Stock Review – CYL (7157) (CYL CORPORATION BERHAD)

Bursa Malaysia - 7157
Bloomberg - CYLC:MK
Yahoo - 7157 . kl

Webpage - http://www.cylcorporation.com/

Company Profile

CYL principally involved in the business of manufacturing and supplying of plastic packaging product. CYL caters blow  molded plastic products to automotive lubricants industries.

Financial Statement

CYL trade receivable had decrease from RM 13,519,384 in 2017 to RM 12,299,868, 9.02 % decrease however there is also a decrease in trade receivable past due but not impaired a well from RM 2,657,576 to RM 1,718,319. These has made the trade receivable neither past due nor impaired for 2018 is RM 10,581,549 only decrease by only 2.58% compared to RM 10,861,808 in 2017.

In 2018 annual report, there is other investment RM 1,505698. These other investment representing investment in a Shariah-compliant money market fund which is managed by a local financial institution.

PROS:

è 35.34% decrease in trade receivable past due but not impaired in 2018

CYL does not had any borrowing.

PROS:

è CYL does not had any borrowing

Financial Ratio

Description	2018	2017	Different
Gross Profit Margin	0.39	0.42	- 0.03
Net Profit Margin	0.02	0.04	- 0.02
Interest Coverage Ratio	N/A	N/A	N/A
Effective Tax	0.27	0.12	0.15

Dividend and Bonus Issued for the past five year

CYL had constant dividend for the past five year from 2013 – 2017 with the average dividend of RM 0.051 with the dividend yield of 8.79 % (base on closing price 7 September 2018 RM 0.58).

PROS: è CYL has dividend yield of 8.79 % which is higher than fix deposit rate of 3.15%

Market Research

None

Estimated Price

IVKLS Price : RM 0.18

Peers

1)   SCIENTIX

2)   ATAIMS

3)   KIANJOO

4)   MCT

5)   DAIBOCI

6)    PERSTIM

7)   SLP

8)   TGUAN

9)   SCGM

10) IRETEX

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