Perak Corporation Berhad is engaged in property and investment holding, real property development and provision of management services. The Company operates in three segments: Infrastructure engaged in maritime services in respect of the development of an integrated privatized project and encompassing operations of multipurpose port facilities, operation and maintenance of a bulk terminal, sales and rental of port related land and other ancillary activities; Township development, which is engaged in township development of real property and ancillary services, and Management services and others that provides provision of management services and other business segments, which include property investment and distribution. The Company's township developments include government offices, shop lot, bungalow, semi detached and other type houses. In October 2011, the Company disposed of its associate, West Coast Expressway Sdn Bhd.

For the financial year ended 30.12. 2012,  the key statistics of the company are as follows:

Paid capital: RM100 million

Par Value: RM1 per share

EPS: 38.10 sen

Reference Price RM2.02

PE:5.36

NTA: RM4.68 per share

Dividend Paid: 8.5 sen less tax and 1.1 sen tax free

Current Assets: RM511,455,796 of which RM184.95 million is in cash

Current Liabilities:RM135,427,648

Major Shareholder: Perbadanan Kemajuan Negeri Perak

Most of the earnings in 2012 came in the last two quarters. (3Q = 12.58 sen and 4Q = 15.93 sen)

The above figures show that the company is fundamentally strong and solid.

Technically speaking, the stock is now in an uptrend and undergoing a small correction. 

I am long on the stock and intend to buy more.

As usual, you buy, sell or hold at your own risk.