Highlights
KLSE: ELKDESA (5228)       ELK-DESA RESOURCES BERHAD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
1.26   0.00 (0.00%)  1.25 - 1.27  22,800
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Financials


Market Cap: 573 Million

Market Cap 573 Million
NOSH 455 Million

Latest Audited Result:  31-Mar-2023

Latest Audited Result: 31-Mar-2023
Announcement Date 18-Jul-2023
Next Audited Result: 31-Mar-2024
Est. Ann. Date: 18-Jul-2024
Est. Ann. Due Date: 27-Sep-2024

Latest Quarter:  31-Dec-2023 [#3]

Latest Quarter: 31-Dec-2023 [#3]
Announcement Date 22-Feb-2024
Next Quarter: 31-Mar-2024
Est. Ann. Date: 22-May-2024
Est. Ann. Due Date: 30-May-2024
QoQ | YoY   8.68%  |    -13.61%

Annual (Unaudited) ( EPS: 10.50, P/E: 12.00 )

Revenue | NP to SH 155,242  |  47,735
RPS | P/RPS 34.13 Cent  |  3.69
EPS | P/E | EY 10.50 Cent  |  12.00  |  8.33%
DPS | DY | Payout % 6.50 Cent  |  5.16%  |  61.93%
NAPS | P/NAPS 1.04  |  1.21
YoY   85.21%
NP Margin | ROE 30.75%  |  10.09%
F.Y. | Ann. Date 31-Mar-2023  |  22-May-2023

T4Q Result ( EPS: 7.57, P/E: 16.64 )

Revenue | NP to SH 161,437  |  34,442
RPS | P/RPS 35.50 Cent  |  3.55
EPS | P/E | EY 7.57 Cent  |  16.64  |  6.01%
DPS | DY | Payout % 5.50 Cent  |  4.37%  |  72.63%
NAPS | P/NAPS 1.04  |  1.21
QoQ | YoY   -4.21%  |    -24.77%
NP Margin | ROE 21.33%  |  7.28%
F.Y. | Ann. Date 31-Dec-2023  |  22-Feb-2024

Annualized Result ( EPS: 7.91, P/E: 15.95 )

Revenue | NP to SH 161,521  |  35,932
RPS | P/RPS 35.51 Cent  |  3.55
EPS | P/E | EY 7.91 Cent  |  15.95  |  6.27%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   3.60%  |    -33.03%
NP Margin | ROE 22.25%  |  7.60%
F.Y. | Ann. Date 31-Dec-2023  |  22-Feb-2024


