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Zecon (Zecon-Ku) : Average Score
Zecon (Zecon-Ku) : Average Score
Indust. & Commercial Svcs. / Construction & Engineering / Construction & Engineering DETAILED STOCK REPORT
Report Date: 05 December 2019
Last Close Avg Daily Vol 52-Week High Trailing PE Annual Div ROE LTG Forecast 1-Mo Return
0.59 (MYR) 4.4M 0.69 -- -- -7.9% -- 57.3%
05 December 2019 Market Cap 52-Week Low Forward PE Dividend Yield Annual Rev Inst Own 3-Mo Return
MALAYSIA Exchange
79M 0.15 -- -- 372M 0.0% 93.4%
AVERAGE SCORE
NEUTRAL OUTLOOK: ZECON's current score Score Averages
is relatively in-line with the market. Construction & Engineering Group: 5.7 Small Market Cap: 5.3
Indust. & Commercial Svcs. Sector: 5.7 FBM KLCI Index: 6.2
Average Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive ZECON 8 9 5 4 5
OCR 3 1 4 1 2
Neutral ZELAN 1 1 1 2 2
BPURI 3 1 1 2 1
Negative
IREKA NR 1 NR NR NR
DEC-2016 DEC-2017 DEC-2018 DEC-2019
BUSINESS SUMMARY
Zecon Berhad. Zecon Berhad is a Malaysia-based company, which is engaged in foundation engineering, civil engineering and building contracting
works and their related activities. The Company's segments are Construction, Property development, Toll concession and Others. The Construction
segment is engaged in piling works, foundation engineering and building construction. The Property development segment is engaged in property
holding and development. The Toll concession segment is engaged in operation and maintenance of toll bridge and collection of toll revenue. The
Others segment is engaged in management services and others. The Company's subsidiaries include Zecon Toll Concessionaire Sdn. Bhd., which is
engaged in operation and maintenance of toll bridge and collection of toll revenue; Zecon Construction Services Sdn. Bhd., which provides water
infrastructure related services, and Zecon Land Sdn. Bhd., which is engaged in investment holding, property development and construction.
Page 1 of 11
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ZECON (ZECON-KU)
Indust. & Commercial Svcs. / Construction & Engineering / Construction & Engineering DETAILED STOCK REPORT
Report Date: 05 December 2019
INDICATOR COMPONENTS
The AVERAGE SCORE combines the quantitative analysis of five widely-used investment decision making tools: Earnings,
Fundamental, Relative Valuation, Risk, and Price Momentum. A simple average of the underlying component ratings is normally
distributed to rank stocks on a 1-10 scale (10 being awarded to the most favorable). These factors may be evaluated differently using
alternative methodologies and the importance of individual factors varies across industries, market capitalization and investment styles.
Additional criteria should always by used to evaluate a stock.
PEER COMPANIES
BDB Bina Darulaman BPURI Bina Puri Holdings
ENCORP Encorp ZELAN Zelan
SYCAL Sycal Ventures STELLA Stella Holdings
IREKA Ireka Corp TSRCAP TSR Capital
OCR OCR Group KNUSFOR Knusford
Page 2 of 11
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ZECON (ZECON-KU)
Indust. & Commercial Svcs. / Construction & Engineering / Construction & Engineering DETAILED STOCK REPORT
Report Date: 05 December 2019
This company does not currently meet the data Earnings Score Averages
requirements to calculate a score for this Construction & Engineering Group: 5.6 Small Market Cap: 5.3
component. Indust. & Commercial Svcs. Sector: 5.8 FBM KLCI Index: 5.9
Earnings Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive BPURI NR NR NR NR NR
IREKA NR NR NR NR NR
Neutral OCR NR NR NR NR NR
ZECON NR NR NR NR NR
Negative
ZELAN NR NR NR NR NR
DEC-2016 DEC-2017 DEC-2018 DEC-2019
EARNINGS INDICATORS
Earnings Surprises Estimate Revisions Recommendation Changes
(33.3% weight) (33.3% weight) (33.3% weight)
Page 3 of 11
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ZECON (ZECON-KU)
Indust. & Commercial Svcs. / Construction & Engineering / Construction & Engineering DETAILED STOCK REPORT
Report Date: 05 December 2019
NA NA NA NA
EARNINGS SURPRISES
Comparing a company's actual earnings to the mean expectation of Surprise Detail (Last 6 Periods)
analysts results in a difference referred to as a 'positive' or 'negative'
surprise. Research has shown that when a company reports a Surprise Announce Period End Actual Mean Surprise
surprise, it is often followed by more of the same surprise type. Type Date Date EPS EPS (%)
Surprise Summary (Last 12 Quarters)
Surprise Type Amount Percent There are no earnings surprises during this time period.
