Amtel Holdings Berhad

General Meetings: Outcome of Meeting

Government Considers Making Dashcams Mandatory for new cars

At a meeting today, the Mr Anthony Loke commented on various calls for making dashcams mandatory for all vehicles.

While the proposal was "doable", there will definitely be a pushback from the public because any additional equipment means additional expense.

However, a more reasonable course of action is to actually have the dashcams installed when the car is built, so the responsibility drops to the manufacturers instead of the consumers. This is something they are considering, although not mandating just yet. This would be a cheaper option as manufacturers have order visibility and economies of scale thus bringing down the unit price of each dashcam installation, rather than having consumers buy individual dashcams and going to workshops to get them installed properly.

Perhaps, in the near future, all new cars will come with built in dashcams and reverse cameras as part of the normal spec.

As of now, many brands do offer dash cams (or driving video recorders, DVRs) as part of an "add on" package or to the top line models, so it wouldn't be too difficult to just extend it to the lower models.

Of course, I can't not tag $AMTEL / 7031 (AMTEL HOLDINGS BERHAD) as one of the players in this space, who makes DVRs as well as built in toll readers. I believe $MCEHLDG / 7004 (MCE HOLDINGS BERHAD) might be also involved, and *maybe*, that could be why Creador is interested in them. I'm just speculating at this point.

source: https://cutt.ly/1ercch8y

Quarterly rpt on consolidated results for the financial period ended 29/02/2024

Circular/ Statement to Shareholders in relation to Part A: Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature; Part B: Proposed Renewal of Share Buy-Back Authority

Annual Report & CG Report - 2023

General Meetings: Notice of Meeting

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONSAMTEL HOLDINGS BERHAD ("AMTEL" or "COMPANY") -
PROPOSED NEW SHAREHOLDERS' MANDATE FOR RECURRENT PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

OTHERSAMTEL HOLDINGS BERHAD ("AMTEL" OR "COMPANY") - PROPOSED RENEWAL OF AUTHORITY FOR SHARE BUY-BACK

Additional Listing Announcement /Subdivision of Shares

OTHERSAMTEL HOLDINGS BERHAD ("AMTEL" OR "COMPANY")
- PROPOSED AMENDMENTS OF THE CONSTITUTION OF THE COMPANY

[Partnership Post: moomoo] 5 Profitable Small Cap Companies🚀

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$SKBSHUT / 7115 (SKB SHUTTERS CORPORATION BERHAD) $AMTEL / 7031 (AMTEL HOLDINGS BERHAD) $FIBON / 0149 (FIBON BERHAD) $EMICO / 9091 (EMICO HOLDINGS BERHAD) $BIG / 7005 (B.I.G. INDUSTRIES BERHAD)

$AMTEL / 7031 (AMTEL HOLDINGS BERHAD) - Record High Yearly Performance, Launches new Product and Services Offering in Partnership with Zurich

Amtel ends the year with a record high performance in both revenues and profits. Cash flow generation is good, with TTM PE around ~11x, TTM FCF about 6x. The company trades below NTA (which had been climbing, currently standing at RM 0.75 with almost 0 debt). The QR itself had nothing much to unpack, so I'll quickly just go thorough that and highlight other more interesting news.

1. Profit is ~RM 1.7mil for the quarter, EPS of 1.76sen.

2. NOCF for the year stands at RM 12.5mil. FCF is around ~11.5mil. They had already completed their expansion to their new HQ at Wisma Amtel 2-3 years ago, so I don't expect any major capex in the near future. Nothing alarming in cash flow, business as usual.

3. They have launched their new product called Lokatag Pro-- I presume this was the one they delayed from last year-- in collaboration with Zurich insurance. I think the partnership is quite interesting, and moves them up the value chain from being a pure OEM part supplier to a service provider.

4. For better of worse, this new product is still using the T&G and NFC T&G cards. for the near future, I think it's still OK, but depending on the technology used for MLFF this could be a damper. That being said, the MLFF rollout using RFID seems to have hit a speedbump, and so for the meantime many will still be using their smart tags it seems.

Amtel made a few headlines in the newspapers recently with this new launch of their Lokatag Pro, so let's go through what Zurich had posted about them:

4. Zurich plans to offer personalised telematics insurance as well as automated motor insurance claims processes.

5. Telematics insurance is a new term to me, but basically it means that your driving will be tracked by the insurance company to provide more personalized offerings. Such as, instead of a flat fee, you could opt for cheaper rates if you don't drive as much or have a record of safe driving. Other things could be extracting data such as mileage, driving behaviour, automatic accident alerts, data logging, theft alert and recovery, and so on. Something like using big data for your cars/trucks. I understand telematics insurance isn't exactly new, with AXA offering it in 2019.

