Bursa Malaysia Stock Watch
Pelikan...A Local Price Tag On A Global Brand
kltrader
Publish date: Mon, 02 Aug 2010, 04:31 PM
kltrader
0 20,482
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Pelikan is one prominent stationery producer and distributor in the world in high-end writing instruments, art, painting and hobby products as well as school and office stationery supplies that needs no further introduction.
Its projected EPS for 2010 is 0.18 which translates to a PE of 6.7 at 1.21. The stock offers decent value with DPS of 0.02, going ex on 13 Aug. Nonetheless, my liking for Pelikan is premised beyond these numbers and they are:-
1. The possible recovery surprise from Euro zone esp. the Deutsch market (the primary market).
2. Strong franchise value in Pelikan.
3. The defensive nature (generally recession-proof) of business in stationery (indirect link to education).
4. Company's active share buy back programme.
The drop in Euro has a negative impact on its earnings reporting, nevertheless further weakening in Euro may be unlikely barring any major bad news from PIIGS.
Technically, I see its share price bottoming out and has great potential for further upsides.
Its projected EPS for 2010 is 0.18 which translates to a PE of 6.7 at 1.21. The stock offers decent value with DPS of 0.02, going ex on 13 Aug. Nonetheless, my liking for Pelikan is premised beyond these numbers and they are:-
1. The possible recovery surprise from Euro zone esp. the Deutsch market (the primary market).
2. Strong franchise value in Pelikan.
3. The defensive nature (generally recession-proof) of business in stationery (indirect link to education).
4. Company's active share buy back programme.
The drop in Euro has a negative impact on its earnings reporting, nevertheless further weakening in Euro may be unlikely barring any major bad news from PIIGS.
Technically, I see its share price bottoming out and has great potential for further upsides.
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
.png)
Apps
Top Articles
1
2
Stock Pick Contest Year 2024
4
5
Good Articles to Share
Gold trades near record as Fed minutes support rate cut optimism
6
7
Koon Yew Yin's Blog
8
THE INVESTMENT APPROACH OF CALVIN TAN
DUFU (7233) OVERSOLD & TOP REASONS WHY IT HAS THE MOST POTENTIAL NOW FOR UPSIDE, Calvin Tan
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
