KLSE: METROD (6149)       METROD HOLDINGS BERHAD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.25   0.00 (0.00%)  0.00 - 0.00  0
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Market Cap: 150 Million
NOSH: 120 Million
Avg Volume (4 weeks):1,785
4 Weeks Range:1.25 - 1.33
4 Weeks Price Volatility (%):
52 Weeks Range:1.15 - 1.52
52 Weeks Price Volatility (%):
Average Price Target: 2.72
Price Target Upside/Downside: +1.47
Stamp duty exempted for year 2023

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#4]  |  28-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  30-May-2023
T4Q P/E | EY: 8.80  |  11.36%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 3.4358  |  0.36
T4Q NP Margin | ROE: 0.62%  |  4.13%


No recent Headlines for this stock.

Business Background

Metrod Holdings Bhd is an investment holding company. Along with its subsidiaries, the company is engaged in manufacturing and marketing of electrical conductivity grade copper wires. It operates in two business segments Copper Business segment includes procurement of raw materials, manufacturing, and marketing of electrical conductivity grade copper wires, rods, and strips. Its products include copper rod, copper wire, copper strip and copper profile. Its products are used in cables, magnet wire, welding wire, transformers, and lightning protection. And Hotel operations. The company derives the majority of the revenue from Copper Business. Its Copper Business has operations in Malaysia while it has Hotel operations in India.
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Bull13 Latest....boardroom fighting
26/04/2019 9:07 PM
vinext Southern Cable Group BHD IPO 71.2m, 34c:
CABLE and wire manufacturer, 6% mkt share.
to expand production capacity of cables and wires and plastic compound materials A)RM30 mil for capital expenditure and expansion.
(Of this, RM18.5 mil is to purchase and upgrade machinery ,equipment,
RM7.5 mil is to construct new factories ,
RM4.0 mil is to fund the purchase and installation of ERP).
B) RM27.5 mil as working capital
C) RM9.2 mil will be utilised for repayment of bank borrowings and RM4.5 mil would be to defray estimated listing expenses.
22.5% expansion in km of cables & wires:
“The construction of the 2new factories near our current production plants in Kuala Ketil, Kedah, would increase our total built-up area from more than 416,000 square feet to more than 480,000 square feet, new machines and upgrade in current factory, this will expand our total production capacity by 9,050 kilometres of cables and wires to 40,130 kilometres of cables and wires per year by the first half of 2022,” Tung explained.
PVC compound material to expand by 35%:
“To support the higher production capacity, we are setting up a new polyvinyl chloride (PVC) compound production plant next to our current factory in Sungai Petani, Kedah, by first half of 2022. With this plant, our manufacturing capacity of PVC compound material is targeted to increase by 4,200 tonnes to 12,000 tonnes.
Southern Cable’s IPO entails a public issue of 209.3 million new shares and offer for sale of 20.0 million existing shares at an issue price of RM0.34 per share.
Out of 209.3 million new shares, 40.0 million shares will be for application by the Malaysian public, and 22.0 million shares for application by eligible directors, employees and persons who have contributed to the success of the Group. 67.3 million shares under the public issue are allocated for private placement to selected investors and the remaining 80.0 million shares to identified Bumiputera investors approved by the Ministry of International Trade and Industry.
Meanwhile, 20.0 million existing shares would be offered for sale by way of private placement to selected investors.
market size for the manufacture of electric and electronic cables and wires in Malaysia was valued at RM10.3 billion and Southern Cable commanded 6% for the manufacture of electric and electronic cables and wires in Malaysia.
Southern Cable manufactures cables and wires that are used for power distribution and transmission, communications as well as control and instrumentation applications.
The key supporting activities for the cable and wire manufacturing operations include furnace and casting operations and manufacturing of plastic compounds.
The company services various industry sectors such as power distribution and transmission, telecommunications, building and construction, infrastructure, manufacturing and processing industries including oil and gas processing and petrochemical plants.
The Group’s customers include Tenaga Nasional Berhad and Telekom Malaysia Berhad, and has supplied cables and wires for RAPID in Pengerang, Johor, and MRT Sungai Buloh – Kajang (MRT1) projects. – Sept 29, 2020
29/09/2020 6:58 PM
mhanaS https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/copper-supply-faces-struggle-to-keep-up-with-growing-demand-60471925