6. It could make insurance claims much easier and less disputable, as insurance industry has historically been a PITA to claim for.

7. In Zurich's article, they mentioned that the Lokatag Pro contains patented technologies and it's a first of its kind in the market. Mr Koid, the CEO of Amtel, said they are the first Smart Mobility Services Provider in the region. Those with more knowledge in the matter could chip their thoughts on these statements.

8. The Lokatag Pro incorporates both contactless toll payment technology as well as a dashcam and sensors for vehicle security including geotagging for evidentiary purposes.

9. Amtel aims to onboard 500k users within the next 3 years into their Loka ekosystem.

10. Interestingly, they are also partnering up with Stickiie which is a car ad-tech company. I presume it would be in the likes of offering targetted advertisements using PDOOH style based on the location of the car. Details are unclear at the moment.

11. The Lokatag Pro retails at a rather steep RM 1799. The price is quite high considering alternatives in the market (like getting your own smart tag + dashcam) could be as low as around RM 400-500 only. That being said, the features and design (all in one) could make up for it. Also, with proper promotions it could drive people to give it a try, as Zurich is offering free car insurance when you buy it. Something along the lines of a package when you buy a new car and get it fitted in nicely, together with insurance and so on..

And lastly, an interesting announcement from the company

12. Amtel is proposing to allow the Board to declare final dividends without needing to convene a General Meeting. Amtel had not been a dividend payer for the last decade, so this could be a sign that they want to resume paying out dividends again. It's timely, in my opinion, as they have good cash and cash generation ability and definitely can afford to pay out reasonable dividends, assuming a normalized EPS of around 6-7sen per year.


Zurich article here: https://cutt.ly/SwZRR9nU

tagging people who have posted or interacted with amtel posts @aaronyew @kopicatch99 @ryunanda @ypaymore

OTHERSAMTEL HOLDINGS BERHAD ("AMTEL" OR "COMPANY")
- PROPOSED AMENDMENTS TO CLAUSE 251 OF THE CONSTITUTION OF THE COMPANY

Quarterly rpt on consolidated results for the financial period ended 30/11/2023

New Vehicle Sales hit near 75k units in October, 2nd highest month in 2023.

My first thought is: Why are car sales still so strong? With global headwinds and weakening MYR, I would think the first thing people stop buying would be new cars-- but obviously I was wrong.

I started covering vehicle sales data end of last year, due to expecting bumper numbers from SST exemption but I didn't expect the numbers to continue to be this strong this late in the year.

Typical suspects as beneficiaries:

$MCEHLDG / 7004 (MCE HOLDINGS BERHAD) $PECCA / 5271 (PECCA GROUP BERHAD) $AMTEL / 7031 (AMTEL HOLDINGS BERHAD) $MBMR / 5983 (MBM RESOURCES BHD) ...

https://cutt.ly/twY2UWMd


of which, mcehldg and amtel are likely to report record high numbers based on current trend of results, in my opinion.

As efforts to roll out MLFF and EV infrastructure accelerates, how long can $AMTEL / 7031 (AMTEL HOLDINGS BERHAD) remain in Parking gear?

Few know about Amtel, and while amongst them many know that Amtel is one supplier of charging infrastructure, fewer still know about their exposure to the MLFF rollout in Malaysia.

So let's talk about that.

It had been reported that AMTEL is working with EKOVEST to test MLFF proof of concept at DUKE highway. It had also been reported that AMTEL is potentially working with 2 other highway concessionaires to pilot test MLFF on their respective highways.

Recently, EKOVEST's new highway, called the SPE, Setiawangsa Pantai Expressway, was officially launched.

Amtel claims that a suitable way to run MLFF is by having an OBU, on board unit, together with ANPR, automatic number plate recognition, cameras at toll booths, much like how Singapore does it.

And what do you know? Amtel makes just that. If you drive one of the newer perodua cars (and selected proton packages), you might notice that the car actually comes built in with an OBU, or sometimes called an in built toll reader. Yes, that is Amtel's product.

It was rumoured that Perodua would remove the OBU since the tolls started transitioning to RFID-- but in the 2023 model, the Myvi still has it stock. If the government is steadfast in wanting to break monopolies, there's no reason to make RFID toll payments a T&G exclusive.

What I think? The country is clearly moving in the direction of open market and reviewing monopoly cronies. The country is also clearly moving towards smoother toll systems without needing to stop the car.

With net cash of nearly half of their market cap, priced below book value, improving performance and plenty of opportunities, can Amtel capitalize on this chance being served to them on a golden platter?

And can investors, knowing this, not salivate at this low risk proposition?