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Mar-2024 22-Feb-2024 31-Dec-2023 3 42,766 13,000 9,608 9,608 - 473,000 - % 22.47% 2.03% 454,808 9.40 9.40 2.11 2.11 0.00 0.00 1.0400 1.04   8.68%   -13.61% 29-Dec-2023 1.25 13.29 59.17 1.20 1.69% 0.00% 22-Feb-2024 1.21 12.87 57.28 1.16 1.75% 0.00%
31-Mar-2024 16-Nov-2023 30-Sep-2023 2 39,200 11,827 8,841 8,841 9,096 473,000 102.89% 22.55% 1.87% 454,808 8.62 8.62 1.94 1.94 2.00 2.00 1.0400 1.04   4.00%   -23.30% 29-Sep-2023 1.34 15.55 68.93 1.29 1.45% 1.49% 16-Nov-2023 1.31 15.20 67.39 1.26 1.48% 1.53%
31-Mar-2024 23-Aug-2023 30-Jun-2023 1 39,176 11,110 8,501 8,501 - 463,904 - % 21.70% 1.83% 454,808 8.61 8.61 1.87 1.87 0.00 0.00 1.0200 1.02   13.47%   -51.68% 30-Jun-2023 1.26 14.63 67.41 1.24 1.48% 0.00% 23-Aug-2023 1.25 14.51 66.88 1.23 1.50% 0.00%
31-Mar-2023 22-May-2023 31-Mar-2023 4 40,295 9,955 7,492 7,492 15,918 473,000 212.47% 18.59% 1.58% 454,808 8.86 8.86 1.65 1.65 3.50 3.50 1.0400 1.04   -32.64%   35.31% 31-Mar-2023 1.15 12.98 69.81 1.11 1.43% 3.04% 22-May-2023 1.19 13.43 72.24 1.14 1.38% 2.94%
31-Mar-2023 16-Feb-2023 31-Dec-2022 3 39,954 14,751 11,122 11,122 - 463,906 - % 27.84% 2.40% 303,207 13.18 8.78 3.67 2.45 0.00 0.00 1.5300 1.02   -3.51%   5.74% 30-Dec-2022 1.59 12.07 43.35 1.04 2.31% 0.00% 16-Feb-2023 1.70 12.90 46.35 1.11 2.16% 0.00%
31-Mar-2023 16-Nov-2022 30-Sep-2022 2 36,038 15,228 11,527 11,527 13,644 466,938 118.37% 31.99% 2.47% 303,207 11.89 7.92 3.80 2.53 4.50 3.00 1.5400 1.03   -34.48%   142.57% 30-Sep-2022 1.33 11.19 34.98 0.86 2.86% 3.38% 16-Nov-2022 1.42 11.95 37.35 0.92 2.68% 3.17%
31-Mar-2023 19-Aug-2022 30-Jun-2022 1 38,955 23,374 17,594 17,594 - 452,510 - % 45.16% 3.89% 301,673 12.91 8.57 5.83 3.87 0.00 0.00 1.5000 0.99   217.75%   254.22% 30-Jun-2022 1.29 9.99 22.12 0.86 4.52% 0.00% 19-Aug-2022 1.35 10.45 23.15 0.90 4.32% 0.00%
31-Mar-2022 20-May-2022 31-Mar-2022 4 35,960 7,531 5,537 5,537 9,671 446,397 174.68% 15.40% 1.24% 297,598 12.08 7.91 1.86 1.22 3.25 2.13 1.5000 0.98   -47.36%   -60.91% 31-Mar-2022 1.33 11.01 71.48 0.89 1.40% 2.44% 20-May-2022 1.28 10.59 68.80 0.85 1.45% 2.54%
31-Mar-2022 18-Feb-2022 31-Dec-2021 3 38,199 14,123 10,518 10,518 - 443,409 - % 27.53% 2.37% 297,590 12.84 8.40 3.53 2.31 0.00 0.00 1.4900 0.97   121.34%   15.79% 31-Dec-2021 1.32 10.28 37.35 0.89 2.68% 0.00% 18-Feb-2022 1.32 10.28 37.35 0.89 2.68% 0.00%
31-Mar-2022 18-Nov-2021 30-Sep-2021 2 23,362 6,329 4,752 4,752 5,951 437,429 125.24% 20.34% 1.09% 297,571 7.85 5.14 1.60 1.04 2.00 1.31 1.4700 0.96   -4.33%   -55.99% 30-Sep-2021 1.36 17.32 85.16 0.93 1.17% 1.47% 18-Nov-2021 1.37 17.45 85.79 0.93 1.17% 1.46%
31-Mar-2022 19-Aug-2021 30-Jun-2021 1 31,373 6,911 4,967 4,967 - 431,207 - % 15.83% 1.15% 297,384 10.55 6.90 1.67 1.09 0.00 0.00 1.4500 0.95   -64.93%   116.24% 30-Jun-2021 1.35 12.80 80.83 0.93 1.24% 0.00% 19-Aug-2021 1.34 12.70 80.23 0.92 1.25% 0.00%
31-Mar-2021 20-May-2021 31-Mar-2021 4 38,751 17,535 14,163 14,163 14,118 442,862 99.68% 36.55% 3.20% 297,223 13.04 8.52 4.77 3.11 4.75 3.10 1.4900 0.97   55.91%   115.70% 31-Mar-2021 1.37 10.51 28.75 0.92 3.48% 3.47% 1.37 10.51 28.75 0.92 3.48% 3.47%
31-Mar-2021 18-Feb-2021 31-Dec-2020 3 37,205 12,390 9,084 9,084 - 427,959 - % 24.42% 2.12% 297,193 12.52 8.18 3.06 2.00 0.00 0.00 1.4400 0.94   -15.87%   -3.69% 31-Dec-2020 1.45 11.58 47.44 1.01 2.11% 0.00% 18-Feb-2021 1.42 11.34 46.46 0.99 2.15% 0.00%