Higher copper prices may be a boon to some, but perhaps a bane to Metrod.
22/10/2020 6:11 PM
bb0808 Buy
21/02/2021 4:21 PM
oldchinaman Metrod inventory as at 30 sept 20 value rm 479,608,000
Copper price 18% increase from 1.oct to 31.dec 20
15% from 1.1.21 to today
22/02/2021 3:45 PM
allanHuat All in. You will get reward within a month.
22/02/2021 7:50 PM
Goreng Saham Nice. If wait results lagi explosive
24/02/2021 9:48 AM
Goreng Saham No joke but might hit limit up today. let's see.
24/02/2021 9:53 AM
allanHuat Refer to my 22/02/2021 post, you guys are well rewarded. Good Luck!
24/02/2021 9:53 AM
allanHuat Within two days. My EP 1.38
24/02/2021 9:54 AM
deon1987 hopefully can go beyond rm2
24/02/2021 3:25 PM
deon1987 copper price had been so high now so can buy this stock
25/02/2021 11:31 AM
GemenchehLawyer See the track record, this share hardly have transactions. Only these few days got some retailers play around. Those stayed high floor, feel sorry for you all.
26/02/2021 3:36 PM
Snake Buy & keep
06/03/2021 8:06 PM
Jokers2020 metrod qr result will be excellent with copper price up
27/04/2021 3:11 PM
wallstreetrookie Umm Metrod doesn’t own copper mines though. But anyways fund managers still can use the “copper price UP UP UP” narrative to trap retailers
27/04/2021 4:30 PM
wallstreetrookie Metrod is a manufacturer and not a miner
27/04/2021 4:30 PM
wallstreetrookie Malaysia Smelting Corporation all the way
27/04/2021 4:30 PM
wallstreetrookie Buy quietly thooo....
27/04/2021 7:58 PM
wallstreetrookie if people talk about a stock on i3, share price will go up. Because IB uses Bloomberg Sentiment Analysis Index.
27/04/2021 7:59 PM
JayC88 lol i dunwan MSC la. i am sticking with metrod!
27/04/2021 8:11 PM
Power Gain TP 1.90-2.00
28/04/2021 12:54 AM
Jokers2020 cheers..metrod limit up today..next will be Tawin..copper theme
28/04/2021 9:25 AM
wallstreetrookie buy both MSC and Metrod. Metrod used to be the king of copper in Malaysia even though they are manufacturer but they still own a lot and has the capability to control their raw material cost while still making a profit. The rise in share price has a lot of reasons and is not a pump and dump
28/04/2021 9:33 AM
tpcourt123 LU???
28/04/2021 9:38 AM
wallstreetrookie no this share not pump and dump won't limit up
28/04/2021 9:40 AM
wkkht METROD - Notice of Book Closure

Final Single Tier Dividend of 6 sen per share in respect of the financial year ended 31 December 2020

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 26 Aug 2021
2) The last date of lodgment : 27 Aug 2021
3) Date Payable : 24 Sep 2021


The proposed Final Single Tier Dividend will be subject to the shareholders' approval at the forthcoming Annual General Meeting of the Company. Par value is no longer relevant due to the migration to the no par value regime under the Companies Act 2016
28/04/2021 3:23 PM
yiqqre Tomorrow will continue to rise.
28/04/2021 3:29 PM
LOOK009 http://news.10jqka.com.cn/20210428/c628943128.shtml