Positive Quarters (> 2%) 0 --
Negative Quarters (< -2%) 0 --
In-Line Quarters (within 2%) 0 --
ANNUAL REVENUE
A pattern of increasing sales in Actuals Estimates
conjunction with a rising EPS may
influence a buy recommendation, while NA NA
flat or falling sales and faltering
earnings may explain a sell Mean -- --
recommendation. A rising EPS with flat Annual revenue data is not available High -- --
or falling sales may result from
increased cost efficiency and margins, Low -- --
rather than market expansion. This Forecasted Growth -- --
chart shows the sales forecast trend of # of Analysts -- --
all analysts and the highest and lowest
projections for the current and next NA NA NA NA
fiscal year.
Page 4 of 11
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ZECON (ZECON-KU)
Indust. & Commercial Svcs. / Construction & Engineering / Construction & Engineering DETAILED STOCK REPORT
Report Date: 05 December 2019
FUNDAMENTAL
NEGATIVE OUTLOOK: Weak fundamentals Fundamental Score Averages
such as low profit margins, high debt levels, or Construction & Engineering Group: 4.8 Small Market Cap: 5.2
falling dividends. Indust. & Commercial Svcs. Sector: 5.2 FBM KLCI Index: 6.5
Q4 Q1 Q2 Q3
Fundamental Score Trend Peers 2018 2019 2019 2019 Current 3Y Trend
BPURI 3 NR NR NR 2
Positive
ZECON 8 4 6 9 2
Neutral ZELAN 3 3 3 4 2
Negative IREKA 3 4 4 3 1
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 OCR 1 4 4 4 1
2017 2018 2019
FUNDAMENTAL INDICATORS
Profitability Debt Earnings Quality Dividend
(25% weight) (25% weight) (25% weight) (25% weight)
ZELAN
BPURI
ZECON BPURI
OCR
ZECON
IREKA
ZELAN
OCR IREKA
IREKA IREKA
BPURI OCR
ZECON
ZELAN
BPURI
OCR
ZECON
ZELAN
Revenue Growth -20.4% Current Ratio 0.2 Oper. Cash Yield -750.9% Dividend Growth --
For year over year For interim period For latest 12 months For year over year
ending 06-2019 ending 06-2019 ending 06-2019 ending --
Gross Margin 2.1% Debt-to-Capital 0.4% Accruals 45.7% Dividend Payout --
For latest 12 months For annual period For latest 12 months For latest 12 months
ending 06-2019 ending 06-2019 ending 06-2019 ending --
Return On Equity -7.9% Interest Funding -75.7% Days Sales In Inv. 12.0 Dividend Coverage --
For interim period For interim period For annual period For annual period
ending 06-2019 ending 06-2019 ending 06-2019 ending --
Net Margin -5.3% Interest Coverage 0.5 Days Sales In Rec. 166.6 Current Div. Yield --
For latest 12 months For interim period For annual period For latest 12 months
ending 06-2019 ending 06-2019 ending 06-2019 ending --
HIGHLIGHTS
- The Fundamental Rating for Zecon declined significantly over the last - The operating cash yield for the company is at its five-year low.
quarter from 4 to 2. The current rating is considerably more bearish - Zecon does not currently pay a dividend. Of 70 firms within the
than the Construction & Engineering industry group average of 4.8. Construction & Engineering industry group, it is among the 35
- The company's gross margin has been lower than its industry group companies without a dividend.
average for each of the past five years.
- The current ratio of 0.2 for ZECON is the lowest within its Construction
& Engineering industry group.