31-Mar-2021 19-Nov-2020 30-Sep-2020 2 37,394 13,384 10,797 10,797 7,429 424,961 68.81% 28.87% 2.54% 297,175 12.58 8.22 3.63 2.37 2.50 1.63 1.4300 0.93   370.05%   12.28% 30-Sep-2020 1.36 10.81 37.43 0.95 2.67% 1.84% 19-Nov-2020 1.39 11.05 38.26 0.97 2.61% 1.80%
31-Mar-2021 13-Aug-2020 30-Jun-2020 1 30,402 3,008 2,297 2,297 - 416,006 - % 7.56% 0.55% 297,147 10.23 6.68 0.77 0.51 0.00 0.00 1.4000 0.91   -65.02%   -75.23% 30-Jun-2020 1.33 13.00 172.05 0.95 0.58% 0.00% 13-Aug-2020 1.44 14.07 186.28 1.03 0.54% 0.00%
31-Mar-2020 09-Jun-2020 31-Mar-2020 4 37,500 9,160 6,566 6,566 11,142 424,919 169.71% 17.51% 1.55% 297,146 12.62 8.25 2.21 1.44 3.75 2.45 1.4300 0.93   -30.39%   -22.86% 31-Mar-2020 1.16 9.19 52.50 0.81 1.90% 3.23% 09-Jun-2020 1.42 11.25 64.26 0.99 1.56% 2.64%
31-Mar-2020 18-Feb-2020 31-Dec-2019 3 38,654 13,251 9,432 9,432 - 418,928 - % 24.40% 2.25% 297,112 13.01 8.50 3.17 2.07 0.00 0.00 1.4100 0.92   -1.91%   22.29% 31-Dec-2019 1.65 12.68 51.98 1.17 1.92% 0.00% 18-Feb-2020 1.67 12.84 52.61 1.18 1.90% 0.00%
31-Mar-2020 19-Nov-2019 30-Sep-2019 2 36,624 12,829 9,616 9,616 10,391 418,647 108.07% 26.26% 2.30% 296,913 12.33 8.05 3.24 2.11 3.50 2.28 1.4100 0.92   3.68%   11.55% 30-Sep-2019 1.64 13.30 50.64 1.16 1.97% 2.13% 19-Nov-2019 1.73 14.03 53.42 1.23 1.87% 2.02%
31-Mar-2020 22-Aug-2019 30-Jun-2019 1 35,192 12,283 9,275 9,275 - 408,939 - % 26.36% 2.27% 296,332 11.88 7.74 3.13 2.04 0.00 0.00 1.3800 0.90   8.96%   14.92% 28-Jun-2019 1.52 12.80 48.56 1.10 2.06% 0.00% 22-Aug-2019 1.66 13.98 53.04 1.20 1.89% 0.00%
31-Mar-2019 21-May-2019 31-Mar-2019 4 32,464 11,419 8,512 8,512 10,365 411,643 121.77% 26.22% 2.07% 296,146 10.96 7.14 2.87 1.87 3.50 2.28 1.3900 0.91   10.36%   7.61% 29-Mar-2019 1.39 12.68 48.36 1.00 2.07% 2.52% 21-May-2019 1.38 12.59 48.01 0.99 2.08% 2.54%
31-Mar-2019 21-Feb-2019 31-Dec-2018 3 31,114 10,075 7,713 7,713 - 401,953 - % 24.79% 1.92% 295,553 10.53 6.84 2.61 1.70 0.00 0.00 1.3600 0.88   -10.52%   10.15% 31-Dec-2018 1.20 11.40 45.98 0.88 2.17% 0.00% 21-Feb-2019 1.34 12.73 51.35 0.99 1.95% 0.00%
31-Mar-2019 13-Nov-2018 30-Sep-2018 2 30,995 11,590 8,620 8,620 10,274 405,100 119.19% 27.81% 2.13% 293,551 10.56 6.81 2.94 1.90 3.50 2.26 1.3800 0.89   6.80%   44.61% 28-Sep-2018 1.19 11.27 40.53 0.86 2.47% 2.94% 13-Nov-2018 1.18 11.18 40.18 0.86 2.49% 2.97%
31-Mar-2019 16-Aug-2018 30-Jun-2018 1 28,822 10,721 8,071 8,071 - 400,122 - % 28.00% 2.02% 287,857 10.01 6.34 2.80 1.77 0.00 0.00 1.3900 0.88   2.04%   59.82% 29-Jun-2018 1.16 11.59 41.37 0.83 2.42% 0.00% 16-Aug-2018 1.19 11.89 42.44 0.86 2.36% 0.00%
31-Mar-2018 24-May-2018 31-Mar-2018 4 27,696 10,802 7,910 7,910 9,995 396,960 126.36% 28.56% 1.99% 285,583 9.70 6.09 2.77 1.74 3.50 2.20 1.3900 0.87   12.97%   23.21% 30-Mar-2018 1.19 12.27 42.96 0.86 2.33% 2.94% 24-May-2018 1.16 11.96 41.88 0.83 2.39% 3.02%
31-Mar-2018 22-Feb-2018 31-Dec-2017 3 25,896 9,544 7,002 7,002 - 387,580 - % 27.04% 1.81% 284,985 9.09 5.69 2.46 1.54 0.00 0.00 1.3600 0.85   17.46%   23.49% 29-Dec-2017 1.19 13.10 48.43 0.88 2.06% 0.00% 22-Feb-2018 1.15 12.66 46.81 0.85 2.14% 0.00%
31-Mar-2018 16-Nov-2017 30-Sep-2017 2 24,964 8,090 5,961 5,961 7,972 343,432 133.74% 23.88% 1.74% 245,308 10.18 5.49 2.43 1.31 3.25 1.75 1.4000 0.76   18.04%   10.16% 29-Sep-2017 1.17 11.50 48.15 0.84 2.08% 2.78% 16-Nov-2017 1.20 11.79 49.38 0.86 2.03% 2.71%
31-Mar-2018 18-Aug-2017 30-Jun-2017 1 25,571 6,899 5,050 5,050 - 336,666 - % 19.75% 1.50% 230,593 11.09 5.62 2.19 1.11 0.00 0.00 1.4600 0.74   -21.34%   -8.18% 30-Jun-2017 1.22 11.00 55.71 0.84 1.80% 0.00% 18-Aug-2017 1.16 10.46 52.97 0.79 1.89% 0.00%
