Average Score: Able Global (Ableglob-Ku)

ABLE GLOBAL (ABLEGLOB-KU)
Applied Resources / Containers & Packaging / Non-Paper Packaging DETAILED STOCK REPORT
Report Date: 2021-Oct-10
Last Close Avg Daily Vol 52-Week High Trailing PE Annual Div ROE LTG Forecast 1-Mo Return
1.74 (MYR) 901,973 2.08 12.0 0.05 12.4% -- 8.1%
2021 October 08 Market Cap 52-Week Low Forward PE Dividend Yield Annual Rev Inst Own 3-Mo Return
MALAYSIA Exchange
540M 1.42 12.7 3.2% 513M 13.5% 13.0%
AVERAGE SCORE
POSITIVE OUTLOOK: ABLEGLOB's current Score Averages
score of 9 places it within the top 15% of stocks Containers & Packaging Group: 6.9 Small Market Cap: 5.2
scored. Applied Resources Sector: 6.7 FBM KLCI Index: 6.9
Average Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive BPPLAS 10 10 9 10 10
ABLEGLOB 7 9 9 9 9
Neutral CANONE 9 9 10 9 9
PERSTIM 10 7 10 10 8
Negative
DAIBOCI 9 8 8 7 7
2018-10 2019-10 2020-10 2021-10
HIGHLIGHTS I/B/E/S MEAN

- The score for Able Global last changed from 8 to 9 on 2021-08-
29 and has remained the same for 7 weeks. Buy Mean recommendation from all analysts covering
1 Analyst the company on a standardized 5-point scale.
- In the past 3 years, the best score was 10 on 2021-01-24, and
the worst score was 7 on 2021-04-18.
Strong Strong
Sell Hold Buy
Sell Buy
PRICE AND VOLUME CHARTS

1-Year Return: 8.1% 5-Year Return: 85.1%
BUSINESS SUMMARY
Able Global Berhad, formerly Johore Tin Berhad, is a Malaysia-based company. The Company operates food & beverage and specialty metal
packaging business. Its food & beverage is engaged in manufacturing and selling of milk and other related dairy products. The Company's specialty
metal packaging is involved in the manufacturing of various tins, cans and other containers. The Company's brands include Able Farm, Jersey, Haka,
Tarik Tarik, Stella, Best, AF, and Bo..leh. The Company's subsidiaries include Able Diaries Sdn Bhd, Able Food Sdn Bhd, Johore Tin Factory Sdn Bhd,
Unican Industries Sdn. Bhd., Kluang Tin And Can Factory Sdn. Bhd. and Able Packaging S.A.P.I de C.V.
Page 1 of 11
© 2021 Refinitiv. All rights reserved.
INDICATOR COMPONENTS
The AVERAGE SCORE combines the quantitative analysis of five widely-used investment decision making tools: Earnings,
Fundamental, Relative Valuation, Risk, and Price Momentum. A simple average of the underlying component ratings is normally
distributed to rank stocks on a 1-10 scale (10 being awarded to the most favorable). These factors may be evaluated differently using
alternative methodologies and the importance of individual factors varies across industries, market capitalization and investment styles.
Additional criteria should always by used to evaluate a stock.
Earnings Fundamental Relative Valuation Risk Price Momentum
PEER ANALYSIS Currency in MYR
PRICE MOMENTUM VALUATION FUNDAMENTAL ANALYSTS

