AlphaIndicator TANC 20230212

TANCO HOLDINGS (TANCO-KU)
Real Estate / Real Estate Operations / Real Estate Rental & Dev. DETAILED STOCK REPORT
Report Date: 2023-Feb-13
Last Close Avg Daily Vol 52-Week High Trailing PE Annual Div ROE LTG Forecast 1-Mo Return
0.46 (MYR) 18.7M 0.63 -- -- -6.9% -- 19.5%
2023 February 10 Market Cap 52-Week Low Forward PE Dividend Yield Annual Rev Inst Own 3-Mo Return
MALAYSIA Exchange
820M 0.16 -- -- 35M 0.02% 33.3%
AVERAGE SCORE
NEGATIVE OUTLOOK: TANCO's current score Score Averages
of 3 places it among the bottom quartile of stocks Real Estate Operations Group: 4.9 Small Market Cap: 5.3
scored. Real Estate Sector: 5.0 FBM KLCI Index: 6.0
Average Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive KSL 7 8 9 9 9
MKH 8 9 7 7 7
Neutral HCK 4 4 5 5 5
BJASSET 3 3 3 3 3
Negative
TANCO 1 2 3 3 3
2020-02 2021-02 2022-02 2023-02
HIGHLIGHTS I/B/E/S MEAN

- The score for Tanco Holdings last changed from 2 to 3 on
2022-12-04 and has remained the same for 11 weeks. NA Mean recommendation from all analysts covering
0 Analysts the company on a standardized 5-point scale.
- In the past 3 years, the best score was 4 on 2020-02-23, and
the worst score was 1 on 2022-09-18.
Strong Strong
Sell Hold Buy
Sell Buy
PRICE AND VOLUME CHARTS

1-Year Return: 162.9% 5-Year Return: 382%
BUSINESS SUMMARY
Tanco Holdings Berhad is a Malaysia-based investment holding company. The Company, through its subsidiaries, is engaged principally in property
and resort development. Its segments include Property development/Management; Resorts and Club Operation/Management; Construction, and
Investment holding. The Company has diversified investments, such as pharmaceutical, money lending, MM2H program and property management
services. Its subsidiaries include Herbitec (M) Sdn Bhd, which is engaged in research, development, manufacturing, and sales of pharmaceutical
products and/or health supplements, such as Noden, Livarton, and Kinetic; BizCredit Sdn. Bhd., which is engaged in the money lending business; Palm
Springs Resort (MM2H) Sdn. Bhd., which provides services in relations to My Second Home (MM2H) program; Splash Park Sdn. Bhd., which is
engaged in the provision of property management services, and Tanco Supplies Sdn. Bhd., which is engaged in property development and
construction.
Page 1 of 11
© 2023 Refinitiv. All rights reserved.
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.
Earnings Fundamental Relative Valuation Risk Price Momentum
PEER ANALYSIS Currency in MYR
PRICE MOMENTUM VALUATION FUNDAMENTAL ANALYSTS