31-Mar-2017 18-May-2017 31-Mar-2017 4 24,850 8,209 6,420 6,420 8,053 333,655 125.45% 25.84% 1.92% 230,107 10.80 5.46 2.79 1.41 3.50 1.77 1.4500 0.73   13.23%   25.64% 31-Mar-2017 1.17 10.83 41.94 0.81 2.38% 2.99% 18-May-2017 1.19 11.02 42.65 0.82 2.34% 2.94%
31-Mar-2017 16-Feb-2017 31-Dec-2016 3 25,119 7,605 5,670 5,670 - 326,592 - % 22.57% 1.74% 226,800 11.08 5.52 2.50 1.25 0.00 0.00 1.4400 0.72   4.79%   20.13% 30-Dec-2016 1.17 10.56 46.80 0.81 2.14% 0.00% 16-Feb-2017 1.15 10.38 46.00 0.80 2.17% 0.00%
31-Mar-2017 10-Nov-2016 30-Sep-2016 2 22,525 7,268 5,411 5,411 7,177 320,242 132.65% 24.02% 1.69% 220,857 10.20 4.95 2.45 1.19 3.25 1.58 1.4500 0.70   -1.62%   34.13% 30-Sep-2016 1.17 11.47 47.76 0.81 2.09% 2.78% 10-Nov-2016 1.16 11.37 47.35 0.80 2.11% 2.80%
31-Mar-2017 26-Aug-2016 30-Jun-2016 1 21,994 7,484 5,500 5,500 - 286,956 - % 25.01% 1.92% 183,946 11.96 4.84 2.99 1.21 0.00 0.00 1.5600 0.63   7.63%   11.70% 30-Jun-2016 1.21 10.12 40.47 0.78 2.47% 0.00% 26-Aug-2016 1.21 10.12 40.47 0.78 2.47% 0.00%
31-Mar-2016 20-May-2016 31-Mar-2016 4 17,898 7,207 5,110 5,110 6,146 323,106 120.27% 28.55% 1.58% 175,601 10.19 3.94 2.91 1.12 3.50 1.35 1.8400 0.71   8.26%   -0.80% 31-Mar-2016 1.25 12.26 42.96 0.68 2.33% 2.80% 20-May-2016 1.25 12.26 42.96 0.68 2.33% 2.80%
31-Mar-2016 18-Feb-2016 31-Dec-2015 3 17,024 6,223 4,720 4,720 5,217 295,401 110.54% 27.73% 1.60% 160,544 10.60 3.74 2.94 1.04 3.25 1.15 1.8400 0.65   17.01%   -2.54% 31-Dec-2015 1.25 11.79 42.52 0.68 2.35% 2.60% 18-Feb-2016 1.30 12.26 44.22 0.71 2.26% 2.50%
31-Mar-2016 13-Nov-2015 30-Sep-2015 2 15,231 5,366 4,034 4,034 - 261,096 - % 26.49% 1.55% 123,742 12.31 3.35 3.26 0.89 0.00 0.00 2.1100 0.57   -18.07%   -1.66% 30-Sep-2015 1.26 10.24 38.65 0.60 2.59% 0.00% 13-Nov-2015 1.26 10.24 38.65 0.60 2.59% 0.00%
31-Mar-2016 24-Aug-2015 30-Jun-2015 1 14,014 6,527 4,924 4,924 - 254,948 - % 35.14% 1.93% 124,974 11.21 3.08 3.94 1.08 0.00 0.00 2.0400 0.56   -4.41%   4.77% 30-Jun-2015 1.42 12.66 36.04 0.70 2.77% 0.00% 24-Aug-2015 1.37 12.22 34.77 0.67 2.88% 0.00%
31-Mar-2015 21-May-2015 31-Mar-2015 4 14,487 7,167 5,151 5,151 9,376 260,050 182.04% 35.56% 1.98% 125,024 11.59 3.19 4.12 1.13 7.50 2.06 2.0800 0.57   6.36%   35.73% 31-Mar-2015 1.39 12.00 33.74 0.67 2.96% 5.40% 21-May-2015 1.46 12.60 35.44 0.70 2.82% 5.14%
31-Mar-2015 12-Feb-2015 31-Dec-2014 3 14,354 6,473 4,843 4,843 - 255,289 - % 33.74% 1.90% 125,142 11.47 3.16 3.87 1.06 0.00 0.00 2.0400 0.56   18.06%   22.98% 31-Dec-2014 1.42 12.38 36.69 0.70 2.73% 0.00% 12-Feb-2015 1.44 12.55 37.21 0.71 2.69% 0.00%
31-Mar-2015 13-Nov-2014 30-Sep-2014 2 14,886 5,543 4,102 4,102 - 250,121 - % 27.56% 1.64% 125,060 11.90 3.27 3.28 0.90 0.00 0.00 2.0000 0.55   -12.72%   2.32% 30-Sep-2014 1.52 12.77 46.34 0.76 2.16% 0.00% 13-Nov-2014 1.50 12.60 45.73 0.75 2.19% 0.00%
31-Mar-2015 20-Aug-2014 30-Jun-2014 1 13,888 6,303 4,700 4,700 - 254,999 - % 33.84% 1.84% 125,000 11.11 3.05 3.76 1.03 0.00 0.00 2.0400 0.56   23.85%   0.88% 30-Jun-2014 1.53 13.77 40.69 0.75 2.46% 0.00% 20-Aug-2014 1.63 14.67 43.35 0.80 2.31% 0.00%
31-Mar-2014 21-May-2014 31-Mar-2014 4 13,383 5,478 3,795 3,795 9,362 167,279 246.71% 28.36% 2.27% 124,835 10.72 2.94 3.04 0.83 7.50 2.06 1.3400 0.37   -3.63%   23.82% 31-Mar-2014 1.36 12.69 44.74 1.01 2.24% 5.51% 21-May-2014 1.46 13.62 48.03 1.09 2.08% 5.14%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  jackmdinvest likes this.
 