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We’d love to hear from you: How would you make this a better screener? Let’s discuss further in the comment section below!

$PAOS / 5022 (PAOS HOLDINGS BERHAD) $KLSE-XOXTECH $TECGUAN / 7439 (TECK GUAN PERDANA BERHAD) $AMTEL / 7031 (AMTEL HOLDINGS BERHAD) $CWG / 9423 (CWG HOLDINGS BERHAD)

$AMTEL / 7031 (AMTEL HOLDINGS BERHAD) 's Q3 FY 23 results were pretty good, and today it's up ~7%. Overall, nothing out of the ordinary, business is steady and cash is flowing. Let's go through the QR.

1. Revenue of 19mil, with Operating Profits of 1.9mil ~ 10% operating margins. PAT is RM 1.4mil, or around 7.4%. Nothing eye opening and very normal numbers. Diluted EPS is 1.41sen. Annualizing the past 3 qtrs gives them around 5.3sen EPS and gives their current price around PE 12 -ish.

2. Cash and Cash Equivalents (including deposits and investments) stand at RM 35.2mil. With Market cap of ~RM 65mil, that's approximately 54% cash to their market cap. The company doesn't have any notable borrowings to speak of-- very conservative management. NTA increases to RM 0.73 per share. Still at a discount.

3. Cash flow is great, with NOCF of RM 11.7mil. Very minimal CAPEX was spent-- leading to a FCF of +- RM 11.2mil. P/FCF ratio is about 5.8x.

4. They have done some small SBBs over the past year; with totally 853k shares with avg of just above RM 0.65 per share. In total, treasury shares stand at 2.85mil units, roughly 3% of total NOSH. Coincidentally, the SBB price is around the warrant conversion price; so this could be a potential way the management is trying to negate some of the dilutive effects of warrant conversion. We shall see.

5. All business segments have shown improvement in operations this year. Makes sense considering things have stabilized vs last year when commodities and freight were out of whack and supply chains were disrupted. As it stands, the company is on track to have a *record high year* since listing, if the recent performance can be continued.

6. The improved performance is mainly due to increased sales of their ICT products and projects in the TIS segment.

7. The management believes that they are a beneficiary of the government's push for EV related products and services, as well as the transformation of Tj Malim into a Global High Tech Automotive Hub for EV. We know that AMTEL is one of the manufacturers of an EV charging station, so we shall see how much they will get from the rollout of more EV infrastructure around the nation. Currently, they have yet to report the EV-related product into its own segment. I believe they likely will if it becomes substantial enough.

8. As such, the board expects the Group to deliver a stronger financial performance for FY23.

@aaronyew just fyi 😀

Quarterly rpt on consolidated results for the financial period ended 31/08/2023

@realalvinang tagging other automotive supply chain players

$AMTEL / 7031 (AMTEL HOLDINGS BERHAD) $BETA / 0263 (BETAMEK BERHAD) $MCEHLDG / 7004 (MCE HOLDINGS BERHAD) ... to an extent $LEFORM / 0266 (LEFORM BERHAD)

7/8 - After 3weeks waiting, I finally managed to TP $AMTEL / 7031 (AMTEL HOLDINGS BERHAD) at 0.69. a 8% profit. I also bought in $CARIMIN / 5257 (CARIMIN PETROLEUM BERHAD) at 0.895 and $RANHILL / 5272 (RANHILL UTILITIES BERHAD) 0.585.
$EDELTEQ / 0278 (EDELTEQ HOLDINGS BERHAD) is facing some legal issue. lead the share price massive plunge. in this case TA also cannot help liao. So far the fundamental still intact so just hold and wait for better opportunity to exit.
KLCI and Small Cap Index are very bullish past 2 weeks and last week having a pullback, today both indexes show a confirmation of reversal. hence I will look more into big cap and small cap stocks.

$AMTEL / 7031 (AMTEL HOLDINGS BERHAD) 's 1H FY2023 : A good 1H to the year so far

Nothing really exciting happened this Qtr for the company, but since I read and summarized the reports for myself anyway, I thought I'd just share them here in case anyone else is interested.

1. Profit from Operations at RM 1.4mil this Qtr. Pretty solid.

2. Cash and Cash Equivalents stand at about RM 30mil, slightly above 50% of market cap (RM 58mil at RM 0.60 per share). Negligible amount of debt.

3. NTA has risen to RM 0.7185 now due to increasing cash.

4. Net Cash flow from operations is around RM 5.7mil this half-- it mostly translates into FCF as they don't need to spend much in the way of CAPEX. Putting some of their excess cash into fixed income funds to get some interest is not a bad idea if they have no immediate use of their cash.

