Risk factor
Very high price volatility
Profitability factor
Undervalued vs peers
About
SK Target Group Limited, an investment holding enterprise, primarily focuses on the manufacturing and distribution of precast concrete junction boxes throughout Malaysia, branded under "Target." These concrete components are crucial for upgrading and expanding telecommunication and electrical infrastructures, as well as for various construction endeavors. The company's operations are divided into several key areas: Manufacturing and Trading, Other Building Materials and Services, Japanese Catering Services, and Sourcing Services. In addition to its core concrete products, SK Target Group also trades in related accessories and piping, including plinths for emergency telephones and street lighting footings. It further provides mobile crane rental and ancillary lifting services specifically for its precast concrete items. The company's diverse offerings also extend to catering and materials procurement solutions. Founded in 1993, its headquarters are situated in Seri Kembangan, Malaysia.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is 'cheap' on EV/EBITDA, trading at neutral level