PenguinDad Slowly distributing and than say good bye! Ha....
20/08/2019 8:05 AM
sleang another set of good results! steady..
22/08/2019 7:03 PM
tracylim Indeed.. I will just keep Elk as a mini blue chip.
22/08/2019 8:27 PM
Meng better than many blue chips in the market
23/08/2019 9:03 AM
PenguinDad distributing again! fooling everybody.
23/08/2019 9:31 AM
Meng the hire purchase receivables grow 7.67% this quarter. compare to previous year average quarterly grow rate at 5.32%. expect will have better performance next quarter.
23/08/2019 10:37 AM
PenguinDad wait for 3 more months and continuous distributing...will u hold. ha....
23/08/2019 11:08 AM
Meng i din sell since the day i bought.
23/08/2019 11:28 AM
PenguinDad we got a investor here.
23/08/2019 1:40 PM
RainT @meng

so will keep until u die?
10/09/2019 3:22 PM
Meng my way of investment is as long as company still good, and there is no other better investment, there is no reason to sell. unless need $ urgently la.
11/09/2019 9:31 AM
tracylim Wait for a year or two and we will all know.
18/09/2019 1:22 PM
tracylim Good to see Elk going slow but steady...
30/10/2019 1:11 PM
Meng just patiently waiting for quarter report
05/11/2019 9:46 AM
Jackiee Double digit growth guaranteed by director.. Let's see
18/11/2019 10:50 AM
sleang yet another set of steady results! good work
19/11/2019 6:45 PM
Meng results is good and steady grow. but dividend is lower than expected. did not meet 60% of the net profit. 3.5sen / 6.25sen (diluted eps) = 56%. next dividend pay out expect to be more
19/11/2019 8:10 PM
newuser999 Meng:EPS mana ada 6.5 cent? 3.24 only, but give 3.5 div
20/11/2019 12:10 PM
Meng first half year. June and Sept report
20/11/2019 1:55 PM
wongck Hope shareholders are rewarded faithfully
20/11/2019 8:35 PM
factslim1 ELK-Desa Resources Bhd net profit for the second quarter ended Sept 30, 2019 rose 11.6% to RM9.62 million from RM8.62 million a year earlier, due to the improved performance in its hire purchase portfolio for the quarter under review.

