Investor on the Street

SURIA (6521): Slow but Steady

Effulgence
Publish date: Sat, 05 Nov 2022, 04:23 PM

SURIA (6521) is a Main Market company in the Transportation & Logistics segment.  

SURIA's business is mainly in Port Operations, Logistics & Bunkering, Property Development & Construction & Seaport Gateaway. SURIA is the major operator of Sabah's ports. Port operations contribute around 98% of revenue & around 78% of profit.


Is SURIA selling at cheap price now?

 

1. Share price you pay is lower than Price to Book. 

SURIA's share price is RM 1.04, whilst its net assets is about RM 3.34.

 

2. Best performance in FY2015.

SURIA's revenue hit all-time high in 2015. Net profit hit a high in the same year. Share price all-time high was in Nov 2007 around RM3. FY2022 so far has been mediocre.

 

3. Financial Statements. 

SURIA usually has positive net cash from operations each quarter. SURIA is a net cash companySURIA has given dividends annually as far back as 2005. (maybe even longer)

 

4. Insider dealings.

No significant insider dealings. 

 

5. PE ratio is around 9 (trailing 4 quarters).

SURIA's trailing PE ratio is low. However, it is believed the low PE is due to lack of growth.


I have SURIA shares. Suppose SURIA produces an average net profit to shareholders of 12mil./quarter, given PE ratio of 8, SURIA should be worth RM 1.11.

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