Zecon Berhad (7028) Fair Value & Analysis
Industrials · MY · Market cap 76.7M MYR
Fair value as of: Jul 12, 2026
From 13 valuation models · updated today
Fair value updated Jul 12, 2026 — revised from 6.59 MYR to 0.7395 MYR (−88.8%) since Jun 24, 2026. Share price −4.1% over the past month.
Price vs Fair Value (12 months)
12‑month range 0.4300 MYR – 0.5250 MYR · fair‑value band 0.4469 MYR – 0.9244 MYR · the 0.4700 MYR price screens below the 0.7395 MYR fair value. As of Jul 12, 2026.
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Zecon Berhad (7028) currently trades at 0.4700 MYR, while our model-based Fair Value estimate is 0.7395 MYR — implying the stock looks roughly 57.3% undervalued today. We read business quality at 47/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.
Over the trailing twelve months, Zecon Berhad generated revenue of 102M MYR at a net margin of 0.5%. Revenue declined 0.1% year over year. It earns a return on equity of 5.8%. Net debt stands at 808M MYR. Fundamentals as of Jul 12, 2026
Our scenario range runs from 0.4469 MYR (bear case) to 0.9244 MYR (bull case); at 0.4700 MYR, the current price sits within that range. The share trades about 10% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside — at 57%, 7028 screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 12, 2026. TTM = trailing twelve months.
About the company
Zecon Berhad engages in the foundation engineering, civil engineering, building contracting, and related activities in Malaysia. It operates through seven segments: Construction, Property Development, Service Concession, Property Holding, Renewable Energy, Hotel Operations, Car Park Management, and Other. The company also offers piling works; and construct, operate, and maintenance of hospital. In addition, it is involved in management, maintenance, and rental of machineries, motor vehicles, and hardware of various descriptions; construction, housing development, and other related activities; sand dredging, earthworks, and material transportation services; hospital concession activities; property holding, investment, development, sales, and management activities; and supply of electrical or electric equipment and services. Further, the company provides computer, engineering, landscape care, maintenance, and consultancy services; hotel management; operates parking facilities; and …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zecon Berhad reported revenue of 64.8M MYR in FY2025 versus 395M MYR in FY2021, a compound −36.3%/yr. Reported net income was 55.6M MYR in FY2025.
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| Samsung E&A Co 028050 | 47,300 KRW | 34,365 KRW | -27% |
| Daewoo Engineering & Construction Co 047040 | 21,800 KRW | 16,217 KRW | -26% |
| L&K Engineering Co 6139 | 732.00 TWD | 657.83 TWD | -10% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.