In a filing to the stock exchange Nov 19, the firm said revenue for the quarter rose to RM36.62 million from RM30.99 million previously.

Earnings per share was 3.24 sen versus 2.94 sen earlier.

ELK-Desa declared an interim dividend of 3.50 sen per share for the financial year ending March 31, 2020 to be paid on Jan 15, 2020.
21/11/2019 3:02 PM
Meng The hire purchase receivables increase 77m in first half financial year 2020 (Jun 2019 & Sept 2019), compare to last financial year, whole year hire purchase receivables increase 89m, this year the grow rate is consider super fast. with this rate, i guess this financial year net profit will be very close to 40m, and dividend should be around 7.5 ~ 8sen whole year.
23/11/2019 2:47 PM
Sarawakian60 Why PH allow monopoly? Their manifestos again lying?
25/11/2019 9:42 AM
tracylim ELK-Desa 3rd Quarter Profit Before Tax Jumps by 32%

KUALA LUMPUR, 18 February 2020 – ELK-Desa Resources Berhad (Stock Code: 5228/Sector:
Finance), a non-bank lender focused in the used-car segment, today announced its financial results for the third quarter ended 31 December 2019.

During the quarter under review, the Group registered a 32% increase in profit before tax to RM13.25 million compared to RM10.08 million in the corresponding quarter a year ago. The Group’s improved performance came on the back of higher revenue of RM38.65 million compared to RM31.11 million registered in the same period a year ago.

The increase in both revenue and profit before tax were primarily due to higher contribution from the Group’s Hire Purchase Division during the quarter under review.

As at 31 December 2019, hire purchase receivables was recorded at RM601.70 million, translating into an increase of 32% compared to RM456.06 million last year. Correlating to the increase in hire purchase receivables, the Group’s borrowings and debt securities was 185%
higher at RM287.63 million compared to RM100.90 million a year ago.

The increase in borrowings and debt securities was mainly due to higher drawdown of block discounting facility and the Medium-Term Notes that were issued during the current financial period to finance the increase of hire purchase receivables. In spite of the rise in total borrowings, ELK-Desa’s gearing ratio remains at a low and manageable level of 0.68 times.