Average Price 1-Mo 3-Mo 1-Yr Market Trailing Forward Dividend Net LTG I/B/E/S # of
Score Ticker (2023-02-10) Return Return Return Cap PE PE Yield Margin Forecast Mean Analysts
6 MAHSING 0.60 5.3% 16.5% -12.4% 1.5B 11.8 9.7 4.4% 6.7% -- Buy 11
3 UEMS 0.26 8.3% 26.8% -21.2% 1.3B -- 21.7 -- -5.7% -- Hold 10
5 TELADAN 1.24 -2.4% 7.8% 101.6% 1.0B 26.5 -- 1.1% 16.0% -- -- --
5 HCK 2.16 1.4% 1.4% 0.47% 982M 1019.0 -- -- 1.0% -- -- --
9 KSL 0.85 9.0% 17.2% 26.9% 882M 4.8 -- -- 28.7% -- -- --
3 TANCO 0.46 19.5% 33.3% 162.9% 820M -- -- -- -33.4% -- -- --
3 BJASSET 0.30 -3.2% 1.7% 5.3% 767M -- -- -- -20.3% -- -- --
7 MKH 1.24 -1.6% 6.0% -5.3% 727M 6.6 8.9 3.2% 11.6% -- Hold 1
4 MULPHA 2.28 6.5% 1.8% -5.8% 709M 16.9 -- -- 5.1% -- -- --
8 LBS 0.41 -6.8% 2.5% -16.3% 643M 5.2 4.9 3.8% 7.1% -- Buy 5
4 E.O 0.42 1.2% 1.2% -30.6% 620M 7.1 8.4 -- 33.9% -- Buy 1
5.2 Average 0.93 3.4% 10.6% 18.7% 902M 137.2 10.7 3.1% 4.6% -- Buy 5.6
PEER COMPANIES
BJASSET Berjaya Assets MAHSING Mah Sing Group
E.O Eastern & Oriental MKH MKH
HCK HCK Capital Group MULPHA Mulpha International
KSL KSL Holdings TELADAN Teladan Setia Group
LBS Lbs Bina Group UEMS UEM Sunrise
Page 2 of 11
EARNINGS Currency in MYR
This company does not currently meet the data Earnings Score Averages
requirements to calculate a score for this Real Estate Operations Group: 6.3 Small Market Cap: 5.4
component. Real Estate Sector: 6.1 FBM KLCI Index: 4.6
Earnings Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive MKH NR NR 3 3 3
BJASSET NR NR NR NR NR
Neutral HCK NR NR NR NR NR
KSL NR NR NR NR NR
Negative
TANCO NR NR NR NR NR
2020-02 2021-02 2022-02 2023-02
EARNINGS INDICATORS
Earnings Surprises Estimate Revisions Recommendation Changes
(33.3% weight) (33.3% weight) (33.3% weight)
MKH
MKH
BJASSET BJASSET BJASSET

HCK HCK HCK
KSL KSL KSL
TANCO TANCO MKH
TANCO
Last 4 Quarters Last 4 Weeks Last 120 Days
# Positive Surprises (>2%) 0 # Up Revisions -- # Broker Upgrades 0
# Negative Surprises (<-2%) 0 # Down Revisions -- # Broker Downgrades 0
# In-Line Surprises (within 2%) 0 Avg Up Revisions --
Avg Surprise -- Avg Down Revisions --
HIGHLIGHTS PRICE TARGET

- Due to a lack of recent analyst activity, no Earnings Rating can be The chart indicates where analysts predict the stock price will be within
calculated for Tanco Holdings. The average Earnings Rating for its the next 12 months, as compared to the current price.
Real Estate Rental & Dev industry is 6.3 and the FTSE BURSA
MALAYSIA COMPOSITE index average is 4.6. 12-Month Price Target
Mean (MYR) --
- There have been no upward or downward broker recommendation
High --
changes for Tanco Holdings over the past 120 days.
Data is not available Low --
Target vs. Current --
# of Analysts --
Current Price Price Target

(MYR)
Page 3 of 11
EARNINGS PER SHARE

Actuals Estimates
Earnings per share (EPS) is calculated Quarterly -- --

by dividing a company's earnings by the Mean -- --
number of shares outstanding. Analysts Quarterly data is not available
tend to interpret a pattern of increasing High -- --
earnings as a sign of strength and flat Low -- --
or falling earnings as a sign of
# of Analysts -- --
weakness.
The charts provide a comparison NA NA NA NA

between a company's actual and
estimated EPS, including the high and Actuals Estimates
low forecasts.
Annual -- --
Mean -- --
Annual data is not available
High -- --
Low -- --
# of Analysts -- --
NA NA NA NA
MEAN ESTIMATE TREND ANALYST RECOMMENDATIONS