Average Price 1-Mo 3-Mo 1-Yr Market Trailing Forward Dividend Net LTG I/B/E/S # of
Score Ticker (2021-10-08) Return Return Return Cap PE PE Yield Margin Forecast Mean Analysts
9 SCIENTX 4.50 -3.2% 11.1% 34.8% 7.0B 15.3 13.7 2.0% 12.5% -- Buy 7
7 ATAIMS 2.63 0.0% 8.7% 52.0% 3.2B 20.6 17.8 1.3% 3.6% 20.0% Buy 5
10 TGUAN 2.73 -3.9% 9.2% 2.8% 1.1B 0.5 11.5 4.0% 7.9% -- Buy 2
9 CANONE 4.71 16.3% 48.1% 92.2% 905M 4.5 -- 0.9% 7.6% -- -- --
7 DAIBOCI 2.71 12.9% 15.8% 1.1% 889M 19.0 16.5 2.6% 7.8% -- Hold 3
9 ABLEGLOB 1.74 8.1% 13.0% 8.1% 540M 12.0 12.7 3.2% 8.7% -- Buy 1
10 BPPLAS 2.80 15.2% 70.7% 90.5% 526M 13.3 11.6 2.9% 10.7% -- Buy 1
8 PERSTIM 3.88 -8.3% -1.8% 8.3% 501M 9.3 -- 5.2% 5.3% -- -- --
8 SLP 0.97 -1.0% 1.6% 7.2% 306M 16.1 14.2 5.7% 11.5% -- Buy 1
3 TOMYPAK 0.54 -10.7% 12.5% -30.3% 233M 54.0 67.5 -- 2.6% -- Hold 2
5 DNONCE 0.38 -35.6% -19.1% -39.7% 119M 9.2 -- -- 6.8% -- -- --
7.7 Average 2.51 -0.9% 15.4% 20.6% 1.4B 15.8 20.7 3.1% 7.7% 20.0% Buy 2.8
PEER COMPANIES
ATAIMS ATA IMS PERSTIM Perusahaan Sadur Timah
BPPLAS BP Plastics Holding SCIENTX Scientex
CANONE Can-One SLP SLP Resources
DAIBOCI Daibochi TGUAN Thong Guan Industries
DNONCE D'nonce Technology TOMYPAK Tomypak Holdings
Page 2 of 11
EARNINGS Currency in MYR
NEUTRAL OUTLOOK: Mixed earnings Earnings Score Averages

expectations and performance. Containers & Packaging Group: 4.9 Small Market Cap: 5.2
Applied Resources Sector: 5.2 FBM KLCI Index: 5.9
Earnings Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive ABLEGLOB 2 7 7 6 6
DAIBOCI 4 4 4 1 1
Neutral BPPLAS NR NR NR NR NR
CANONE NR NR NR NR NR
Negative
PERSTIM NR NR NR NR NR
2018-10 2019-10 2020-10 2021-10
EARNINGS INDICATORS
Earnings Surprises Estimate Revisions Recommendation Changes
(33.3% weight) (33.3% weight) (33.3% weight)
ABLEGLO…
ABLEGLO…
BPPLAS
DAIBOCI DAIBOCI DAIBOCI
BPPLAS CANONE ABLEGLO…

CANONE PERSTIM BPPLAS
PERSTIM CANONE
PERSTIM
Last 4 Years Last 4 Weeks Last 120 Days

# Positive Surprises (>2%) 2 # Up Revisions 0 # Broker Upgrades 0
# Negative Surprises (<-2%) 2 # Down Revisions 0 # Broker Downgrades 0
# In-Line Surprises (within 2%) 0 Avg Up Revisions 0.0%
Avg Surprise -1.6% Avg Down Revisions 0.0%
HIGHLIGHTS PRICE TARGET

- Able Global currently has a relatively neutral Earnings Rating of 6. The chart indicates where analysts predict the stock price will be within
The average Earnings Rating for its Non-Paper Packaging industry is the next 12 months, as compared to the current price.
4.9 and the FTSE BURSA MALAYSIA COMPOSITE index average is
5.9. 2.60 12-Month Price Target
Mean (MYR) 2.30
- There have been no upward or downward broker recommendation 2.40 HIGH
MEAN High 2.30
changes for Able Global over the past 120 days. 2.20 LOW
Low 2.30
2.00 Target vs. Current 32.2%
1.74
1.80 # of Analysts 1
1.60
Current Price Price Target
(MYR)
Page 3 of 11
EARNINGS PER SHARE

Actuals Estimates
Earnings per share (EPS) is calculated Quarterly -- --

by dividing a company's earnings by the Mean -- --
number of shares outstanding. Analysts Quarterly data is not available
tend to interpret a pattern of increasing High -- --
earnings as a sign of strength and flat Low -- --
or falling earnings as a sign of
# of Analysts -- --
weakness.
The charts provide a comparison NA NA NA NA

between a company's actual and
estimated EPS, including the high and Actuals Estimates
low forecasts. 0.220
0.200 Annual 2021 2022

Mean 0.137 0.172
0.180 HIGH
0.157
MEAN High 0.137 0.172
LOW
0.160 Low 0.137 0.172
0.140 0.128 # of Analysts 1 1
0.120
2019 2020 2021 2022
MEAN ESTIMATE TREND ANALYST RECOMMENDATIONS

