7050 WONG | Malaysia
WONG ENGINEERING CORPORATION
RM 0.65 on: 2021-01-22
-0.76% Past 1-day return
-9.72% Past 5-day return
Price/Valuation Analysis
Current Price Status
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Stock is Under Pressure
Market is pricing a weaker earning growth potential than the industry average.
Undervalued stock can be true bargain buy if the stock is believed to be only under pressured for a short-term weak earning growth. -
Company is in Positive Earning
Fair Value
- WONG current price is 18.46% 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 9.53% -
Below 30-Day Average
Current price RM0.65 is below 30-day average RM0.66 by 1.5%
| Return (%) | WONG | Metals/Minerals |
|---|---|---|
| 1-Day | -0.76% | +0.3% |
| 5-Day | -9.72% | -0.19% |
| 30-Day | -13.91% | +5.19% |
Bank Analyst Price Targets
Revenue & Earning Growth Analysis
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Recent Positive Revenue Growth
WONG managed to achieve better revenue growth for past 2 quarters by average +53%.
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Unstable Profit Growth
WONG has been experiencing substantial ups and downs on profit growth.
Past Quarter Reports
| Quarter Date | Revenue (RM) | (%) | EPS (RM) | (%) |
|---|---|---|---|---|
| 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% |
| 2019-10-31 | 18,785k | +15% | 0.0355 | +255% |
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 RM181k 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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WONG recent daily traded volume is 33.33% higher than past month average.
| Past 30-Day | Past 5-Day |
|---|---|
| 9k daily | 12k daily |
Financials
Price History Chart
Past 30-day Average Price: RM0.66
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.