5. QoQ, slight decline due to slower sales. This year they've managed to eke out some extra points of margin compared to before, due to improvement of productivity and efficiency.

6. They will continue to focus on cost management exercises and improving efficiencies.

7. The Board expects the Group to perform satisfactorily in 2H FY2023.

*****

Overall Amtel has shown a relatively good 1H 2023 in spite of the weak macro environment, where many companies are still grappling with inflation/recession. Until now, the automotive sector is still quite vibrant although I expected the decline in TIV to be worse. I guess Malaysians really like to buy new cars 😂

NTA has been slowly climbing up and the discount to the share price continues to widen at this juncture. Let's see whether anything can develop from their ventures with toll operators and their in built toll readers to accept multimodal payments (I'm just speculating here).

Quarterly rpt on consolidated results for the financial period ended 31/05/2023

You can order TESLA from TESLA Malaysia from today! The prices are out and it's "CHEAP". You can buy model Y basic from RM200k

https://cutt.ly/xwohwYSP

What I mean by cheap is that, 1) it's cheap in comparison to other region, and at those price range, 2) its very much at price range on some of the other premium ICE SUVs cars - all while being an EV and having better performance.

To put into context...

1) Regional comparison on MY price:

For Model Y, LR, 20inch rim, FSD

55k usd cn
56k usd JP
*63k usd MY*
68k usd US
72k usd AU
76k usd th
79k usd TW
100k usd Hk
107k usd sgd (rear drive)

2) Price compared to local ICE cars in MY

For a simple comparison, RM200k model Y basic will be in the range of $BAUTO / 5248 (BERMAZ AUTO BERHAD) CX8 as well as UMW's 2.5v Toyota Camry.

- So what does this mean? -

I think at these prices, there will be GOOD demand for Tesla cars in Malaysia, and it will help to ACCELERATE ADOPTION of EVs in Malaysia.

Who will benefit? I think in the short term, $YINSON / 7293 (YINSON HOLDINGS BERHAD) $AMTEL / 7031 (AMTEL HOLDINGS BERHAD) and all EV charger infrastructure players may see an uptick as there needs to be higher adoption and installation of home chargers and usage of current charging station set up. While Tesla will definitely install their super charger, it won't happen at rapid speed.

$AGMO / 0258 (AGMO HOLDINGS BERHAD) and their EV super app will see an uptick in user sign ups too. Hopefully they are smart enough to monetise from the app.

$DRBHCOM / 1619 (DRB-HICOM BERHAD) and BAUTO's EV car range might see some demand overflow as well.

However, it is also true that this is another strong brand that will provide competition to current set up.

What do you guys think?

@terence775 @nicholascheh @tapdance @pineforestof89 @zhiyang007 @cassidytan @jiaming8yap @zhexiangxd

$AMTEL / 7031 (AMTEL HOLDINGS BERHAD) $EKOVEST / 8877 (EKOVEST BERHAD) - Collaboration to roll out MLFF

This was an article released about a month+ back on the Edge. I couldn't find it tagged to either company, so I thought to post it and tag them here. You can download the article to read it yourself. Here I've summarised some key points, but feel free to download and read the whole article yourself.

1. Amtel had been working with Ekovest on their POC (proof of concept) since late 2022.
2. The first highway to test out MLFF concept is Besraya (owned by $IJM / 3336 (IJM CORPORATION BERHAD) , but it is not known who is the tech provider there.) They expect the pilot project to be implemented by end of October.
3. 2 key components for the implementation of MLFF : A camera-based system with number plate recognition, and a tag-based system for toll fare reduction.
4. Amtel is also in talks with 2 other highway concessionaires to run the MLFF pilot project.
5. Gov had allocated RM 3.46bil for MLFF, which it hopes to implement as soon as 2025.
6. For a start, we can get open payment systems at tolls, thus breaking the monopoly of T&G.
7. At least 11 highways are expected to implement this open payment system by mid-september.

Financially, it is not clear at this juncture how much Amtel would benefit, if at all,, whether a one off implementation fee or a long term share of profits or recurring servicing contracts. Just following up on the news.

Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSAMTEL HOLDINGS BERHAD ("AHB" OR COMPANY")
PROPOSED ACQUISITION BY METRARAMA SDN BHD ("METRARAMA") FROM M TREE HILL SDN BHD ("MTHSB") OF THREE (3) UNITS THREE-STOREY TERRACE HOUSES LOCATED IN TELUK KUMBAR, PENANG FOR A TOTAL PURCHASE CONSIDERATION OF RM2,700,000 TO BE SATISFIED ENTIRELY IN CASH

Immediate Announcement on Shares Buy Back