2021-04-28 14:44:48 来源: 建信期货


  研究员:张平 从业资格号:F3015713

  一、 事件


  二、 点评




28/04/2021 4:23 PM
Jokers2020 metrod trending up..go go limit up
30/04/2021 4:04 PM
kentrade888 https://www.enanyang.my/%E5%A4%A7%E6%95%B0%E6%8D%AE/%E2%80%9C%E6%96%B0%E7%9F%B3%E6%B2%B9%E2%80%9D%E5%B0%86%E4%B8%BB%E5%AE%B0%E6%9C%AA%E6%9D%A5%E7%BB%8F%E6%B5%8E%EF%BC%9F?fbclid=IwAR2-44Iy6UwHQ7fhpITxFzZBk0Xoa_x7LGMZJXaED32mCFCx2japZGnQBcU

综合整理|郑美励 图|Pixabay



今年4月23日(星期五),纽约5月铜矿期货价格登上逾 9 年最高收盘价,收每磅4.336美元(约17令吉92仙),为 2011年8月以来最高收盘价,已是连续第3周收高。在伦敦金属交易所买卖的期铜,收涨150美元(约620令吉),报每吨9552美元(约3万9479令吉)。










此前,顶尖金属贸易商Trafigura Group也预测,铜价将创下突破每吨1万100美元(约4万1743令吉)的历史新高。这两家机构预测的核心内容都是:除非价格大幅上涨以刺激供应,否则未来几年铜市场陷入严重短缺。美国和中国的全球数一数二的铜消费大国。

知多一点: 铜的重要性


30/04/2021 4:17 PM
yiqqre Will there be five limit UP next week. ha-ha!
30/04/2021 4:25 PM
loongken Next week limit up.
30/04/2021 9:37 PM
shlyw This counter will rebound strongly today.
05/05/2021 8:51 AM
thesteward https://www.cnbc.com/2021/05/06/copper-is-the-new-oil-and-could-hit-20000-per-ton-analysts-say.html
06/05/2021 8:35 PM
thesteward Stay tune ....soon
06/05/2021 8:36 PM
Kinos Metrod was the largest copper company in Malaysia
07/05/2021 12:58 PM
thesteward Yes king of copper once break 1.84 could fly to new level
07/05/2021 3:49 PM
goody99 copper is their raw material. Metrod doesn’t own copper mines and they have to buy copper to manufacture copper wires. Cooper price has increased so their cost is higher now. We can not expect they earn like MSC (who operates a mine). We also can not expect they earn like steel counters. Why? If you take a look of the margin of Metrod and Tawin, you will see their margin is really low, as it is less than 1% for the last 5 years (the highest is 3.8% in the last 10 years). In fact, here is what the management told us in the last quarterly report:

"LME copper prices have increased sharply. Credit, commercial and security risks are
expected to remain high due to volatile copper prices and currency and the uncertainties
surrounding weak economic sentiment and forecasts. Margins remain under significant
pressure. The Group is able to manage the copper and exchange exposure due to its
hedging policies."


I just hope people understand what they pay for before they buy this counter. Some people may have bought this counter because of the wrong reason. They may have bought this counter as they notice the price of copper has increased and so they expect their earnings will be excellent. My expectation about their future earnings is pretty low as their cost is higher due to higher copper price and based on their history.
15/05/2021 11:35 AM
risktoreward metrod @ 1.48
23/08/2021 11:45 AM
Kang Yao revenue steadily climbing for 2 consecutive qtrs.
positive free cash flow for 2 consecutive qtrs around 70mm per qtr (after paying borrowing interest)
net debt decrease from 1b in Q1 to 853mm in Q3.
Metrod is a capital intensive business, their net debt is on par with working capital required, which points to management is pretty good in capital management.

if Metrod could keep churning out FCF of 200mm a year from now on, within 4 years they would be able to pay off their debt(althour unlikely as better to borrow and grow) and operates the largest mill of the region.

total shares issued is mere 120mm, FCF200mm means that's RM1.60 FCF per share, way more than their current share price...

If the FCF could sustain, METROD will worth ~RM10 based on 6X FCF.
25/11/2021 2:45 PM

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