUTLOOK: Variable return patterns Risk Score Averages
(high volatility). Machinery & Heavy Vehicles Group: 4.9 Small Market Cap: 4.9
Industrial Goods Sector: 4.9 FBM KLCI Index: 9.2
Risk Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive COASTAL 6 7 8 7 8
PENERGY 5 5 5 5 5
Neutral TAS 2 2 3 3 3
BHIC 3 3 3 2 2
Negative
SEALINK 2 1 2 1 1
2021-07 2022-07 2023-07 2024-07
RISK INDICATORS
Magnitude of Returns Volatility Beta (1-year) Correlation
(25% weight) (25% weight) (25% weight) (25% weight)
COAST…
COAST…
COAST… BHIC COAST… PENER…
BHIC PENER… PENER… SEALIN…
TAS
PENER… TAS
TAS
TAS BHIC BHIC
SEALIN…
SEALIN… SEALIN…
Daily Returns (Last 90 Days) Standard Deviation Beta vs. FBM KLCI 1.11 Correlation vs. FBM KLCI
Best 10.4% Last 90 Days 2.55 Positive Days Only 1.02 Last 90 Days -1%
Worst -6.1% Last 60 Months 10.78 Negative Days Only 0.20 Last 60 Months 10%
Monthly Returns (Last 60 Months) Intra-Day Swing (Last 90 Days) Beta vs. Group -0.01 Correlation vs. Group
Best 33.3% Average 3.3% Positive Days Only -0.36 Last 90 Days 7%
Worst -27.2% Largest 22.8% Negative Days Only 0.37 Last 60 Months -2%
Page 8 of 11
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BOUSTEAD HEAVY INDUSTRIES (BHIC-KU)
Industrial Goods / Machinery & Heavy Vehicles / Shipbuilding DETAILED STOCK REPORT
Report Date: 2024-Aug-02
Price Momentum Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive SEALINK 10 4 6 8 8
PENERGY 9 6 6 6 7
Neutral TAS 10 6 5 6 6
BHIC 8 1 2 5 3
Negative
COASTAL 6 1 1 1 1
2021-07 2022-07 2023-07 2024-07
TAS
PENERGY
SEALINK
BHIC
BHIC
SEALINK
PENERGY
COASTAL TAS
COASTAL
Relative Strength Indicator (Scale from 1 to 100) Average Monthly Return (Last 10 Years)
BHIC Industry Avg Aug Sep Oct
Last 10 Days 53 47 Company Avg -2.0% 3.9% -0.61%
Last 50 Days 51 53 Industry Avg -2.2% 3.2% 2.3%
Last 200 Days 51 53 Industry Rank 46 of 51 5 of 52 12 of 53
PRICE PERFORMANCE
Daily close prices are used to calculate the BHIC BHIC FBM KLCI
performance of the stock as compared to a
FBM KLCI Close Price (2024-08-01) 0.51 1,624
relevant index over five time periods.
52-Week High 0.67 1,634
-1%
1-Week 52-Week Low 0.39 1,416
0.6%
1-Month
1% - On 2024-08-01, BHIC closed at 0.51, 24.1% below its 52-
1.6% week high and 29.5% above its 52-week low.
- The FTSE BURSA MALAYSIA COMPOSITE index is currently
2% 0.60% below its 52-week high and 14.7% above its 52-week
3-Month
3.1% low.
5.2%
YTD
11.7%
23.2%
1-Year
11.9%
Page 9 of 11
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BOUSTEAD HEAVY INDUSTRIES (BHIC-KU)
Industrial Goods / Machinery & Heavy Vehicles / Shipbuilding DETAILED STOCK REPORT
Report Date: 2024-Aug-02
Page 10 of 11
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BOUSTEAD HEAVY INDUSTRIES (BHIC-KU)
Industrial Goods / Machinery & Heavy Vehicles / Shipbuilding DETAILED STOCK REPORT
Report Date: 2024-Aug-02
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recommendation to buy or sell securities of any kind. Past performance is not a
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factor when making an investment decision.
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