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Indust. & Commercial Svcs. / Prof. & Commercial Svcs. / Business Support Supplies DETAILED STOCK REPORT
Report Date: 2023-Feb-13
Last Close Avg Daily Vol 52-Week High Trailing PE Annual Div ROE LTG Forecast 1-Mo Return
0.59 (MYR) 1.0M 0.86 11.2 -- 18.7% -- -9.2%
2023 February 13 Market Cap 52-Week Low Forward PE Dividend Yield Annual Rev Inst Own 3-Mo Return
MALAYSIA Exchange
226M 0.33 -- -- 70M 0.00% -2.5%
AVERAGE SCORE
NEUTRAL OUTLOOK: TAFI's current score is Score Averages
relatively in-line with the market. Prof. & Commercial Svcs. Group: 5.3 Small Market Cap: 5.3
Indust. & Commercial Svcs. Sector: 5.2 FBM KLCI Index: 6.0
Average Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive PELIKAN 10 9 9 9 9
ASIAFLE 10 9 9 7 7
Neutral TAFI 6 7 7 6 6
EURO 6 5 4 3 3
Negative
AHB 1 1 2 1 1
2020-02 2021-02 2022-02 2023-02
BUSINESS SUMMARY
Tafi Industries Berhad is an investment holding company, which is engaged in the provision of management services. The Company operates in a
single industry in the business of manufacturing and marketing of furniture products. The furniture products of the Company are manufactured in
Malaysia. Its products are categorized into home series and office series. Its home series products include TA Romania Series, TA Shelby Series, TA
Tafi Series, TA Palais Series, TA Mirano Series, TA Maldives Series, TA Ladino Series, TA Hansel Living Room, TA Espen and TA Donica Series. Its
office series products include Filing Cabinet, TA Tafi-022, TA Tafi-023, Hercules Series, High Cabinet, New Model Reception Counter (Back View),
New Model Reception Counter (Front View), Bright Series and Espace Series. Its subsidiaries include T.A. Furniture Industries Sdn. Bhd., which is
engaged in manufacturing and marketing of furniture products, and Penquo Resources Sdn. Bhd., which invests in properties.
Page 1 of 11
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TAFI INDUSTRIES (TAFI-KU)
Indust. & Commercial Svcs. / Prof. & Commercial Svcs. / Business Support Supplies DETAILED STOCK REPORT
Report Date: 2023-Feb-13
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.
PEER COMPANIES
AHB AHB Holdings KOMARK Komarkcorp
ASIAFLE Asia File Corp MTAG Mtag Group
EMICO Emico Holdings PELIKAN Pelikan International Corp
EURO Euro Holdings REVENUE Revenue Group
FIMACOR Fima Corp SCICOM Scicom (Msc)
Page 2 of 11
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TAFI INDUSTRIES (TAFI-KU)
Indust. & Commercial Svcs. / Prof. & Commercial Svcs. / Business Support Supplies DETAILED STOCK REPORT
Report Date: 2023-Feb-13
This company does not currently meet the data Earnings Score Averages
requirements to calculate a score for this Prof. & Commercial Svcs. Group: 4.5 Small Market Cap: 5.4
component. Indust. & Commercial Svcs. Sector: 5.5 FBM KLCI Index: 4.6
Earnings Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive ASIAFLE 9 9 6 6 6
AHB NR NR NR NR NR
Neutral EURO NR NR NR NR NR
PELIKAN NR NR NR NR NR
Negative
TAFI NR NR NR NR NR
2020-02 2021-02 2022-02 2023-02
EARNINGS INDICATORS
Earnings Surprises Estimate Revisions Recommendation Changes
(33.3% weight) (33.3% weight) (33.3% weight)
ASIAFLE
ASIAFLE
ASIAFLE
Page 3 of 11
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TAFI INDUSTRIES (TAFI-KU)
Indust. & Commercial Svcs. / Prof. & Commercial Svcs. / Business Support Supplies DETAILED STOCK REPORT
Report Date: 2023-Feb-13
NA NA NA NA
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 12 Quarters)
Surprise Type Amount Percent There are no earnings surprises during this time period.
Positive Quarters (> 2%) 0 --
Negative Quarters (< -2%) 0 --
In-Line Quarters (within 2%) 0 --
ANNUAL REVENUE
A pattern of increasing sales in Actuals Estimates
conjunction with a rising EPS may
influence a buy recommendation, while NA NA
flat or falling sales and faltering
earnings may explain a sell Mean -- --
recommendation. A rising EPS with flat Annual revenue data is not available High -- --
or falling sales may result from
increased cost efficiency and margins, Low -- --
rather than market expansion. This Forecasted Growth -- --
chart shows the sales forecast trend of # of Analysts -- --
all analysts and the highest and lowest
projections for the current and next NA NA NA NA
fiscal year.