Q Q Y Y Price I/B/E/S Mean: NA (0 Analysts)
-- -- -- -- Target
Strong Buy 0
Current -- -- -- -- --
30 Days Ago -- -- -- -- -- Buy 0
90 Days Ago -- -- -- -- -- Hold 0
% Change (90 Days) -- -- -- -- --
Sell 0
Current Fiscal Year End: --
Strong Sell 0
Next Expected Report Date: --
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
FUNDAMENTAL
NEUTRAL OUTLOOK: Fundamentals relatively Fundamental Score Averages
in-line with the market. Real Estate Operations Group: 4.7 Small Market Cap: 5.3
Real Estate Sector: 4.8 FBM KLCI Index: 5.8
Q1 Q2 Q3 Q4
Fundamental Score Trend Peers 2022 2022 2022 2022 Current 3Y Trend
KSL 7 7 7 2 8
Positive
MKH 9 8 8 10 7
Neutral TANCO 2 4 3 3 4
Negative BJASSET 2 3 3 4 3
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 HCK 1 1 1 1 1
2020 2021 2022
FUNDAMENTAL INDICATORS
Profitability Debt Earnings Quality Dividend
(25% weight) (25% weight) (25% weight) (25% weight)
KSL KSL MKH
MKH
MKH
TANCO BJASSE…
BJASSE…
MKH HCK
TANCO
TANCO
HCK
HCK KSL
BJASSE…
BJASSE…
HCK
KSL
TANCO
Revenue Growth 690.2% Current Ratio 0.9 Oper. Cash Yield -121.8% Dividend Growth --
For year over year For interim period For latest 12 months For year over year
ending 2022-09 ending 2022-09 ending -- ending --
Gross Margin 15.9% Debt-to-Capital 3.4% Accruals 1.9% Dividend Payout --
For latest 12 months For annual period For latest 12 months For latest 12 months
ending 2022-09 ending 2022-06 ending 2022-06 ending --
Return On Equity -6.9% Interest Funding -16.6% Days Sales In Inv. 2185.0 Dividend Coverage --
For interim period For interim period For annual period For annual period
Net Margin -33.4% Interest Coverage 0.1 Days Sales In Rec. 180.1 Current Div. Yield --
For latest 12 months For interim period For annual period For latest 12 months
HIGHLIGHTS
- Tanco Holdings currently has a Fundamental Rating of 4. The average - The company's days sales in inventory has been higher than its
Fundamental Rating for its Real Estate Operations industry group is industry group average for each of the past five years.
4.7 and the FTSE BURSA MALAYSIA COMPOSITE index average is - Tanco Holdings does not currently pay a dividend. Of 94 firms within
5.8. the Real Estate Operations industry group, it is among the 63
- The year-over-year revenue growth of 690% for TANCO is the highest companies without a dividend.
within its Real Estate Operations industry group.
- The company's current ratio has been lower than its industry group
average for each of the past five years.
Page 5 of 11
RELATIVE VALUATION
NEGATIVE OUTLOOK: Multiples significantly Relative Valuation Score Averages
above the market or the stock's historic norms. Real Estate Operations Group: 5.2 Small Market Cap: 5.7
Relative Valuation Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive MKH 7 8 7 8 8
KSL 5 6 7 7 7
Neutral BJASSET 1 1 2 2 2
HCK 1 1 1 1 1
Negative
TANCO 1 1 1 1 1
2020-02 2021-02 2022-02 2023-02
RELATIVE VALUATION INDICATORS

Price to Sales Trailing PE Forward PE
(33.3% weight) (33.3% weight) (33.3% weight)
KSL
MKH
MKH
MKH
KSL
BJASSET
HCK HCK
TANCO
BJASSET BJASSET
TANCO HCK
KSL
TANCO
Price to Sales 22.8 Trailing PE -- Forward PE --

5-Yr Average 19.8 5-Yr Average -- 5-Yr Average --
Rel. to 5-Yr Avg. 15% Premium Rel. to 5-Yr Avg. -- Rel. to 5-Yr Avg. --
FBM KLCI Index 2.1 FBM KLCI Index 17.3 FBM KLCI Index 13.8
Rel. to FBM KLCI >100% Premium Rel. to FBM KLCI -- Rel. to FBM KLCI --
HIGHLIGHTS
- Tanco Holdings currently has a Relative Valuation Rating of 1 which is - TANCO's Price to Sales ratio of 22.8 represents a 15% Premium to its
significantly below the FTSE BURSA MALAYSIA COMPOSITE index 5-year average of 19.8.
average rating of 4.3.
Page 6 of 11
PRICE TO SALES TRAILING PE

