ASTINO
Astino Berhad
Company Background
$ASTINO / 7162 (ASTINO BERHAD)
Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016
Immediate Announcement on Shares Buy Back
Immediate Announcement on Shares Buy Back
Immediate Announcement on Shares Buy Back
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MADAM LIM MEE HWA
Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR YEO SENG CHONG
Immediate Announcement on Shares Buy Back
Quarterly rpt on consolidated results for the financial period ended 30/04/2024
Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period
Immediate Announcement on Shares Buy Back
Immediate Announcement on Shares Buy Back
Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016
Immediate Announcement on Shares Buy Back
Immediate Announcement on Shares Buy Back
Immediate Announcement on Shares Buy Back
@LittleShare personally I find it difficult to trade metal commodities. but I do like those niche players in the space that can consistently generate good FCF no matter the season, especially more so if they are in net cash position.
Of all, $ASTINO / 7162 (ASTINO BERHAD) comes to mind, as well as $ULICORP / 7133 (UNITED U-LI CORPORATION BERHAD) , in no small part influenced by the mental models of @boncos himself haha
While riding a trend, sometimes the best thing to do is , instead of finding a laggard, to just ride the leader. In this cycle, it seems like $PMETAL / 8869 (PRESS METAL ALUMINIUM HOLDINGS BERHAD) is taking the cake. $OMH / 5298 (OM HOLDINGS LIMITED) could be interesting too, as a cheaper alternative to Pmbtech while having the same-ish moat.
Off topic, but I am quite optimistic on plantations hahaha, and I believe the FCF will surprise on the upside. But I could be wrong.
Today, $ASTINO / 7162 (ASTINO BERHAD) has broken out of its 52wk high.
$ASTINO / 7162 (ASTINO BERHAD) continues to show improved results!
Let’s see whats going on with Astino in Q2FY2024.
# Comparing current quarter (Q2FY2024) with preceding year corresponding quarter (Q2FY2023):
- Rev increased by 18.1% to RM 169.22 mil due to increase in the local market demand.
- Other operating income spiked from RM 0.13 mil to RM 1.89 mil. (I couldn’t find the reasoning for this increase).
- Profit from operations soared by 240.4% to RM 15.87 mil
- PBT grew by 262.2% to RM 15.68 mil due to increase in sales and profit margin.
- PAT also grew by 298.9% to RM 11.78 mil.
- EPS rose from 0.60 sen to 2.41 sen.
- NOCF turned from RM 7.63 mil to negative RM 14.61 mil.
- ROE improved from 2.3% to 8.7%.
- Net interest margin also improved from mere 2.1% to 7%.
- Geographical revenue segmentation: Local (98%) and Overseas (2%).
# Comparing current quarter (Q2FY2024) with immediate preceding quarter (Q1FY2024):
- Rev grew by a mere 2.2% to RM 169.22 mil due to increase of local market demand.
- Profit from operations increased by 34.9% to RM 15.87 mil.
- PBT climbed by 36.3% to RM 15.68 mil due to increase of sales and profit margin.
- PAT also climbed by 37.5% to RM 11.78 mil.
# Prospects:
- The Group expects demand to stay moderate due to escalating input costs, volatility of material costs, and the weakening of RM against USD.
- The Group is cautiously optimistic to achieve a more sustainable performance as the market demand for their product continues to remain firm.
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Quarterly rpt on consolidated results for the financial period ended 31/01/2024
Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016
Immediate Announcement on Shares Buy Back
Immediate Announcement on Shares Buy Back
Immediate Announcement on Shares Buy Back
Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016
Immediate Announcement on Shares Buy Back
Notice of SBB by a Company Pursuant to Section 127 (16) of CA 2016
Immediate Announcement on Shares Buy Back
Immediate Announcement on Shares Buy Back