Page 4 of 11
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TAFI INDUSTRIES (TAFI-KU)
Indust. & Commercial Svcs. / Prof. & Commercial Svcs. / Business Support Supplies DETAILED STOCK REPORT
Report Date: 2023-Feb-13
FUNDAMENTAL
POSITIVE OUTLOOK: Strong fundamentals Fundamental Score Averages
such as high profit margins, low debt levels, or Prof. & Commercial Svcs. Group: 5.7 Small Market Cap: 5.3
growing dividends. Indust. & Commercial Svcs. Sector: 4.8 FBM KLCI Index: 5.8
Q1 Q2 Q3 Q4
Fundamental Score Trend Peers 2022 2022 2022 2022 Current 3Y Trend
ASIAFLE 6 6 6 7 8
Positive
TAFI 6 6 6 3 8
Neutral PELIKAN 4 4 4 3 7
Negative EURO 6 6 6 6 4
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 AHB 1 1 1 3 1
2020 2021 2022
FUNDAMENTAL INDICATORS
Profitability Debt Earnings Quality Dividend
(25% weight) (25% weight) (25% weight) (25% weight)
ASIAFL…
TAFI EURO ASIAFL…
TAFI
PELIKA… PELIKA…
PELIKA…
ASIAFL… EURO
ASIAFL…
EURO
AHB AHB
AHB
TAFI
AHB
EURO
PELIKA…
TAFI
Revenue Growth 107.1% Current Ratio 4.9 Oper. Cash Yield -274.0% Dividend Growth --
For year over year For interim period For latest 12 months For year over year
ending 2022-09 ending 2022-09 ending -- ending --
Gross Margin 19.6% Debt-to-Capital 0.2% Accruals 74.0% Dividend Payout --
For latest 12 months For annual period For latest 12 months For latest 12 months
ending 2022-09 ending 2021-12 ending 2021-12 ending --
Return On Equity 18.7% Interest Funding 0.8% Days Sales In Inv. 131.6 Dividend Coverage --
For interim period For interim period For annual period For annual period
ending 2022-09 ending 2022-03 ending 2021-12 ending --
Net Margin 18.7% Interest Coverage 309.5 Days Sales In Rec. 116.5 Current Div. Yield --
For latest 12 months For interim period For annual period For latest 12 months
ending 2022-09 ending 2022-09 ending 2021-12 ending --
HIGHLIGHTS
- The Fundamental Rating for TAFI Industries improved significantly - TAFI's operating cash yield of -274% is substantially below the Prof. &
over the last quarter from 6 to 8. The current rating is considerably Commercial Svcs. industry group average of 1.2%.
more bullish than the Prof. & Commercial Svcs. industry group average - TAFI Industries does not currently pay a dividend. Of 36 firms within
of 5.7. the Prof. & Commercial Svcs. industry group, it is among the 20
- TAFI's net margin of 18.7% is substantially above the Prof. & companies without a dividend.
Commercial Svcs. industry group average of 7.1%.
- TAFI's debt-to-capital of 0.20% is substantially below the Prof. &
Commercial Svcs. industry group average of 6.7%.
Page 5 of 11
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TAFI INDUSTRIES (TAFI-KU)
Indust. & Commercial Svcs. / Prof. & Commercial Svcs. / Business Support Supplies DETAILED STOCK REPORT
Report Date: 2023-Feb-13
RELATIVE VALUATION
NEUTRAL OUTLOOK: Multiples relatively in-line Relative Valuation Score Averages
with the market. Prof. & Commercial Svcs. Group: 4.8 Small Market Cap: 5.7
Indust. & Commercial Svcs. Sector: 5.5 FBM KLCI Index: 4.3
Relative Valuation Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive EURO 8 9 9 8 9
PELIKAN 10 10 10 9 9
Neutral ASIAFLE 8 7 7 7 7
TAFI 5 5 5 5 5
Negative
AHB 1 1 2 2 2
2020-02 2021-02 2022-02 2023-02
EURO
PELIKAN ASIAFLE
PELIKAN
ASIAFLE TAFI
TAFI ASIAFLE
AHB
AHB AHB
EURO EURO
PELIKAN
TAFI
HIGHLIGHTS
- TAFI's 3.3 Price to Sales multiple is currently at the low end of its 5- - TAFI's current Trailing P/E of 11.2 represents a 59% Discount to its
year range (lowest 2.6 to highest 13.2). Prof & Commercial Svcs industry group average.