The most recent week's close price divided by the revenue per share. The most recent week's close price divided by the sum of the four most
recently reported quarterly earnings.
Price to Sales: 22.8 Trailing PE: --
5-Year Average: 19.8 5-Year Average: --
FBM KLCI Index Average: 2.1 FBM KLCI Index Average: 17.3
Real Estate Operations Group Average: 1.5 Real Estate Operations Group Average: 20.2
>20.0 5-Yr Average 46
18.0 44
16.0 42
14.0 40
12.0 38
10.0 36
8.0 34
6.0 32
4.0 30
2.0 28
0.0 26
2018 2019 2020 2021 2022 2018 2019 2020 2021 2022
FORWARD PE FORWARD PEG

The most recent week's close price divided by the sum of the four The Forward P/E divided by the five-year forecasted growth rate.
upcoming quarterly consensus estimates.
Forward PE: -- Forward PEG: --
5-Year Average: -- 5-Year Average: --
FBM KLCI Index Average: 13.8 FBM KLCI Index Average: 1.2
Real Estate Operations Group Average: 16.7 Real Estate Operations Group Average: --
>50 >5.0
45 4.5
40 4.0
35 3.5
30 3.0
25 This valuation data is not available 2.5 This valuation data is not available
20 2.0
15 1.5
10 1.0
5 0.5
<0 <0.0
2018 2019 2020 2021 2022 2018 2019 2020 2021 2022
Page 7 of 11
RISK
NEGATIVE OUTLOOK: Variable return patterns Risk Score Averages
(high volatility). Real Estate Operations Group: 5.8 Small Market Cap: 4.9
Risk Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive HCK 8 8 9 9 9
KSL 7 7 8 8 9
Neutral MKH 10 10 9 9 9
BJASSET 8 7 5 5 5
Negative
TANCO 2 2 2 2 2
2020-02 2021-02 2022-02 2023-02
RISK INDICATORS
Magnitude of Returns Volatility Beta (1-year) Correlation
(25% weight) (25% weight) (25% weight) (25% weight)
HCK HCK
BJASSE… MKH
KSL KSL
HCK KSL
MKH MKH
TANCO
BJASSE… BJASSE…
MKH
HCK
TANCO TANCO KSL BJASSE…
TANCO
Daily Returns (Last 90 Days) Standard Deviation Beta vs. FBM KLCI 0.93 Correlation vs. FBM KLCI
Best 12.9% Last 90 Days 3.68 Positive Days Only 0.75 Last 90 Days 2%
Worst -8.8% Last 60 Months 23.65 Negative Days Only 2.20 Last 60 Months 11%
Monthly Returns (Last 60 Months) Intra-Day Swing (Last 90 Days) Beta vs. Group 1.97 Correlation vs. Group
Best 105.9% Average 5.3% Positive Days Only 1.18 Last 90 Days 18%
Worst -33.3% Largest 17.1% Negative Days Only 2.03 Last 60 Months 6%
HIGHLIGHTS RISK ANALYSIS

