7050 WONG | Malaysia
WONG ENGINEERING CORPORATION
RM 0.565 on: 2021-12-03
0% Past 1-day return
-61.03% Past 5-day return
Price/Valuation Analysis
Current Price Status
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Stock in Weak Growth Expectation
Stock is currently in distressed situation that the market is pricing a worse than industry average negative annual earning growth.
Stock in this situation can be good bargain if the stock beats the weak growth expectation or it can be long-term downtrend if the weak earning growth remains for a while. -
Company is in Positive Earning
Fair Value
- WONG current price is 20.35% below 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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Underperformed
WONG past 5-day return lagged behind the Metals/Minerals industry average return by 55.27% -
Below 30-Day Average
Current price RM0.565 is below 30-day average RM1.57 by 177.9%
| Return (%) | WONG | Metals/Minerals |
|---|---|---|
| 1-Day | 0% | -0.27% |
| 5-Day | -61.03% | -5.76% |
| 30-Day | -65.76% | -9.11% |
Bank Analyst Price Targets
Revenue & Earning Growth Analysis
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Strong Positive Revenue Growth
WONG has been achieving revenue growth for past 3 quarters by average +35%.
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Potential Better Profit Growth
WONG posted a better profit growth than average in the recent quarter.
Past Quarter Reports
| Quarter Date | Revenue (RM) | (%) | EPS (RM) | (%) |
|---|---|---|---|---|
| 2021-01-31 | 24,787k | +0% | 0.0181 | +448% |
| 2020-10-31 | 24,672k | +28% | 0.0033 | -83% |
| 2020-07-31 | 19,348k | +78% | 0.0199 | 0% |
| 2020-04-30 | 10,858k | -32% | -0.0008 | 0% |
| 2020-01-31 | 15,969k | -15% | 0.0057 | -84% |
Volume Trend Analysis
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Recent Volume is Decreasing
Decreasing trading volume tends to keep stock price range bound in near term.
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WONG recent daily traded volume is -22.92% lower than past month average.
| Past 30-Day | Past 5-Day |
|---|---|
| 48k daily | 37k daily |
Financials
Price History Chart
Past 30-day Average Price: RM1.57
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
Stock Company Profile
WONG ENGINEERING CORPORATION
Wong Engineering Corp. Bhd. engages in the manufacture of precision metal stamped parts, sheet metals, turned metal components, trading, marketing and retailing of industrial products. It provides product design, development and manufacturing services to oil & gas, aerospace, telecommunication, test instrument, automotive and medical devices sector. The firm operates through the following segments: Precision Engineering, Construction & Property Development and Others. The Precision Engineering segment designs and manufactures high precision metal stamped parts and sheet metals. The Construction and Property Development segment provides general buildings construction and infrastructure work, and provision of property development and related business. The Others segment includes investment holding activities. The company was founded in October 1982 and is headquartered in Kulim, Malaysia.