Q Q Y Y Price I/B/E/S Mean: Buy (1 Analyst)
-- -- 2021 2022 Target
Current -- -- 0.137 0.172 2.30
Strong Buy 0
30 Days Ago -- -- 0.137 0.172 2.30 Buy 1
90 Days Ago -- -- 0.137 0.172 2.30 Hold 0
% Change (90 Days) -- -- 0.0% 0.0% 0.0%
Sell 0
Current Fiscal Year End: 21-12
Next Expected Report Date: 2021-11-26 Strong Sell 0
EARNINGS SURPRISES
Comparing a company's actual earnings to the mean expectation of Surprise Detail (Last 6 Periods)
analysts results in a difference referred to as a 'positive' or 'negative'
surprise. Research has shown that when a company reports a Surprise Announce Period End Actual Mean Surprise
surprise, it is often followed by more of the same surprise type. Type Date Date EPS EPS (%)
Surprise Summary (Last 6 Years) Negative 2021-03-19 2020-12-31 0.128 0.143 -10.5%
Positive 2020-02-25 2019-12-31 0.157 0.148 6.1%
Surprise Type Amount Percent
Positive 2019-02-26 2018-12-31 0.124 0.101 22.8%
Positive Years (> 2%) 2 50.0%
Negative 2018-02-27 2017-12-31 0.086 0.114 -24.6%
Negative Years (< -2%) 2 50.0%
In-Line Years (within 2%) 0 --
ANNUAL REVENUE
A pattern of increasing sales in Actuals Estimates
conjunction with a rising EPS may HIGH
influence a buy recommendation, while 630M MEAN
LOW 2021 2022
flat or falling sales and faltering 600M
earnings may explain a sell 578.7M Mean 598.1M 628.4M
recommendation. A rising EPS with flat 570M High 598.1M 628.4M
or falling sales may result from
increased cost efficiency and margins, 540M
Low 598.1M 628.4M
rather than market expansion. This 501.9M Forecasted Growth 19.2% 25.2%
chart shows the sales forecast trend of 510M
# of Analysts 1 1
all analysts and the highest and lowest
projections for the current and next 480M
2019 2020 2021 2022
fiscal year.
Page 4 of 11
FUNDAMENTAL
POSITIVE OUTLOOK: Strong fundamentals Fundamental Score Averages
such as high profit margins, low debt levels, or Containers & Packaging Group: 6.5 Small Market Cap: 5.3
growing dividends. Applied Resources Sector: 5.9 FBM KLCI Index: 6.1
Q4 Q1 Q2 Q3
Fundamental Score Trend Peers 2020 2021 2021 2021 Current 3Y Trend
BPPLAS 10 NR NR NR 10
Positive
ABLEGLOB 9 NR NR NR 9
Neutral DAIBOCI 9 10 10 10 8
Negative PERSTIM 7 9 9 9 6
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 CANONE 5 NR NR NR 4
2019 2020 2021
FUNDAMENTAL INDICATORS
Profitability Debt Earnings Quality Dividend
(25% weight) (25% weight) (25% weight) (25% weight)
BPPLAS
BPPLAS ABLEGL… PERSTI…
ABLEGL…
ABLEGL… BPPLAS
CANON… DAIBOC… BPPLAS CANON…
DAIBOC… PERSTI… DAIBOC… DAIBOC…
PERSTI… ABLEGL…
CANON…
CANON…
PERSTI…
Revenue Growth -1.4% Current Ratio 3.0 Oper. Cash Yield 75.8% Dividend Growth -5.2%
For year over year For interim period For latest 12 months For year over year
ending 2021-06 ending 2021-06 ending 2021-06 ending 2021-06
Gross Margin 15.7% Debt-to-Capital 0.5% Accruals -3.0% Dividend Payout 37.7%
For latest 12 months For annual period For latest 12 months For latest 12 months
Return On Equity 12.4% Interest Funding 1.2% Days Sales In Inv. 89.6 Dividend Coverage 4.4
For interim period For interim period For annual period For annual period
Net Margin 8.7% Interest Coverage 53.1 Days Sales In Rec. 73.9 Current Div. Yield 3.2%
For latest 12 months For interim period For annual period For latest 12 months
HIGHLIGHTS
- Able Global currently has a Fundamental Rating of 9, which is - The company's days sales in inventory has been higher than its
significantly more bullish than the Containers & Packaging industry industry group average for each of the past five years.
group average of 6.5. - Of the 24 firms within the Containers & Packaging industry group, Able
- The company's net margin has been higher than its industry group Global is among 15 companies that pay a dividend. The stock's
average for each of the past five years. dividend yield is currently 3.2%.
- The company's current ratio has been higher than its industry group
average for each of the past five years.
Page 5 of 11
RELATIVE VALUATION
NEUTRAL OUTLOOK: Multiples relatively in-line Relative Valuation Score Averages
with the market. Containers & Packaging Group: 6.8 Small Market Cap: 5.7
Relative Valuation Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive CANONE 10 10 10 10 10
PERSTIM 7 7 10 9 10
Neutral ABLEGLOB 8 8 7 7 7
BPPLAS 10 9 7 6 6
Negative
DAIBOCI 9 8 7 5 5
2018-10 2019-10 2020-10 2021-10
RELATIVE VALUATION INDICATORS