- Tanco Holdings currently has a Risk Rating of 2, which is Last 90 Days Last 60 Months
significantly below the FTSE BURSA MALAYSIA COMPOSITE Best Worst # # Largest Best Worst
index average rating of 8.8. Daily Daily Days Days Intra-Day Monthly Monthly
- On days when the market is up, TANCO tends to underperform Peers Return Return Up Down Swing Return Return
versus the FTSE BURSA MALAYSIA COMPOSITE index. Also, TANCO 12.9% -8.8% 21 22 17.1% 105.9% -33.3%
on days when the market is down, the shares generally
decrease more than the index. BJASSET 10.2% -10.6% 12 14 15.6% 33.3% -28.1%
- In both short-term and long-term periods, TANCO has shown HCK 3.3% -2.3% 12 13 2.7% 24.8% -5.5%
low correlation (>= -0.1 and < 0.2%) with the FTSE BURSA
MALAYSIA COMPOSITE index. Thus, this stock would provide KSL 2.6% -3.0% 24 14 4.0% 29.4% -36.6%
high levels of diversification to a portfolio similar to the broader
market. MKH 4.2% -5.7% 22 21 8.7% 25.0% -33.3%
- Over the last 90 days, TANCO shares have been more volatile FBM KLCI 4.0% -1.4% 25 32 3.4% 7.1% -8.9%
than the overall market. The stock's daily price fluctuations
have exceeded that of all FTSE BURSA MALAYSIA
COMPOSITE index firms.
Page 8 of 11
PRICE MOMENTUM Currency in MYR
POSITIVE OUTLOOK: Strong recent price Price Momentum Score Averages

performance or entering historically favorable Real Estate Operations Group: 4.8 Small Market Cap: 5.3
seasonal period. Real Estate Sector: 4.6 FBM KLCI Index: 5.5
Price Momentum Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive HCK 8 9 10 10 10
TANCO 7 9 9 9 9
Neutral BJASSET 5 6 7 7 7
KSL 7 9 8 6 7
Negative
MKH 4 5 6 5 6
2020-02 2021-02 2022-02 2023-02
PRICE MOMENTUM INDICATORS

Relative Strength Seasonality
(50% weight) (50% weight)
HCK
HCK
TANCO
TANCO
KSL
BJASSET
BJASSET
MKH
MKH
KSL
Relative Strength Indicator (Scale from 1 to 100) Average Monthly Return (Last 10 Years)
TANCO Industry Avg Feb Mar Apr
Last 10 Days 81 52 Company Avg 1.7% 9.1% 14.0%
Last 50 Days 62 53 Industry Avg 0.82% -0.30% 3.1%
Last 200 Days 56 50 Industry Rank 29 of 50 13 of 50 35 of 50
PRICE PERFORMANCE
Daily close prices are used to calculate the TANCO TANCO FBM KLCI
performance of the stock as compared to a
FBM KLCI Close Price (2023-02-10) 0.46 1,475
relevant index over five time periods.
52-Week High 0.63 1,619
8.2%
1-Week 52-Week Low 0.16 1,373
-1.1%
1-Month
19.5% - Tanco Holdings has a Price Momentum Rating of 9, which is
-0.7% significantly above the FTSE BURSA MALAYSIA COMPOSITE
index average rating of 5.9.
33.3% - On 2023-02-10, TANCO closed at 0.46, 27.0% below its 52-
3-Month
1.7% week high and 187.5% above its 52-week low.
37.3% - TANCO shares are currently trading 23.7% above their 50-day
YTD moving average of 0.37, and 47.9% above their 200-day
-1.4%
moving average of 0.31.
162.9%
1-Year
-6.1%
Page 9 of 11
DETAILED STOCK REPORT TIPS Mean Estimate Trend

