0216 SPRING | Malaysia
SPRING ART HOLDINGS BERHAD
RM 0.23 on: 2021-12-03
0% Past 1-day return
0% Past 5-day return
Price/Valuation Analysis
Current Price Status
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Stock is in Momentum
Stock is currently overvalued by the market with the expectation of annual earning growth at 39.22% to match current price.
Overvalued stock can be traded very volatile. If the earning growth momentum continue, overvalued stock can match into fair value, on the flip side, the downside risk can be huge if the stock is not meeting the market expectation. -
Company is in Positive Earning
Fair Value
- SPRING current price is 9.52% above OneDelta estimated fair value.
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The fair value is estimated via OneDelta proprietary model that updated daily basis based on stock fundamental and specific industry relative marco outlook. It can be assessed as stock potential upside range or the stock true value price in case of downside.
Relative Price Performance
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Outperformed
SPRING past 5-day return perform better than Home Furnishings industry average return by 1.39% -
Below 30-Day Average
Current price RM0.23 is below 30-day average RM0.25 by 8.7%
| Return (%) | SPRING | Home Furnishings |
|---|---|---|
| 1-Day | 0% | 0% |
| 5-Day | 0% | -1.39% |
| 30-Day | -6.12% | -8.14% |
Bank Analyst Price Targets
Revenue & Earning Growth Analysis
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High Volatile Revenue Growth
SPRING experienced high unstable ups & downs on revenue growth for past 4 quarters with average 75% range on both sides.
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Recent Positive Profit Growth
SPRING managed to achieve better profit growth on the past 2 quarters by average +883%.
Past Quarter Reports
| Quarter Date | Revenue (RM) | (%) | EPS (RM) | (%) |
|---|---|---|---|---|
| 2020-12-31 | 15,335k | -11% | 0.0103 | +41% |
| 2020-09-30 | 17,303k | +210% | 0.0073 | +1725% |
| 2020-06-30 | 5,580k | -66% | 0.0004 | -92% |
| 2020-03-31 | 16,195k | -6% | 0.0049 | +2% |
| 2019-12-31 | 17,285k | +5% | 0.0048 | -81% |
Volume Trend Analysis
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Recent Volume is Increasing
Surge in trading volume tends to bring more price volatility in near term.
Low Volume/Liquidity Stock
Only RM10k worth of stock was traded for this stock past month. Low liquidity stock is danger for price manipulation and more difficult to sell at market price.
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SPRING recent daily traded volume is 100% higher than past month average.
| Past 30-Day | Past 5-Day |
|---|---|
| 1k daily | 2k daily |
Financials
Price History Chart
Past 30-day Average Price: RM0.25
Stock Fundamental Factors
Fundamental factor characteristics help us understand and expect how the stock price will behave in short and long term.
Stock Thematic Baskets
Usually the more the stock is included in popular themes, the more opportunity for price-driven momentum and better liquidity.
Market News & Investor Opinions
Spring Art suspends factory ops due to Covid-19 cases
Spring Art to launch own B2C e-commerce website
Spring Art to launch B2C website in February, eyes RM3m sales
Spring Art proposes bonus issue of warrants
Spring Art plans bonus issue
Spring Art proposes 2 free warrants for 5 shares held
Spring Art attempting to extend upward move, says RHB Retail Research
Stock Company Profile
SPRING ART HOLDINGS BERHAD
Spring Art Holdings Bhd. operates as an investment holding company. The firm manufactures ready-to-assemble furniture products. It also engages in the design, development, manufacture and sale of office furniture, bedroom furniture, living room furniture and all other types of furniture. The company was founded in 1996 and is headquartered in Muar, Malaysia.