Price to Sales Trailing PE Forward PE
(50% weight) (25% weight) (25% weight)
CANONE CANONE
BPPLAS
PERSTIM PERSTIM
ABLEGLO… ABLEGLO…
ABLEGLO…
DAIBOCI BPPLAS
DAIBOCI
BPPLAS DAIBOCI
CANONE
PERSTIM
Price to Sales 1.1 Trailing PE 12.0 Forward PE 12.7

5-Yr Average 0.8 5-Yr Average 11.4 5-Yr Average 11.6
Rel. to 5-Yr Avg. 27% Premium Rel. to 5-Yr Avg. 5% Premium Rel. to 5-Yr Avg. 10% Premium
FBM KLCI Index 2.6 FBM KLCI Index 16.3 FBM KLCI Index 16.6
Rel. to FBM KLCI 60% Discount Rel. to FBM KLCI 27% Discount Rel. to FBM KLCI 23% Discount
HIGHLIGHTS
- Able Global currently has a Relative Valuation Rating of 7 which is - ABLEGLOB's Trailing P/E of 12.0 represents a 5% Premium to its 5-
significantly above the FTSE BURSA MALAYSIA COMPOSITE index year average of 11.4.
average rating of 4.0. - ABLEGLOB's Forward P/E of 12.7 represents a 10% Premium to its 5-
- ABLEGLOB's 1.1 Price to Sales multiple is currently at the high end of year average of 11.6.
its 5-year range (lowest 0.6 to highest 1.1).
Page 6 of 11
PRICE TO SALES TRAILING PE

The most recent week's close price divided by the revenue per share. The most recent week's close price divided by the sum of the four most
recently reported quarterly earnings.
Price to Sales: 1.1 Trailing PE: 12.0
5-Year Average: 0.8 5-Year Average: 11.4
FBM KLCI Index Average: 2.6 FBM KLCI Index Average: 16.3
Containers & Packaging Group Average: 1.0 Containers & Packaging Group Average: 5.0
1.5 26
1.4 24
1.3 22
1.2 20
1.1 18
1.0 16
0.9 14
0.8 5-Yr Average 12 5-Yr Average
0.7 10
0.6 8
0.5 6
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
FORWARD PE FORWARD PEG