The mean estimates show how the consensus has changed over the past 30 days
The Stock Report from Refinitiv is a comprehensive, company-specific analysis that and 90 days for the upcoming two quarters (when available) and two years. The
includes a proprietary Stock Rating along with underlying component indicators and percentage change is calculated for the company as a means for comparison by
supportive data elements. The report is updated daily, although some of the data measuring the difference between the current consensus estimate and that of 90
elements and the ratings are updated weekly. days ago.
Average Score Analyst Recommendations
The Stock Reports Plus Average Score combines a quantitative analysis of five The I/B/E/S Mean is the average recommendation of all analysts covering the stock,
widely-used investment decision making tools - Earnings, Fundamental, Relative as provided by I/B/E/S, the Institutional Brokers Estimate System, from Refinitiv.
Valuation, Risk, and Price Momentum. First, a simple average of the five underlying The recommendations are presented on a five-point standardized scale: strong buy,
component ratings is calculated. Then, a normal distribution is used to rank each buy, hold, reduce, and sell.
stock across the market on a scale of 1 to 10, with 10 being most favorable. A
score of 8 to 10 is considered positive, 4 to 7 is neutral, and 1 to 3 is negative. Earnings Surprises
These five factors may be evaluated differently using alternative methodologies, ● The surprise summary includes the total number of time periods (and
and the importance of individual factors varies across industry groups, market percentage) in the last 12 quarters (quarterly) or last 4 years (annual) in which
capitalization and investment styles. Additional criteria should always be used to earnings surprises were positive, negative, or in-line. In order to be recognized
evaluate a stock. as a positive or negative surprise, the percent must be greater than 2% above or
2% below the consensus, respectively.
A company must have sufficient data available for at least three of the five ● The surprise detail section includes a listing of the company's quarterly earnings
component indicators in order to receive an overall Average Score. Approximately reported for the most recent 6 periods (quarters or years). The consensus
85% of the stocks within the coverage universe meet the criteria to generate a analyst estimate is provided to determine if the actual earnings report
score. represented a positive surprise, negative surprise, or in-line result.
Indicator Components Fundamental
The five indicators that comprise the stock rating are displayed. Like the stock The Fundamental Rating is based on a combination of four fundamental component
rating, the component rating scale is 1 to 10, with 10 being best. A company will factors: profitability, debt, earnings quality, and dividend. Companies that do not
receive an ‘NR’ for No Rating if the required data elements or criteria are not met. A pay a dividend are not penalized. Each factor is equally weighted. Then, equal
detailed section for each component is included in the report. 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 at least two of the four fundamental
Indicator Trends factors present in order to receive a score.
Within each component section, historical score trends are displayed, typically using
a 4-week moving average over a timeframe of the past three years. The dotted ● Profitability is comprised of four data elements.
orange line indicates the average of the scores over those three years. The most - Revenue Growth: (Net Sales – Previous Net Sales) / Previous Net Sales
recent occurrences of the best and worst scores are also displayed on the chart in - Gross Margin: Gross Profit / Net Sales
grey boxes to put the current score into historical context. - Return on Equity: Net Income / Total Equity
- Net Margin: Net Profit / Net Sales
Next to the trend chart for the company, current score averages are included, along ● Debt is comprised of four data elements.
with peer company comparisons of values from 6 months ago, 3 months ago, 1 - Current Ratio: Current Assets / Current Liabilities
month ago, the most recent value from 1 week ago, and the current score. The four - Debt-to-Capital: Total Debt / Total Capital
closest industry peers are presented based on similar market capitalization. - Interest Funding: (Interest Expense on Debt + Preferred Cash Dividends) /
Funds from Operations
Peer Analysis - Interest Coverage: Earnings before Interest and Taxes / (Interest Expense on
● The Refinitiv Business Classification (TRBC) schema is used for industry Debt + Preferred Cash Dividends)
comparisons. It is designed to track and display the primary business of a ● Earnings Quality is comprised of four data elements.
corporation by grouping together correlated companies that offer products and - Operating Cash Yield: (Operating Cash Flow – Net Income) / Net Income
services into similar end markets. The system includes 10 Economic Sectors, 28 - Accruals: (Net Income – Operating Cash Flow – Investing Cash Flow) /
Business Sectors, 54 Industry Groups, and 136 Industries. Average Net Operating Assets
● The Peer Analysis section of the report compares the company to its ten closest - Days Sales in Inventory: 365 / (Cost of Goods Sold / Inventory)
peers. The peers are selected from the industry based on similar market - Days Sales in Receivables: 365 / (Net Sales / Receivables)
capitalization. The peer listing may have fewer than ten companies if there are ● Dividend is comprised of four data elements. The company must have a current
fewer than ten companies within that industry classification. dividend yield.
- Dividend Growth Rate: (Dividends per Share – Previous Dividends per Share)
Highlights / Previous Dividends per Share
The automated text-generation system from Refinitiv creates highlights - Dividend Payout: Dividends per Share / Earnings per Share
summarizing the most noteworthy data. The bullets will vary by company and will - Dividend Coverage: Funds from Operations / Cash Dividends
change from week to week as different criteria are met. - Dividend Yield: Annual Dividends per Share / Current Market Price per Share
Earnings Indicator Trend