Page 6 of 11
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TAFI INDUSTRIES (TAFI-KU)
Indust. & Commercial Svcs. / Prof. & Commercial Svcs. / Business Support Supplies DETAILED STOCK REPORT
Report Date: 2023-Feb-13
Page 7 of 11
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TAFI INDUSTRIES (TAFI-KU)
Indust. & Commercial Svcs. / Prof. & Commercial Svcs. / Business Support Supplies DETAILED STOCK REPORT
Report Date: 2023-Feb-13
RISK
NEGATIVE OUTLOOK: Variable return patterns Risk Score Averages
(high volatility). Prof. & Commercial Svcs. Group: 5.1 Small Market Cap: 4.9
Indust. & Commercial Svcs. Sector: 4.9 FBM KLCI Index: 8.8
Risk Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive ASIAFLE 10 9 9 10 10
PELIKAN 6 4 5 5 5
Neutral TAFI 2 2 2 2 3
AHB 1 1 1 1 1
Negative
EURO 1 1 1 1 1
2020-02 2021-02 2022-02 2023-02
RISK INDICATORS
Magnitude of Returns Volatility Beta (1-year) Correlation
(25% weight) (25% weight) (25% weight) (25% weight)
ASIAFL…
ASIAFL… ASIAFL…
PELIKA…
PELIKA… PELIKA…
ASIAFL…
TAFI TAFI
EURO
AHB
AHB AHB AHB
EURO
EURO EURO PELIKA…
TAFI
TAFI
Daily Returns (Last 90 Days) Standard Deviation Beta vs. FBM KLCI 1.45 Correlation vs. FBM KLCI
Best 6.2% Last 90 Days 2.75 Positive Days Only 1.09 Last 90 Days 9%
Worst -5.8% Last 60 Months 19.39 Negative Days Only 1.85 Last 60 Months 5%
Monthly Returns (Last 60 Months) Intra-Day Swing (Last 90 Days) Beta vs. Group 0.81 Correlation vs. Group
Best 71.4% Average 3.8% Positive Days Only 0.55 Last 90 Days 8%
Worst -30.4% Largest 7.2% Negative Days Only 1.19 Last 60 Months 22%
Page 8 of 11
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TAFI INDUSTRIES (TAFI-KU)
Indust. & Commercial Svcs. / Prof. & Commercial Svcs. / Business Support Supplies DETAILED STOCK REPORT
Report Date: 2023-Feb-13
Price Momentum Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive PELIKAN 10 10 10 7 7
TAFI 9 10 10 7 7
Neutral AHB 8 9 9 8 6
EURO 9 5 5 3 4
Negative
ASIAFLE 7 7 8 1 1
2020-02 2021-02 2022-02 2023-02
PELIKAN
EURO
TAFI
AHB AHB
ASIAFLE
ASIAFLE
PELIKAN
EURO
TAFI
Relative Strength Indicator (Scale from 1 to 100) Average Monthly Return (Last 10 Years)
TAFI Industry Avg Feb Mar Apr
Last 10 Days 31 47 Company Avg 2.2% -3.0% 0.04%
Last 50 Days 49 53 Industry Avg 3.2% -0.06% 1.4%
Last 200 Days 52 49 Industry Rank 9 of 50 9 of 50 46 of 50
PRICE PERFORMANCE
Daily close prices are used to calculate the TAFI TAFI FBM KLCI
performance of the stock as compared to a
FBM KLCI Close Price (2023-02-13) 0.59 1,475
relevant index over five time periods.
52-Week High 0.86 1,619
-4.8%
1-Week 52-Week Low 0.33 1,373
-1.1%
1-Month
-9.2% - The Price Momentum Rating for TAFI Industries decreased
-0.7% significantly over the past week from 10 to 7.
- On 2023-02-10, TAFI closed at 0.60, 30.8% below its 52-week
-2.5% high and 83.1% above its 52-week low.
3-Month
1.7%
- TAFI shares are currently trading 8.0% below their 50-day
-15.7% moving average of 0.65, and 13.3% above their 200-day
YTD moving average of 0.53.
-1.4%
-23.9%
1-Year
-6.1%
Page 9 of 11
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TAFI INDUSTRIES (TAFI-KU)
Indust. & Commercial Svcs. / Prof. & Commercial Svcs. / Business Support Supplies DETAILED STOCK REPORT
Report Date: 2023-Feb-13
Page 10 of 11
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TAFI INDUSTRIES (TAFI-KU)
Indust. & Commercial Svcs. / Prof. & Commercial Svcs. / Business Support Supplies DETAILED STOCK REPORT
Report Date: 2023-Feb-13
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.
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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.
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.
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