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Overview
Financial Highlight
Headlines
Business Background APM Automotive Holdings Bhd is an automotive parts manufacturer. Its operating segments are organised into seven divisions namely, Suspension, Interior and Plastics, Electrical and Heat Exchange, Marketing, Nonreportable Segment, Indonesia Operations and All Other segments. Through its divisions, it offers products like leaf springs, coil springs, shock absorbers, auxiliary components, air-conditioner system and components, automotive seats, single piece door panel and others. The Marketing Division comprises activities in the distribution of automotive components and parts manufactured by it for the replacement and export markets. The group operates globally and derives the majority of its revenue in Malaysia. Interior and Plastics segment serves as the revenue driver for the group.
  SincereStock oya and forget to mention APM is a much bigger company compare with MCEHLDG 21/12/2023 11:03 PM SincereStock President DATO' TAN HENG CHEW acquired more shares again at 2.387 today, seems like he is very confident with the company's worth 22/12/2023 11:00 PM SincereStock MCEHLDG small company engine also start already, APM want wait apa lol? autoparts industry prospects is good now 28/12/2023 3:50 PM SincereStock @GreatDreamer cannot judge it's worth base on it's current dividend yield as current dividend payout is merely 60%, plus it's EPS still has enormous room to improve base on it's previous record make no sense that it's price still far behind MCEHLDG, as APM is bigger company, with better EPS, and more than 3x higher NTA (consist of net cash balance) I would like to judge the company's worth and set TP base on it's next QR 02/01/2024 11:04 PM SincereStock @Nepo what kind of great news we expect here? I think it's great fundamental & great automobile & autoparts prospects is more than enough to justify the price movement? but of course if there is good news like privatization offer would be better so that I can easily set TP lol anyway, gogo catch up with MCEHLDG 03/01/2024 10:02 AM  ks55 Good news for APM: 1. Good quarterly result. 2. High tangible asset per share. Properties never revalue for 30 years. 3. Record car sales. Good for components supplier and APM is the riding on this. 4. High dividend pay out. Boss is not known for self-enrichment practices like Jaks, but a generous person. 5. Potential privatise target as intrinsic valuation could be more than rm 15. 03/01/2024 10:38 AM SS13 Undervalued counter. Uptrend in qtr profit. Healthy reserves. Good dividends. 06/01/2024 1:35 PM  speakup i was at Icap investor meeting last year, attended the talk by APM CEO. he said limited growth wor 06/01/2024 1:44 PM SS13 Extract from last qtr results:- The automotive industry in Malaysia recorded a strong performance during the first nine months of 2023. As reported by the Malaysian Automotive Association (MAA), the total industry volume ("TIV") for the first nine months of 2023 stands at 571,767 units, which is an increase of 11.1% or 57,318 units compared to the same period last year. Based on the trajectory, the TIV for 2023 is expected to achieve the forecast of 725,000 units set by the MAA in July 2023. The upward momentum in the TIV is mainly supported by, among others, high level of backorder bookings, improvement in the automotive industry supply chain environment and new model launches. The Group is maintaining a cautiously optimistic outlook and expects orders to remain strong due to backorder bookings as well as the launch of new models during the year. 06/01/2024 1:54 PM GreatDreamer APM outlook look better now as USD seem peak. APM is a price taker. Proton n Peradua etc offer APM very low margin. When RM drop (or other cost up), APM have to absorb cost n suffer loss. Subsequently, APM will get price adjustment upward. APM have a few Foreign technology JV partners where their products fetch higher margin. 06/01/2024 3:38 PM  rajachulan And so, anchovies shall follow APM share price trend cautiously. Posted by SS13 > 8 hours ago | Report Abuse Extract from last qtr results:- The automotive industry in Malaysia recorded a strong performance during the first nine months of 2023. As reported by the Malaysian Automotive Association (MAA), the total industry volume ("TIV") for the first nine months of 2023 stands at 571,767 units, which is an increase of 11.1% or 57,318 units compared to the same period last year. Based on the trajectory, the TIV for 2023 is expected to achieve the forecast of 725,000 units set by the MAA in July 2023. The upward momentum in the TIV is mainly supported by, among others, high level of backorder bookings, improvement in the automotive industry supply chain environment and new model launches. The Group is maintaining a cautiously optimistic outlook and expects orders to remain strong due to backorder bookings as well as the launch of new models during the year. 06/01/2024 10:53 PM SincereStock @speakup I am not sure about the limited growth statement. regardless, I see price now is undervalue even without any further growth potential, maintaining it's business profitability at it's max capacity already can make it's price worth at least it's NTA at above RM6, which the company market price has been many years ago. This is not even considered that the company is now at much much better financial state compare to when the share price at Rm6 above during 2014. 