On a cumulative perspective, the Group registered a profit before tax of RM38.36million for the first nine months of its financial year ending 31 March 2020. This marked a notable increase of 18% from the profit before tax of RM32.39 million registered in the same period last year. Revenue for the nine-month period was also 21% higher at RM110.47 million compared to RM90.93 million a year ago.

Teoh Seng Hee, the Executive Director and Chief Financial Officer of ELK-Desa Resources Berhad, said, “The Group is progressing on a healthy growth trajectory that is supported by relatively stable domestic macro-economic factors such as low unemployment rate and
manageable inflation. Based on our performance to date, we believe that we will be able to close out our financial year ending 31 March 2020 on a stronger note compared to a year ago.”

“Moving forward, we are also cognisant of the external headwinds pressuring the domestic economy. These include the potential impact from the Nova Corona virus outbreak and the uncertainties that stem from the on-going trade war between China and the US,” he added.

“While we are paying close attention to these developments, we believe that the Malaysian
economy remains resilient and would be able to withstand the difficulties in the immediate to
medium term.”

“In view of this, the Group intends to maintain its strategic direction to grow its hire purchase portfolio dynamically while paying close attention to safeguarding the quality of its assets. We remain confident that there is still a lot of room to grow in the underserved second hand car hire purchase financing segment and we will continue to invest in the talent and processes to manage
credit risk and enhance credit recovery,” Teoh concluded.
18/02/2020 7:53 PM
Meng overall another good quarter report. hire purchase receivables growing very fast, more than 8% compare to last quarter on September 2019. there only slightly higher impairment and higher tax causing net profit lower than last quarter. overall business still maintain to grow very stable. management really do a nice job.

btw, i also noticed some new term loan in the balance sheet. maybe they still continue to explore for better gearing methods. seems to be a good sign.

management also hints that next quarter business is still grow stable.
19/02/2020 9:24 AM
Meng maintain target 40m net profit for financial year 2020 ended next month. looking forward to get 4 ~ 4.5sen dividend next quarter
19/02/2020 9:47 AM
tracylim Collected more Elk during panic selling sale yesterday. Glad to know that I was doing this alongside with the big boss.
10/03/2020 6:23 PM
Meng although i don't think there will be any impact to the company next quarter report from the current market conditions, but i personally don't think now is the time to collect more.. it is cheap, but overall market not good
11/03/2020 2:53 PM
jason007 there will be no collection for 6 month ?
30/03/2020 12:42 PM
god2077 does it apply to hire purhase also?
01/04/2020 10:30 AM
kisahbenarbro ELKDESA has a current ratio of 2.449 times in 2019 indicating that the company does not face any liquidity issue as it BOLEH paying back its liabilities (RM71.9 million) if sesuatu berlaku. ELKDESA is able to do so by using current assets such as inventories, other assets, trade receivables, hire purchase receivables, other receivables, deposits, prepayments, current tax assets, short term funds, cash and bank balances amounting to RM176.1 million. Kemungkinan juga also indicate that the company is not efficiently using its current assets or its short-term financing facilities.
17/04/2020 10:18 AM
tracylim Elkdesa is not governed by Bank Negara so at least not affected by moratorium. Their previous clients still need to pay loan, in short they don't have to provide deferment plan like bank hire purchase. Btw, I am still collecting bit by bit.
27/04/2020 1:11 PM
tracylim Estimate price will come back slowly after lock down.
27/04/2020 1:14 PM
Meng the second hand car sales on April were too little. expected for the quarter April to June of 2020 will be a big impact to the company. meanwhile we all know the customer base of the company is those who unable to optain loan from banks, thus the chance of becoming bad debt will be higher especially within the MCO period. for the coming quarter results on March may not see much impact, but i rather wait 3 more months to see the report of June. we won't know how much loss will suffer from the lower new loan, and higher impairment. lucky that gearing is not high, that's the only thing feeling safe.
28/05/2020 1:45 AM
tracylim No worries. This is a good counter. Dividends up despite of Pendemic Covid 19. Where to find ler? I have been holding it until now. Just keep for long term. Sooner or later everything will recover.
10/06/2020 1:29 PM
markus " As at 31 Mar 2020, the Group's profit before tax decreased by 20% to RM9.16 million as the MCO disruptions had severely affected the Group's result in the month of March due to significantly higher impairment allowances incurred for the hire purchase segment. " (based on latest report)

In my opinion, it is just going to get worse before it gets better because Malaysia MCO only started on 18 Mar 2020, and as at 31 Mar 2020, the result already showed "significant high impairment."

