Risk factor
Very high price volatility
Profitability factor
Solid dividends
About
TAS Offshore Berhad functions as an investment holding firm, primarily focusing on shipbuilding, ship repair, and vessel chartering across Malaysia, Singapore, and Indonesia. Its extensive shipbuilding operations encompass the complete process from constructing hulls and superstructures to installing propulsion and power systems, communication, navigation, and surveillance technologies, as well as machinery, interior outfitting, painting, and the ultimate testing and commissioning of vessels. The company manufactures a diverse range of specialized maritime craft, such as anchor handling tug supply (AHTS) vessels, conventional anchor handling tugs, utility and offshore supply vessels, tugboats, pusher tugs, landing craft, ferries, and container carriers. Furthermore, TAS Offshore Berhad delivers comprehensive ship repair services, including routine maintenance and inspection of marine engines, machinery, piping, and wiring, alongside repainting, fixing damage from collisions or other incidents, and the installation of new equipment. Established in 1977, the company's main office is located in Sibu, Malaysia.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBIT