APM AUTOMOTIVE HOLDINGS BHD

KLSE (MYR): APM (5015)

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Last Price

2.99

Today's Change

+0.02 (0.67%)

Day's Change

2.98 - 2.99

Trading Volume

8,000


2 people like this.

430 comment(s). Last comment by G-boy 6 days ago

SincereStock

1,986 posts

Posted by SincereStock > 2 months ago | Report Abuse

besides, this company is now operating at strong cash balance with net finance income, if EPS sustain for foreseeable future price can easily rise consistently back to it's former height

SincereStock

1,986 posts

Posted by SincereStock > 2 months ago | Report Abuse

topped up a few more preclose with last minute obtained cash from selling SUCCESS

SincereStock

1,986 posts

Posted by SincereStock > 2 months ago | Report Abuse

go see MCEHLDG result, it is good, proving that this autopart industry is indeed doing good now overally, but APM still better. Especially in term of fundamental undervalue. MCEHLDG price already traded above NTA, although EPS wise it is quite encouraging, so if you are interested with MCEHLDG, why not invest in APM instead for better opportunity (65% NTA discount!!) hehe

SincereStock

1,986 posts

Posted by SincereStock > 2 months ago | Report Abuse

oya and forget to mention APM is a much bigger company compare with MCEHLDG

EZMONEY13

276 posts

Posted by EZMONEY13 > 2 months ago | Report Abuse

They building new factory or nah ?

SincereStock

1,986 posts

Posted by SincereStock > 2 months ago | Report Abuse

President DATO' TAN HENG CHEW acquired more shares again at 2.387 today, seems like he is very confident with the company's worth

SincereStock

1,986 posts

Posted by SincereStock > 2 months ago | Report Abuse

this guys keep collecting from years ago, never dispose

SincereStock

1,986 posts

Posted by SincereStock > 2 months ago | Report Abuse

MCEHLDG small company engine also start already, APM want wait apa lol? autoparts industry prospects is good now

k3nthiew

503 posts

Posted by k3nthiew > 2 months ago | Report Abuse

Good start for 2024. Good job, APM!

Posted by GreatDreamer > 2 months ago | Report Abuse

Assuming full year dividend 14sen, may worth RM2.80 (14/0.05).

SincereStock

1,986 posts

Posted by SincereStock > 2 months ago | Report Abuse

@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

hhhiii123

644 posts

Posted by hhhiii123 > 2 months ago | Report Abuse

So powerful trend even market no doing well lol

Nepo

3,242 posts

Posted by Nepo > 2 months ago | Report Abuse

great news going to announce..
didn't expect it so powerful..

SincereStock

1,986 posts

Posted by SincereStock > 2 months ago | Report Abuse

@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

ks55

2,881 posts

Posted by ks55 > 2 months ago | Report Abuse

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.

faruqie

30 posts

Posted by faruqie > 2 months ago | Report Abuse

market cap :600m
net cash :290m

Nepo

3,242 posts

Posted by Nepo > 1 month ago | Report Abuse

Mr Tan T Boon favourite stock

SS13

130 posts

Posted by SS13 > 1 month ago | Report Abuse

Undervalued counter. Uptrend in qtr profit. Healthy reserves. Good dividends.

SS13

130 posts

Posted by SS13 > 1 month ago | Report Abuse

I see price trading higher.

SS13

130 posts

Posted by SS13 > 1 month ago | Report Abuse

Watch the next qtr results

speakup

24,521 posts

Posted by speakup > 1 month ago | Report Abuse

i was at Icap investor meeting last year, attended the talk by APM CEO. he said limited growth wor

speakup

24,521 posts

Posted by speakup > 1 month ago | Report Abuse

that's why speakup didn't buy APM

SS13

130 posts

Posted by SS13 > 1 month 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.

Posted by GreatDreamer > 1 month ago | Report Abuse

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.

rajachulan

1,740 posts

Posted by rajachulan > 1 month ago | Report Abuse

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.

SincereStock

1,986 posts

Posted by SincereStock > 1 month ago | Report Abuse

@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.

SincereStock

1,986 posts

Posted by SincereStock > 1 month ago | Report Abuse

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

SincereStock

1,986 posts

Posted by SincereStock > 1 month ago | Report Abuse

sometime investors looked too much into the future and forget about the current undervalue state of the company's price

speakup

24,521 posts

Posted by speakup > 1 month ago | Report Abuse

@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

SincereStock

1,986 posts

Posted by SincereStock > 1 month ago | Report Abuse

@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

speakup

24,521 posts

Posted by speakup > 1 month ago | Report Abuse

Yup. It doesn't matter whether it is a black cat brown cat white cat as long as it catches mouse.
- Deng Xiao Ping

SincereStock

1,986 posts

Posted by SincereStock > 1 month ago | Report Abuse

gogo catch up with mcehldg again

KingKKK

275 posts

Posted by KingKKK > 1 month ago | Report Abuse

Fundamentally strong company

SincereStock

1,986 posts

Posted by SincereStock > 1 month ago | Report Abuse

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

SincereStock

1,986 posts

Posted by SincereStock > 1 month ago | Report Abuse

very hard to decide my last TP here, tempting to sell but seems like better wait and see next QR first

ks55

2,881 posts

Posted by ks55 > 1 month ago | Report Abuse

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.

SincereStock

1,986 posts

Posted by SincereStock > 1 month ago | Report Abuse

@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

G-boy

391 posts

Posted by G-boy > 1 month ago | Report Abuse

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!

G-boy

391 posts

Posted by G-boy > 1 month ago | Report Abuse

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

G-boy

391 posts

Posted by G-boy > 1 month ago | Report Abuse

From the technical chart, It form reverse head and shoulder and breakout.
now heading to previous resistance 3.3-4.2 range

KingKKK

275 posts

Posted by KingKKK > 1 month ago | Report Abuse

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

KingKKK

275 posts

Posted by KingKKK > 4 weeks ago | Report Abuse

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.

teknikal

171 posts

Posted by teknikal > 3 weeks ago | Report Abuse

Stock in uptrend with MA20 higher than MA50 and MA200.

Support is RM2.82
Resistance RM3.10

wongchin

991 posts

Posted by wongchin > 1 week ago | Report Abuse

Buy 2 lot only at 2.89 testing market

KingKKK

275 posts

Posted by KingKKK > 1 week ago | Report Abuse

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

SincereStock

1,986 posts

Posted by SincereStock > 1 week ago | Report Abuse

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

ks55

2,881 posts

Posted by ks55 > 6 days ago | Report Abuse

APM is about to release its 4th QR. Expecting to be super good due to record car sales for 2023......

SincereStock

1,986 posts

Posted by SincereStock > 6 days ago | Report Abuse

another good QR with improved DY, uptrend should resume

SincereStock

1,986 posts

Posted by SincereStock > 6 days ago | Report Abuse

can catch up with NHFATT's price with 2 better most recents QR and better total dividend per share?

G-boy

391 posts

Posted by G-boy > 6 days ago | Report Abuse

dividend back to 2013 2014....
luckily they manage to increase price to improve profit margin

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