Coming quarter results and prospect will only gets worse ... and brutal...

at least the board is being honest of the outlook.
page 11 of the quarter report .

"Impairment allowance increased by 40% to RM23.66 million. Credit loss charge (i.e. impairment allowance over average net hire purchase receivables) increased from 3.8% to 4.2%. The higher impairment allowance and credit loss charge were mainly due to a significantly larger
hire purchase receivables portfolio and higher expected credit loss provisions in view of the uncertain economic effects arising from the ongoing Covid-19 outbreak. In addition, the unprecedented MCO has disrupted our hire purchase operations and the payment behaviour of
our hirers.

According to the Bank Negara Malaysia, the unemployment rate is likely to surpass its earlier forecast of 4% issued in April 2020, amidst a complete halt in economic activities under the first three phases of the MCO from 18 March 2020 to 3 May 2020 ... "
10/06/2020 2:47 PM
Meng the dividend is lower than expected. i expected to have at least 4 sen. the lower dividend due to the revenue and profit didn't meet the grow that it supposed to. due to the COVID19 outbreak issue, the revenue dropped compare to last quarter report. Revenue is mainly from the payment of the hire purchases interest, revenue go down meaning ppl din pay in time, that not just lower the revenue, but will increase the impairment also, as the payment didn't made by customer, the amount become bad debt and continue become impairment after period of time. with just beginning of the outbreak and 2 weeks of MCO, already see the impact to the quarter report. the next report surely will be worst. things didn't turn better until June. with the current market conditions, those bad debt will be hard to recover. we can foresee the next quarter will have more impairment at once. with higher impairment and slow business, hire purchase receivables will be lower than this quarter, then the revenue onwards will be affected. need to get the next quarter report to evaluate the value of the company.
11/06/2020 11:13 AM
Meng bear in mind the incident this time will have permanent impact to the company revenue onwards. it will not recover and restore back to previous state immediately after MCO ended. company need to accumulate the amount of hire purchase receivables back to previous state in order to gain back the revenue and profit it supposed to have. and maybe need more due to lower interest rate now.
11/06/2020 11:25 AM
Meng unless the company can manage to keeping the customer continue to pay and recover those impairment, then only will be able to ensure the revenue will not have big impact
11/06/2020 11:37 AM
DannyArcher Stocks to invest for massive future growth (Higher growth = higher revenue = higher stock price), Semi-Conductors, Internet of things, A.I., and Industry 4.0 stocks. These companies export their products and services all over the world, they are not limited to the small Malaysian market, therefore the growth potential is enormous once the economy rebound.


✓ Growing Revenue + Growing Market + Growing Profits = Growing Stock Prices
✓ USA Vaneck Vectors Semiconductor ETF Index Fund (SMH) is breaking out and on uptrend.
✓ These companies are "Buy and hold" type, for long term capital gains, not for trading or speculating.
✓ These companies are well managed and profitable, reasonable PE for tech, low debt or net cash.
✓ CoVid has accelerated the adoption of tech.
✓ Semi-conductor and internet will be the next stock rally once the glove bubble pops.
✓ Please use dollar-cost-averaging investment strategy, don't gamble, don't use margin.


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20/07/2020 4:34 PM
Meng as expected, a big impairment in this quarter report.. hope this is the worst scenario already.
13/08/2020 8:05 PM
Beast Same like aeoncr , quarter to quarter will improve
13/08/2020 8:59 PM
beluga Despite its high impairment and foreseeable more impairment, the stock price is doing very well.
Have to admit it's hard not to like this company. even if more people can't pay back it's loan, the price will keep going up! Stronger than banks. Much better than all banks. See eg. CIMB stock price chart, still under pressure...
21/08/2020 12:09 PM
sense maker This is like Ah long biz, super high margin. The only worry is widespread default, which could be just starting. Impairment of receivables can wipe out Current and previous profits in coming quarters.
04/11/2020 12:29 PM
bluetear83 they also do furniture business..
24/11/2020 10:44 PM
YouWin Seem quite here
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