Page 5 of 11
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ZECON (ZECON-KU)
Indust. & Commercial Svcs. / Construction & Engineering / Construction & Engineering DETAILED STOCK REPORT
Report Date: 05 December 2019
RELATIVE VALUATION
This company does not currently meet the data Relative Valuation Score Averages
requirements to calculate a score for this Construction & Engineering Group: 6.1 Small Market Cap: 5.9
component. Indust. & Commercial Svcs. Sector: 5.9 FBM KLCI Index: 2.9
Relative Valuation Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive OCR 3 3 5 5 5
BPURI 9 3 3 3 3
Neutral IREKA NR NR NR NR NR
ZECON 8 9 NR NR NR
Negative
ZELAN NR NR NR NR NR
DEC-2016 DEC-2017 DEC-2018 DEC-2019
OCR
BPURI
HIGHLIGHTS
- There is no significant relative valuation data for this company.
Page 6 of 11
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ZECON (ZECON-KU)
Indust. & Commercial Svcs. / Construction & Engineering / Construction & Engineering DETAILED STOCK REPORT
Report Date: 05 December 2019
Page 7 of 11
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ZECON (ZECON-KU)
Indust. & Commercial Svcs. / Construction & Engineering / Construction & Engineering DETAILED STOCK REPORT
Report Date: 05 December 2019
RISK
NEUTRAL OUTLOOK: Moderate risk (medium Risk Score Averages
volatility). Construction & Engineering Group: 5.3 Small Market Cap: 4.9
Indust. & Commercial Svcs. Sector: 5.3 FBM KLCI Index: 9.0
Risk Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive BPURI 4 4 4 5 4
ZECON 5 5 5 5 4
Neutral OCR 2 3 3 2 2
ZELAN 1 1 1 1 1
Negative
IREKA NR 3 NR NR NR
DEC-2016 DEC-2017 DEC-2018 DEC-2019
RISK INDICATORS
Magnitude of Returns Volatility Beta (1-year) Correlation
(25% weight) (25% weight) (25% weight) (25% weight)
ZECON BPURI
BPURI
OCR OCR ZECON
OCR
BPURI
ZECON BPURI ZELAN
ZECON
ZELAN ZELAN OCR
ZELAN
Daily Returns (Last 90 Days) Standard Deviation Beta vs. FBM KLCI -0.99 Correlation vs. FBM KLCI
Best 60.3% Last 90 Days 8.59 Positive Days Only -2.46 Last 90 Days -39%
Worst -7.1% Last 60 Months 11.98 Negative Days Only -2.24 Last 60 Months 22%
Monthly Returns (Last 60 Months) Intra-Day Swing (Last 90 Days) Beta vs. Group 1.66 Correlation vs. Group
Best 37.5% Average 5.4% Positive Days Only 0.94 Last 90 Days 16%
Worst -36.5% Largest 47.7% Negative Days Only 2.31 Last 60 Months 53%
Page 8 of 11
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ZECON (ZECON-KU)
Indust. & Commercial Svcs. / Construction & Engineering / Construction & Engineering DETAILED STOCK REPORT
Report Date: 05 December 2019
Price Momentum Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive ZECON 8 8 9 7 9
ZELAN 6 7 6 6 8
Neutral OCR 9 3 10 4 5
BPURI 2 1 2 3 1
Negative
IREKA NR 5 NR NR NR
DEC-2016 DEC-2017 DEC-2018 DEC-2019
ZECON
OCR
ZELAN
ZELAN
OCR BPURI
ZECON
BPURI
IREKA IREKA
Relative Strength Indicator (Scale from 1 to 100) Average Monthly Return (Last 10 Years)
ZECON Industry Avg DEC JAN FEB
Last 1 Month 74 51 Company Avg -6.9% 3.4% -2.7%
Last 3 Months 65 50 Industry Avg 0.0% 4.3% 1.2%
Last 6 Months 59 50 Industry Rank 33 of 52 12 of 52 27 of 51
PRICE PERFORMANCE
Daily close prices are used to calculate the ZECON ZECON FBM KLCI
performance of the stock as compared to a
FBM KLCI Close Price (05/12/19) 0.59 1,561
relevant index over five time periods.