07/01/2024 11:33 AM SincereStock I am not saying that the company will revisit RM6 price (not imposible though but still hard), but only stating it's supposed intrinsic value if the company can remain profitability let's say average of at least 8 EPS per QR and slight improve in dividend to at least 6% above 07/01/2024 11:36 AM SincereStock sometime investors looked too much into the future and forget about the current undervalue state of the company's price 07/01/2024 11:38 AM speakup @sincerestock, not I say one. This was what the CEO answered to a question from the floor during the ICAP investor day last year at Klcc 07/01/2024 12:16 PM SincereStock @speakup I know, I am not query for validity of the statement, instead I am stating that it doesn't matter much whether the statement is true or not, kindly read my explanation above, thank you 07/01/2024 12:38 PM speakup Yup. It doesn't matter whether it is a black cat brown cat white cat as long as it catches mouse. - Deng Xiao Ping 07/01/2024 12:43 PM SincereStock take a few profit at 2.85, still got a few left, needed the cash, thank you whoever you are willing to buy from higher bid today 17/01/2024 4:45 PM SincereStock very hard to decide my last TP here, tempting to sell but seems like better wait and see next QR first 29/01/2024 11:07 AM ks55 APM is leader of component OEM. Highly automated. More car sales, more components required. Just read the profit trend to make sure you are not leaving behind. 30/01/2024 9:35 AM SincereStock @KingKKK thanks for the video @ks55 agreed next QR is important to prove it's ability to generate good profit when cars demand is high anything similar (if not better) than current QR is anticipated 30/01/2024 11:28 AM G-boy for my understanding.. next QR will be not as good as this QR, because this QR some profit is came from recovery of tooling cost, it is one gain if not mistaken.. but i still hold this stock since 2.3 till now... plan to avg up before this QR release.. betting PB will back to normal and maybe a surprise special div will be given! 01/02/2024 11:33 AM G-boy But i hope recovery tooling cost is just small part of the profit la.. continue monitor in coming QR My own TP is break historical high 6.5 01/02/2024 11:41 AM G-boy From the technical chart, It form reverse head and shoulder and breakout. now heading to previous resistance 3.3-4.2 range 01/02/2024 11:44 AM KingKKK Hi all, please find below my latest blog on APM which I think is An UNDERVALUED GEM Revving Up For Growth! https://klse.i3investor.com/web/blog/detail/bestStocks/2024-02-03-story-h-189341481-APM_An_UNDERVALUED_GEM_Revving_Up_For_Growth_KingKKK_Intrinsic_Value_RM 03/02/2024 4:14 PM KingKKK Proton sold 12,882 units in January, best start to year since 2013 https://theedgemalaysia.com/node/699853 Looks like Total Industry Volume (TIV) is going to increase in January against Jan 2023. This is positive to APM. 05/02/2024 5:30 PM teknikal Stock in uptrend with MA20 higher than MA50 and MA200. Support is RM2.82 Resistance RM3.10 07/02/2024 10:24 AM KingKKK Vehicle sales up 31% to 50,168 units in January https://www.thestar.com.my/business/business-news/2024/02/20/vehicle-sales-up-31-to-50168-units-in-january Despite many experts predict that 2024 TIV will drop against 2023, January sales jumped 31% ! This is positive to auto parts maker like APM. I maintain my intrinsic value of RM4.66 for APM https://klse.i3investor.com/web/blog/detail/bestStocks/2024-02-03-story-h-189341481-APM_An_UNDERVALUED_GEM_Revving_Up_For_Growth_KingKKK_Intrinsic_Value_RM 20/02/2024 4:52 PM SincereStock autoparts, regardless which part seems to have announced better QR so far due to improved automotive sector of our country. HIL & NOTION are few of the examples 23/02/2024 11:41 AM ks55 APM is about to release its 4th QR. Expecting to be super good due to record car sales for 2023...... 27/02/2024 4:43 PM SincereStock can catch up with NHFATT's price with 2 better most recents QR and better total dividend per share? 27/02/2024 5:54 PM G-boy dividend back to 2013 2014.... luckily they manage to increase price to improve profit margin 27/02/2024 11:04 PM KingKKK My latest update on APM: https://klse.i3investor.com/web/blog/detail/bestStocks/2024-03-14-story-h-186455664-APM_Moderating_growth_assumption_KingKKK_New_Intrinsic_Value_is_RM3_80 14/03/2024 8:17 PM KingKKK TIV for February is the first drop in 8 months, my latest update on APM: https://klse.i3investor.com/web/blog/detail/bestStocks/2024-03-21-story-h-185650473-APM_Latest_TIV_drop_to_affect_growth_New_TP_RM3_00 21/03/2024 8:41 AM  |
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