The most recent week's close price divided by the sum of the four The Forward P/E divided by the five-year forecasted growth rate.
upcoming quarterly consensus estimates.
Forward PE: 12.7 Forward PEG: --
5-Year Average: 11.6 5-Year Average: --
FBM KLCI Index Average: 16.6 FBM KLCI Index Average: 1.1
Containers & Packaging Group Average: 18.2 Containers & Packaging Group Average: --
40 >5.0
36 4.5
32 4.0
28 3.5
24 3.0
20 2.5 This valuation data is not available
16 2.0
12 5-Yr Average 1.5
8 1.0
4 0.5
0 <0.0
2017 2018 2019 2020 2021 2017 2018 2019 2020 2021
Page 7 of 11
RISK
NEUTRAL OUTLOOK: Moderate risk (medium Risk Score Averages
volatility). Containers & Packaging Group: 6.4 Small Market Cap: 4.9
Risk Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive PERSTIM 10 10 10 10 10
ABLEGLOB 9 8 7 7 7
Neutral BPPLAS 10 9 6 7 7
CANONE 8 8 9 7 7
Negative
DAIBOCI 10 9 8 7 7
2018-10 2019-10 2020-10 2021-10
RISK INDICATORS
Magnitude of Returns Volatility Beta (1-year) Correlation
(25% weight) (25% weight) (25% weight) (25% weight)
PERSTI… PERSTI…
PERSTI…
ABLEGL… BPPLAS
ABLEGL…
DAIBOC… DAIBOC…
BPPLAS
CANON…
CANON… PERSTI…
DAIBOC… CANON…
BPPLAS ABLEGL…
BPPLAS
CANON…
ABLEGL… DAIBOC…
Daily Returns (Last 90 Days) Standard Deviation Beta vs. FBM KLCI 0.70 Correlation vs. FBM KLCI
Best 6.0% Last 90 Days 1.86 Positive Days Only 0.97 Last 90 Days 20%
Worst -4.6% Last 60 Months 9.24 Negative Days Only 0.84 Last 60 Months 28%
Monthly Returns (Last 60 Months) Intra-Day Swing (Last 90 Days) Beta vs. Group 0.59 Correlation vs. Group
Best 27.1% Average 2.5% Positive Days Only 0.42 Last 90 Days 34%
Worst -22.6% Largest 7.2% Negative Days Only 0.81 Last 60 Months 61%
HIGHLIGHTS RISK ANALYSIS

- Able Global currently has a Risk Rating of 7 while the FTSE Last 90 Days Last 60 Months
BURSA MALAYSIA COMPOSITE index has an average rating Best Worst # # Largest Best Worst
of 8.9. Daily Daily Days Days Intra-Day Monthly Monthly
- On days when the market is up, ABLEGLOB tends to perform Peers Return Return Up Down Swing Return Return
in-line with the FTSE BURSA MALAYSIA COMPOSITE index. ABLEGLOB 6.0% -4.6% 23 25 7.2% 27.1% -22.6%
On days when the market is down, the shares generally
decrease by less than the index. BPPLAS 18.8% -7.3% 31 25 17.4% 33.9% -18.6%
- In the short term, ABLEGLOB has shown low correlation (>= - CANONE 14.4% -3.1% 31 25 13.4% 30.8% -27.1%
0.1 and < 0.2) with the FTSE BURSA MALAYSIA COMPOSITE
index. The stock has, however, shown average correlation (>= DAIBOCI 12.6% -2.9% 20 22 9.6% 42.3% -26.4%
0.2 and < 0.4) with the market in the long term.
PERSTIM 2.5% -5.6% 25 24 4.0% 17.6% -24.7%
- Over the last 90 days, ABLEGLOB shares have been more
volatile than the overall market, as the stock's daily price FBM KLCI 2.0% -1.3% 31 30 2.0% 7.1% -8.9%
fluctuations have exceeded that of 80% of FTSE BURSA
MALAYSIA COMPOSITE index firms.
Page 8 of 11
PRICE MOMENTUM Currency in MYR
POSITIVE OUTLOOK: Strong recent price Price Momentum Score Averages

performance or entering historically favorable Containers & Packaging Group: 6.1 Small Market Cap: 5.2
seasonal period. Applied Resources Sector: 6.9 FBM KLCI Index: 6.6
Price Momentum Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive ABLEGLOB 4 5 10 10 10
BPPLAS 3 10 10 10 10
Neutral CANONE 9 8 10 10 10
DAIBOCI 4 4 9 10 10
Negative
PERSTIM 9 3 9 7 2
2018-10 2019-10 2020-10 2021-10
PRICE MOMENTUM INDICATORS

