Risk factor
Very poor trading liquidity
Profitability factor
Greatly undervalued vs peers
About
Able Global Berhad, an investment holding firm headquartered in Skudai, Malaysia, was founded in 1973. The company primarily engages in the production and distribution of tin cans and various dairy products within Malaysia, structuring its operations into two main divisions. The Tin Cans Manufacturing division focuses on creating a diverse range of metal containers, including tins and cans, while also providing tinplate printing services. This segment caters to a broad spectrum of industries, such as the biscuit, paint and chemical, edible oil, and food processing sectors. The Food and Beverage (F&B) division is dedicated to manufacturing and marketing milk and other related dairy items, encompassing sweetened condensed milk, evaporated milk, and milk powder. Furthermore, this segment is involved in the packaging and trading of various dairy commodities. Beyond these core activities, Able Global Berhad also participates in property development and the wholesale distribution of dairy products. Its goods are exported internationally, with key markets including West Africa, the South-East Asia Region, Europe, and the American Continent. The company was formerly known as Johore Tin Berhad, adopting its current name, Able Global Berhad, in July 2021.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD
Target Price
The average target price of 7167.KL is 2.0 and suggests 29.9% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in