Latest news with #RM1.56
Barnama
27-05-2025
- Business
- Barnama
KL Customs Thwarts Smuggling Of Agri-Drones, Liquor, Cannabis Buds
KUALA LUMPUR, May 27 (Bernama) -- The Kuala Lumpur Royal Malaysian Customs Department (JKDM) seized 20 drones for agricultural use worth RM1.56 million that were being smuggled in through the North Port in Klang. Customs assistant director-general (enforcement) Raizam Setapa @ Mustapha said the seizure was made at 5.15 pm on April 23, following the detention of a 20-foot container at the port and an inspection in collaboration with the Standards and Industrial Research Institute of Malaysia (SIRIM) uncovered electronic goods consisting of drones. 'A thorough inspection revealed 20 units of DJI Agras T50 drones worth RM1.56 million, involving taxes and duties estimated at RM78,000. 'The drones were brought in from an Asian country for the local market and was declared as kitchen towels,' he said in a statement here today. He said the importation of electronic merchandise such as drones required a Certificate of Approval (COA) from SIRIM before the merchandise is allowed into Malaysia. In a separate case, Raizam stated that Kuala Lumpur Customs seized 21,351 litres of duty-free liquor worth RM2.81 million at North Port on May 7, hidden in a container carrying goods declared as furniture. He said both cases were being investigated under Section 135(1)(a) of the Customs Act 1967 for importing prohibited goods. Meanwhile, Raizam said KL Customs also thwarted an attempt to smuggle out about 10 kilogrammes (kg) of cannabis flowers through the Mail and Courier Centre at Kuala Lumpur International Airport (KLIA) on April 29. According to him, the package, which was declared to contain books, clothes, and toys, was seized after officers on duty scanned it and found images of organic material.
The Sun
27-05-2025
- The Sun
KL Customs thwarts smuggling of agri-drones, liquor, cannabis buds
KUALA LUMPUR: The Kuala Lumpur Royal Malaysian Customs Department (JKDM) seized 20 drones for agricultural use worth RM1.56 million that were being smuggled in through the North Port in Klang. Customs assistant director-general (enforcement) Raizam Setapa @ Mustapha said the seizure was made at 5.15 pm on April 23, following the detention of a 20-foot container at the port and an inspection in collaboration with the Standards and Industrial Research Institute of Malaysia (SIRIM) uncovered electronic goods consisting of drones. 'A thorough inspection revealed 20 units of DJI Agras T50 drones worth RM1.56 million, involving taxes and duties estimated at RM78,000. 'The drones were brought in from an Asian country for the local market and was declared as kitchen towels,' he said in a statement here today. He said the importation of electronic merchandise such as drones required a Certificate of Approval (COA) from SIRIM before the merchandise is allowed into Malaysia. In a separate case, Raizam stated that Kuala Lumpur Customs seized 21,351 litres of duty-free liquor worth RM2.81 million at North Port on May 7, hidden in a container carrying goods declared as furniture. He said both cases were being investigated under Section 135(1)(a) of the Customs Act 1967 for importing prohibited goods. Meanwhile, Raizam said KL Customs also thwarted an attempt to smuggle out about 10 kilogrammes (kg) of cannabis flowers through the Mail and Courier Centre at Kuala Lumpur International Airport (KLIA) on April 29. According to him, the package, which was declared to contain books, clothes, and toys, was seized after officers on duty scanned it and found images of organic material. 'An inspection found a number of packages of organic material suspected to be cannabis flowers weighing 10.055 kg, estimated at RM993,936; the case is being investigated under Section 39B of the Dangerous Drugs Act 1952,' he said.
Yahoo
08-04-2025
- Business
- Yahoo
A Look At The Intrinsic Value Of Favelle Favco Berhad (KLSE:FAVCO)
The projected fair value for Favelle Favco Berhad is RM1.30 based on Dividend Discount Model Current share price of RM1.56 suggests Favelle Favco Berhad is potentially trading close to its fair value Industry average of 204% suggests Favelle Favco Berhad's peers are currently trading at a higher premium to fair value How far off is Favelle Favco Berhad (KLSE:FAVCO) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by estimating the company's future cash flows and discounting them to their present value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Don't get put off by the jargon, the math behind it is actually quite straightforward. We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. As Favelle Favco Berhad operates in the machinery sector, we need to calculate the intrinsic value slightly differently. Instead of using free cash flows, which are hard to estimate and often not reported by analysts in this industry, dividends per share (DPS) payments are used. This often underestimates the value of a stock, but it can still be good as a comparison to competitors. The 'Gordon Growth Model' is used, which simply assumes that dividend payments will continue to increase at a sustainable growth rate forever. The dividend is expected to grow at an annual growth rate equal to the 5-year average of the 10-year government bond yield of 3.6%. We then discount this figure to today's value at a cost of equity of 11%. Relative to the current share price of RM1.6, the company appears around fair value at the time of writing. Remember though, that this is just an approximate valuation, and like any complex formula - garbage in, garbage out. Value Per Share = Expected Dividend Per Share / (Discount Rate - Perpetual Growth Rate) = RM0.09 / (11% – 3.6%) = RM1.3 We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Favelle Favco Berhad as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 11%, which is based on a levered beta of 1.167. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. View our latest analysis for Favelle Favco Berhad Strength Earnings growth over the past year exceeded the industry. Debt is not viewed as a risk. Dividend is in the top 25% of dividend payers in the market. Weakness Current share price is above our estimate of fair value. Opportunity FAVCO's financial characteristics indicate limited near-term opportunities for shareholders. Lack of analyst coverage makes it difficult to determine FAVCO's earnings prospects. Threat Paying a dividend but company has no free cash flows. Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. DCF models are not the be-all and end-all of investment valuation. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Favelle Favco Berhad, we've compiled three additional aspects you should assess: Risks: To that end, you should learn about the 3 warning signs we've spotted with Favelle Favco Berhad (including 1 which is a bit concerning) . Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered! Other Top Analyst Picks: Interested to see what the analysts are thinking? Take a look at our interactive list of analysts' top stock picks to find out what they feel might have an attractive future outlook! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the KLSE every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