52-Week High 0.69 1,731
73.5%
1-Week 52-Week Low 0.15 1,551
-1.7%
57.3% - The Price Momentum Rating for Zecon is at its 3-year high of
1-Month
-2.7% 9.
- On 05/12/19, ZECON closed at 0.59, 14.5% below its 52-week
93.4%
3-Month high and 293.3% above its 52-week low.
-2.4%
- ZECON shares are currently trading 65.3% above their 50-day
257.6% moving average of 0.36, and 90.9% above their 200-day
YTD moving average of 0.31.
-7.7%
136%
1-Year
-7.9%
Page 9 of 11
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The Financial and Risk business of Thomson Reuters is now Refinitiv.
ZECON (ZECON-KU)
Indust. & Commercial Svcs. / Construction & Engineering / Construction & Engineering DETAILED STOCK REPORT
Report Date: 05 December 2019
Page 10 of 11
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The Financial and Risk business of Thomson Reuters is now Refinitiv.
ZECON (ZECON-KU)
Indust. & Commercial Svcs. / Construction & Engineering / Construction & Engineering DETAILED STOCK REPORT
Report Date: 05 December 2019
Valuation Averages
Negative values are excluded when calculating the averages. A maximum value of
100 is placed on Trailing P/E and Forward P/E, a maximum value of 5 is placed on
Forward PEG, and a maximum value of 20 is placed on Price to Sales when
calculating the averages. Higher values are rounded down to the maximum for the
averages.
Valuation Multiples
The valuation multiples provide the Trailing P/E, Forward P/E, Forward PEG, and
Price to Sales for the company and the S&P 500 index average. In addition, a
comparison of the current company’s values to its 5-year average and an industry
average are presented. A discount occurs when the company’s ratio is valued more
favorably (lower) than that to which it is compared.
Risk
The Risk Rating displays stocks on a scale of 1 to 10 with 10 being awarded to the
least risky stocks. It is derived by looking at a series of long-term (5-year) and
short-term (90-day) stock performance measures including volatility, magnitude of
returns, beta, and correlation. Each factor is equally weighted. Then, equal deciles
are used to rank each stock across the market. A stock needs to have at least two
of the four risk factors in order to receive a score.
● Magnitude of Returns – The best / worst daily returns in the past 90 days and the
best / worst monthly returns in the past 60 months.
● Volatility – The standard deviation of the stock price over the last 90 days and
last 60 months, along with the average and largest intra-day stock swing.
● Beta – Measures the tendency of a security’s returns to respond to swings in the
market, based on the beta of the company versus the relevant index.
● Correlation – Determines how closely the returns of the stock and the relevant
index move together, measured over the last 90 days and last 60 months.
Risk Analysis
Price analysis for the company and the relevant index is provided over two time
periods. Daily analysis is provided for the last 90 days, whereas monthly statistics
are used for the last 60 months.
Price Momentum
The Price Momentum Rating is based on a combination of two technical
performance factors: relative strength (70% weight) and seasonality (30% weight).
After the weightings are considered to combine individual factors, equal deciles are
used to rank each stock across the market on a scale of 1 to 10, with 10 being most
favorable. A stock needs to have data for the relative strength factor in order to
receive a score.
● Relative Strength – The relative strength of the company for the last 1 month, 3
months, and 6 months on a scale of 1 to 100.
● Seasonality – The average monthly return (price performance) for the current
month and next 2 months for the company and industry, over the past 10 years.
A lower industry rank indicates a higher return.
Price Performance
Daily close prices are used to calculate the price performance of the stock. The
performance of the relevant index is also displayed as a means of comparison.
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Any forward-looking statements included in the Thomson Reuters content are based
on certain assumptions and are subject to a number of risks and uncertainties that
could cause actual results to differ materially from current expectations. There is no
assurance that any forward-looking statements will materialize.
The content in this Thomson Reuters report does not constitute investment advice
or a recommendation to buy or sell securities of any kind. Past performance is not a
guarantee of future results. Investors should consider this report as only a single
factor when making an investment decision.
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