MINHO (5576)

Share Price Movement 21- Dec-2015

Minho has today made an impressive reversal today picking up from a low of 1.36 to close at 1.45; just a tinkle from its day’s high of 1.46. The immediate resistance of Minho is 1.47 which I strongly believe will be surpass on opening tomorrow. Its climb above 1.47 will be fueled further it our market undercurrent is strong ; further boosted if the Dow Jones performance is fairly good tonight.

Why Minho should be a gem BUY?

It is important to note that  Minho Net Tangible Asset(NTA) is 3.08 against its current price of only 1.45 which is at a discount of 1.63 or 53% discount to its NTA. Over a period, I believe Minho share price should come close to its NTA .

However, my immediate TP (0 – 3 mths) is 1.80 and TP (3 mths– 1 year ) is 2.50

Minho share price value should be unleashed  if Fund Managers both local and foreign take a peep at its intrinsic value going forward. I believe if the company undertake a road show to create investors awareness; its share value should be fully unleash.

Background
The Minho Group comprises numerous companies sheltered under the public listed umbrella named, Minho (M) Berhad . What started off as Syarikat Minho Kilning Sdn. Bhd., a provider of kiln drying (KD) services, has over the years, blossomed into a well diversified and fully integrated business entity involved in a wide range of activities such as:- - Kiln drying and chemical preservative treatment - Manufacturing, exporting and dealing in moulded timber and related products. - Export of processed timber products - Trading in logs supply and timber related products - Exploitation of timber concessions - Operation of a fully integrated timber complex - Manufacturing and distribution of industrial paper bags - Property development - Plantation. The Group attributes its success and its survival during the 1977 financial crisis, the recessions of the 1980 and more recently the global economic upheavals to an appropriate diversification programme and to its emphasis in producing high quality value added products. The Group manufacturing facilities cover a sprawling 100 acres of kiln drying and preservative treatment plant and about 15 acres of moulding factory floor space. Production facilities are located within the vicinity of Port Klang; close to transshipments hubs, making exporting into overseas markets more cost effective. ( sourced by: http://minhobhd.com/About.html)

Website:
http://minhobhd.com/

MINHO Financial Information

Market Capital (RM) : 159.28m

EPS (cent) : 17.27 *

P / E Ratio : 8.40

Par Value (RM) : 1.000

Number of Share : 109.85m

NTA (RM) : 3.080

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.

MINHO Quarter Report History

Date	Financial  Year	No.	Financial  Quarter	Revenue  (RM, 000)	Profit Before  Tax (RM, 000)	Net Profit  (RM, 000)	Earning  Per Share (Cent)	Dividend  (Cent)	NTA  (RM)	Download  Report
27/11/2015	31/12/2015	3	30/09/2015	64,155	8,124	4,366	3.96	0.00	3.080	449%
28/08/2015	31/12/2015	2	30/06/2015	69,845	3,981	1,624	1.48	0.00	3.040	46%
29/05/2015	31/12/2015	1	31/03/2015	75,226	14,872	10,985	10.00	0.00	3.030	57,916%
27/02/2015	31/12/2014	4	31/12/2014	65,107	2,325	1,994	1.82	0.00	2.930	86%
27/11/2014	31/12/2014	3	30/09/2014	55,378	2,334	795	0.72	0.00	2.910	0%
28/08/2014	31/12/2014	2	30/06/2014	65,720	5,001	3,033	2.76	0.00	2.900	98%
29/05/2014	31/12/2014	1	31/03/2014	52,485	1,040	-19	-0.02	0.00	2.880	49%
27/02/2014	31/12/2013	4	31/12/2013	48,148	9,713	14,388	13.10	0.00	2.880	119%
28/11/2013	31/12/2013	3	30/09/2013	60,432	5,600	798	0.73	0.00	2.750	66%
29/08/2013	31/12/2013	2	30/06/2013	55,215	3,224	1,532	1.39	0.00	2.740	60%
30/05/2013	31/12/2013	1	31/03/2013	62,102	1,690	-37	-0.03	0.00	2.730	106%
27/02/2013	31/12/2012	4	31/12/2012	62,108	475	6,578	5.99	0.00	2.730	38%

HAPPY TRADING & GOOD LUCK

BURSAMASTER

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.