Relative Strength Seasonality
(70% weight) (30% weight)
BPPLAS
ABLEGLO…
CANONE
CANONE
DAIBOCI
DAIBOCI
ABLEGLO…
BPPLAS
PERSTIM
PERSTIM
Relative Strength Indicator (Scale from 1 to 100) Average Monthly Return (Last 10 Years)
ABLEGLOB Industry Avg Oct Nov Dec
Last 1 Month 60 51 Company Avg 5.5% 3.3% 2.4%
Last 3 Months 55 52 Industry Avg 2.4% 2.1% 0.8%
Last 6 Months 52 53 Industry Rank 22 of 50 9 of 51 31 of 50
PRICE PERFORMANCE
Daily close prices are used to calculate the ABLEGLOB ABLEGLOB FBM Small
performance of the stock as compared to a
FBM Small Close Price (2021-10-08) 1.74 16,736
relevant index over five time periods.
52-Week High 2.08 17,381
-1.1%
1-Week 52-Week Low 1.42 12,796
4.3%
8.1% - The Price Momentum Rating for Able Global is at its 3-year
1-Month
3.1% high of 10.
- On 2021-10-08, ABLEGLOB closed at 1.74, 16.3% below its
13%
3-Month 52-week high and 22.5% above its 52-week low.
9.3%
- ABLEGLOB shares are currently trading 9.2% above their 50-
-13.4% day moving average of 1.59, and 4.4% above their 200-day
YTD moving average of 1.67.
7.5%
8.1%
1-Year
28.3%
Page 9 of 11
DETAILED STOCK REPORT TIPS Mean Estimate Trend

The mean estimates show how the consensus has changed over the past 30 days
The Stock Report from Refinitiv is a comprehensive, company-specific analysis that and 90 days for the upcoming two quarters (when available) and two years. The
includes a proprietary Stock Rating along with underlying component indicators and percentage change is calculated for the company as a means for comparison by
supportive data elements. The report is updated daily, although some of the data measuring the difference between the current consensus estimate and that of 90
elements and the ratings are updated weekly. days ago.
Average Score Analyst Recommendations
The Stock Reports Plus Average Score combines a quantitative analysis of five The I/B/E/S Mean is the average recommendation of all analysts covering the stock,
widely-used investment decision making tools - Earnings, Fundamental, Relative as provided by I/B/E/S, the Institutional Brokers Estimate System, from Refinitiv.
Valuation, Risk, and Price Momentum. First, a simple average of the five underlying The recommendations are presented on a five-point standardized scale: strong buy,
component ratings is calculated. Then, a normal distribution is used to rank each buy, hold, reduce, and sell.
stock across the market on a scale of 1 to 10, with 10 being most favorable. A
score of 8 to 10 is considered positive, 4 to 7 is neutral, and 1 to 3 is negative. Earnings Surprises
These five factors may be evaluated differently using alternative methodologies, ● The surprise summary includes the total number of time periods (and
and the importance of individual factors varies across industry groups, market percentage) in the last 12 quarters (quarterly) or last 4 years (annual) in which
capitalization and investment styles. Additional criteria should always be used to earnings surprises were positive, negative, or in-line. In order to be recognized
evaluate a stock. as a positive or negative surprise, the percent must be greater than 2% above or
2% below the consensus, respectively.
A company must have sufficient data available for at least three of the five ● The surprise detail section includes a listing of the company's quarterly earnings
component indicators in order to receive an overall Average Score. Approximately reported for the most recent 6 periods (quarters or years). The consensus
85% of the stocks within the coverage universe meet the criteria to generate a analyst estimate is provided to determine if the actual earnings report
score. represented a positive surprise, negative surprise, or in-line result.
Indicator Components Fundamental
The five indicators that comprise the stock rating are displayed. Like the stock The Fundamental Rating is based on a combination of four fundamental component
rating, the component rating scale is 1 to 10, with 10 being best. A company will factors: profitability, debt, earnings quality, and dividend. Companies that do not
receive an ‘NR’ for No Rating if the required data elements or criteria are not met. A pay a dividend are not penalized. Each factor is equally weighted. Then, equal
detailed section for each component is included in the report. deciles are used to rank each stock across the market on a scale of 1 to 10, with 10
being most favorable. A stock needs to have at least two of the four fundamental
Indicator Trends factors present in order to receive a score.
Within each component section, historical score trends are displayed, typically using
a 4-week moving average over a timeframe of the past three years. The dotted ● Profitability is comprised of four data elements.
orange line indicates the average of the scores over those three years. The most - Revenue Growth: (Net Sales – Previous Net Sales) / Previous Net Sales
recent occurrences of the best and worst scores are also displayed on the chart in - Gross Margin: Gross Profit / Net Sales
grey boxes to put the current score into historical context. - Return on Equity: Net Income / Total Equity
- Net Margin: Net Profit / Net Sales
Next to the trend chart for the company, current score averages are included, along ● Debt is comprised of four data elements.
with peer company comparisons of values from 6 months ago, 3 months ago, 1 - Current Ratio: Current Assets / Current Liabilities
month ago, the most recent value from 1 week ago, and the current score. The four - Debt-to-Capital: Total Debt / Total Capital
closest industry peers are presented based on similar market capitalization. - Interest Funding: (Interest Expense on Debt + Preferred Cash Dividends) /
Funds from Operations
Peer Analysis - Interest Coverage: Earnings before Interest and Taxes / (Interest Expense on
● The Refinitiv Business Classification (TRBC) schema is used for industry Debt + Preferred Cash Dividends)
comparisons. It is designed to track and display the primary business of a ● Earnings Quality is comprised of four data elements.
corporation by grouping together correlated companies that offer products and - Operating Cash Yield: (Operating Cash Flow – Net Income) / Net Income
services into similar end markets. The system includes 10 Economic Sectors, 28 - Accruals: (Net Income – Operating Cash Flow – Investing Cash Flow) /
Business Sectors, 54 Industry Groups, and 136 Industries. Average Net Operating Assets
● The Peer Analysis section of the report compares the company to its ten closest - Days Sales in Inventory: 365 / (Cost of Goods Sold / Inventory)
peers. The peers are selected from the industry based on similar market - Days Sales in Receivables: 365 / (Net Sales / Receivables)
capitalization. The peer listing may have fewer than ten companies if there are ● Dividend is comprised of four data elements. The company must have a current
fewer than ten companies within that industry classification. dividend yield.
- Dividend Growth Rate: (Dividends per Share – Previous Dividends per Share)
Highlights / Previous Dividends per Share
The automated text-generation system from Refinitiv creates highlights - Dividend Payout: Dividends per Share / Earnings per Share
summarizing the most noteworthy data. The bullets will vary by company and will - Dividend Coverage: Funds from Operations / Cash Dividends
change from week to week as different criteria are met. - Dividend Yield: Annual Dividends per Share / Current Market Price per Share
Earnings Indicator Trend