The Earnings Rating is based on a combination of three factors: earnings surprise, The fundamental indicator trend displays either quarterly scores over the past three
estimate revision, and recommendation changes. Each factor is equally weighted. years or annual scores over the past six years, depending on the reporting periods
Then, equal deciles are used to rank each stock across the market on a scale of 1 for the country. The best and worst scores can be easily determined from the
to 10, with 10 being most favorable. A stock needs to have at least two of the three values shown on the chart for each quarter or year.
earnings factors in order to receive a score.
Relative Valuation
● Earnings Surprises - The number of positive and negative surprises within the The Relative Valuation Rating is based on a combination of three component
last 4 periods (quarters or years). factors: Price to Sales (50% weight), Trailing P/E (25% weight), and Forward P/E
● Estimate Revisions - The number of up and down revisions and the average (25% weight). After the weightings are considered to combine individual factors,
percentage change of those revisions within a 4 week period. equal deciles are used to rank each stock across the market on a scale of 1 to 10,
● Recommendation Changes - The number of broker upgrades and downgrades in with 10 being most favorable. These common valuation metrics are evaluated
the last 120 days. against the overall market, the index, and the company's own historic 5-year
averages. A stock needs to have at least one of the three relative valuation factors
Price Target in order to receive a score.
The price target is based on the predictions of analysts covering the stock and
shows the high, low and mean price expected within the next 12 months. ● Price to Sales: Close Price / (Sales for 4 Quarters or 1 Year / Shares
Outstanding)
Earnings Per Share ● Trailing P/E: Close Price / Most Recent 4 Quarters or 1 Year of Earnings
The quarterly and annual earnings per share are presented when available, along ● Forward P/E: Close Price / Upcoming 4 Quarters or 1 Year of Earnings
with the mean, high and low. Quarterly data is displayed for the past 4 quarters
(actual) and the next 2 quarters (estimated). Annual data is displayed for the past 2
years (actual) and the next 2 years (estimated).
Page 10 of 11
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.
DISCLAIMER
© 2021 Refinitiv. Republication or redistribution of Refinitiv content, including by
framing or similar means, is prohibited without the prior written consent of Refinitiv.
All information in this report is assumed to be accurate to the best of our ability.
Refinitiv is not liable for any errors or delays in Refinitiv content, or for any actions
taken in reliance on such content.
Any forward-looking statements included in the Refinitiv 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 Refinitiv 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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TANCO HOLDINGS (TANCO-KU)

HIGHLIGHTS I/B/E/S MEAN

PRICE AND VOLUME CHARTS

Earnings Fundamental Relative Valuation Risk Price Momentum

PEER ANALYSIS Currency in MYR

PRICE MOMENTUM VALUATION FUNDAMENTAL ANALYSTS

EARNINGS Currency in MYR

BJASSET BJASSET BJASSET

HIGHLIGHTS PRICE TARGET

Current Price Price Target

EARNINGS PER SHARE

Earnings per share (EPS) is calculated Quarterly -- --

The charts provide a comparison NA NA NA NA

MEAN ESTIMATE TREND ANALYST RECOMMENDATIONS

KSL KSL MKH

RELATIVE VALUATION INDICATORS

Price to Sales 22.8 Trailing PE -- Forward PE --

PRICE TO SALES TRAILING PE

FORWARD PE FORWARD PEG

HIGHLIGHTS RISK ANALYSIS

PRICE MOMENTUM Currency in MYR

POSITIVE OUTLOOK: Strong recent price Price Momentum Score Averages

PRICE MOMENTUM INDICATORS

DETAILED STOCK REPORT TIPS Mean Estimate Trend

Earnings Indicator Trend

Any forward-looking statements included in the Refinitiv content are based on

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