The Earnings Rating is based on a combination of three factors: earnings surprise, The fundamental indicator trend displays either quarterly scores over the past three
estimate revision, and recommendation changes. Each factor is equally weighted. years or annual scores over the past six years, depending on the reporting periods
Then, equal deciles are used to rank each stock across the market on a scale of 1 for the country. The best and worst scores can be easily determined from the
to 10, with 10 being most favorable. A stock needs to have at least two of the three values shown on the chart for each quarter or year.
earnings factors in order to receive a score.
Relative Valuation
● Earnings Surprises - The number of positive and negative surprises within the The Relative Valuation Rating is based on a combination of three component
last 4 periods (quarters or years). factors: Price to Sales (50% weight), Trailing P/E (25% weight), and Forward P/E
● Estimate Revisions - The number of up and down revisions and the average (25% weight). After the weightings are considered to combine individual factors,
percentage change of those revisions within a 4 week period. equal deciles are used to rank each stock across the market on a scale of 1 to 10,
● Recommendation Changes - The number of broker upgrades and downgrades in with 10 being most favorable. These common valuation metrics are evaluated
the last 120 days. against the overall market, the index, and the company's own historic 5-year
averages. A stock needs to have at least one of the three relative valuation factors
Price Target in order to receive a score.
The price target is based on the predictions of analysts covering the stock and
shows the high, low and mean price expected within the next 12 months. ● Price to Sales: Close Price / (Sales for 4 Quarters or 1 Year / Shares
Outstanding)
Earnings Per Share ● Trailing P/E: Close Price / Most Recent 4 Quarters or 1 Year of Earnings
The quarterly and annual earnings per share are presented when available, along ● Forward P/E: Close Price / Upcoming 4 Quarters or 1 Year of Earnings
with the mean, high and low. Quarterly data is displayed for the past 4 quarters
(actual) and the next 2 quarters (estimated). Annual data is displayed for the past 2
years (actual) and the next 2 years (estimated).
Page 10 of 11
Valuation Averages
Negative values are excluded when calculating the averages. A maximum value of
100 is placed on Trailing P/E and Forward P/E, a maximum value of 5 is placed on
Forward PEG, and a maximum value of 20 is placed on Price to Sales when
calculating the averages. Higher values are rounded down to the maximum for the
averages.
Valuation Multiples
The valuation multiples provide the Trailing P/E, Forward P/E, Forward PEG, and
Price to Sales for the company and the S&P 500 index average. In addition, a
comparison of the current company’s values to its 5-year average and an industry
average are presented. A discount occurs when the company’s ratio is valued
more favorably (lower) than that to which it is compared.
Risk
The Risk Rating displays stocks on a scale of 1 to 10 with 10 being awarded to the
least risky stocks. It is derived by looking at a series of long-term (5-year) and
short-term (90-day) stock performance measures including volatility, magnitude of
returns, beta, and correlation. Each factor is equally weighted. Then, equal deciles
are used to rank each stock across the market. A stock needs to have at least two
of the four risk factors in order to receive a score.
● Magnitude of Returns – The best / worst daily returns in the past 90 days and the
best / worst monthly returns in the past 60 months.
● Volatility – The standard deviation of the stock price over the last 90 days and
last 60 months, along with the average and largest intra-day stock swing.
● Beta – Measures the tendency of a security’s returns to respond to swings in the
market, based on the beta of the company versus the relevant index.
● Correlation – Determines how closely the returns of the stock and the relevant
index move together, measured over the last 90 days and last 60 months.
Risk Analysis
Price analysis for the company and the relevant index is provided over two time
periods. Daily analysis is provided for the last 90 days, whereas monthly statistics
are used for the last 60 months.
Price Momentum
The Price Momentum Rating is based on a combination of two technical
performance factors: relative strength (70% weight) and seasonality (30% weight).
After the weightings are considered to combine individual factors, equal deciles are
used to rank each stock across the market on a scale of 1 to 10, with 10 being most
favorable. A stock needs to have data for the relative strength factor in order to
receive a score.
● Relative Strength – The relative strength of the company for the last 1 month, 3
months, and 6 months on a scale of 1 to 100.
● Seasonality – The average monthly return (price performance) for the current
month and next 2 months for the company and industry, over the past 10 years.
A lower industry rank indicates a higher return.
Price Performance
Daily close prices are used to calculate the price performance of the stock. The
performance of the relevant index is also displayed as a means of comparison.
DISCLAIMER
© 2020 Refinitiv. Republication or redistribution of Refinitiv content, including by
framing or similar means, is prohibited without the prior written consent of Refinitiv.
All information in this report is assumed to be accurate to the best of our ability.
Refinitiv is not liable for any errors or delays in Refinitiv content, or for any actions
taken in reliance on such content.
Any forward-looking statements included in the Refinitiv content are based on

certain assumptions and are subject to a number of risks and uncertainties that
could cause actual results to differ materially from current expectations. There is no
assurance that any forward-looking statements will materialize.
The content in this Refinitiv report does not constitute investment advice or a
recommendation to buy or sell securities of any kind. Past performance is not a
guarantee of future results. Investors should consider this report as only a single
factor when making an investment decision.
Page 11 of 11

Average Score: Able Global (Ableglob-Ku)

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Average Score: Able Global (Ableglob-Ku)

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ABLE GLOBAL (ABLEGLOB-KU)

HIGHLIGHTS I/B/E/S MEAN

PRICE AND VOLUME CHARTS

Earnings Fundamental Relative Valuation Risk Price Momentum

PEER ANALYSIS Currency in MYR

PRICE MOMENTUM VALUATION FUNDAMENTAL ANALYSTS

EARNINGS Currency in MYR

NEUTRAL OUTLOOK: Mixed earnings Earnings Score Averages

DAIBOCI DAIBOCI DAIBOCI

BPPLAS CANONE ABLEGLO…

Last 4 Years Last 4 Weeks Last 120 Days

HIGHLIGHTS PRICE TARGET

EARNINGS PER SHARE

Earnings per share (EPS) is calculated Quarterly -- --

The charts provide a comparison NA NA NA NA

0.200 Annual 2021 2022

MEAN ESTIMATE TREND ANALYST RECOMMENDATIONS

RELATIVE VALUATION INDICATORS

Price to Sales 1.1 Trailing PE 12.0 Forward PE 12.7

PRICE TO SALES TRAILING PE

FORWARD PE FORWARD PEG

HIGHLIGHTS RISK ANALYSIS

PRICE MOMENTUM Currency in MYR

POSITIVE OUTLOOK: Strong recent price Price Momentum Score Averages

PRICE MOMENTUM INDICATORS

DETAILED STOCK REPORT TIPS Mean Estimate Trend

Earnings Indicator Trend

Any forward-looking statements included in the Refinitiv content are based on

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