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(Icon) DKLS - Windfall Gain If China Deal Materialises In March 2015

Icon8888
Publish date: Tue, 03 Mar 2015, 02:55 PM
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I follow the smell of money.

 

 

Dkls Industries Berhad (DKLS) Snapshot

Open
1.80
 
Previous Close
1.80
Day High
1.80
 
Day Low
1.78
52 Week High
11/19/14 - 1.91
 
52 Week Low
03/24/14 - 1.50
Market Cap
166.9M
 
Average Volume 10 Days
15.9K
EPS TTM
0.24
 
Shares Outstanding
92.7M
EX-Date
07/23/14
 
P/E TM
7.5x
Dividend
0.03
 
Dividend Yield
1.67%
 

 

 

 

 

 

 

 

 

 

 

 

DKLS operates as a building and general contractor in Malaysia. The company is based in Ipoh, Perak.

 
Based on net assets of RM328 mil, loans of RM146 mil and cash of RM86 mil, the group has net gearing of 0.18 times.
 

 
 
Over the past 4 years, the group reported average net profit of RM21.5 mil. Based on market cap of RM167 mil, PER is 7.8 times.
 
 
Annual Result:
F.Y. Revenue ('000) Profit Attb. to SH ('000) EPS (Cent) PE DPS (Cent) DY NAPS
TTM 210,981 22,121 23.86 7.55 3.00 1.67 3.5400
2014-12-31 210,981 22,121 23.86 7.42 3.00 1.69 3.5400
2013-12-31 226,988 24,240 26.15 5.82 3.00 1.97 3.3300
2012-12-31 213,813 20,304 21.90 5.03 3.00 2.73 3.0500
2011-12-31 183,865 19,247 20.76 5.01 3.00 2.88 2.8693
 
 

Quarter Result:

F.Y. Quarter Revenue ('000) Profit before Tax ('000) Profit Attb. to SH ('000) EPS (Cent) DPS (Cent) NAPS
2014-12-31 2014-12-31 57,572 7,712 5,637 6.08 3.00 3.5400
2014-12-31 2014-09-30 59,682 13,808 9,734 10.50 - 3.4800
2014-12-31 2014-06-30 43,094 3,502 2,443 2.64 - 3.3900
2014-12-31 2014-03-31 50,633 5,237 4,307 4.65 - 3.3700
2013-12-31 2013-12-31 51,114 12,984 8,994 9.70 3.00 -
2013-12-31 2013-09-30 52,602 7,160 6,095 6.58 - 3.2000
2013-12-31 2013-06-30 65,551 6,891 5,620 6.06 - 3.1600
2013-12-31 2013-03-31 57,720 4,671 3,531 3.81 - 3.0900
2012-12-31 2012-12-31 70,511 7,062 5,677 6.12 3.00 -
2012-12-31 2012-09-30 54,674 5,779 5,549 5.99 - 2.9900
2012-12-31 2012-06-30 55,162 7,170 4,825 5.20 - 2.9600
2012-12-31 2012-03-31 33,466 4,309 4,253 4.59 - 2.9100

 

In the latest quarter, the group reported net profit of RM5.6 mil. Quarry and precast concrete is the biggest contributor.

 

 

The company paid dividend of 3 sen per annum. Based on RM1.80, yield is 1.67 %.

 

DKLS has 15.3% effective interest in Yong Yu Hydro Electric Development Company Ltd ("Yong Yu") (being 51% x 30%).

 

 

On 20 October 2014, DKLS announced that it and its partners had entered into Memorandum of Understanding with a Chinese buyer to dispose of their equity interest in Yong Yu for RM859 mil. Based on 15.3% effective interest, that works out to be approximately RM131 mil for DKLS. The MOU was subsequently extended and the relevant parties target to execute the SPA before 31 March 2015. Please refer to announcement below :-

 

 

The associate stake in Yong Yu only contributes approximately RM4 to 5 mil profit per annum to DKLS. The disposal will unlock significant value for the group.

 

 

Appendix - DKLS Group's Various Divisions

 

 

 

 

 

 

 

 

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Discussions
2 people like this. Showing 6 of 6 comments

Rockford

This guy got a lot of story....but cannot give any TP any strong recommendation...

2015-03-03 19:01

klsetitan

aiyoyo... Semua mau spoon feed...

2015-03-03 20:17

Siew Jian Bin

Yes, lot of cash! if the company willing to share the earning as special dividend, it will up.

2015-03-04 16:34

Icon8888

Suggest you don't assume 131 mil is freely available

If there is debts at DKLS Energy, those debts need to be cleared first before cash can be flown up to DKLS (and distribute to u)

2015-03-04 18:13

sound

Bro Icon, thanks to u i made,within a few months, percentage wise, solid returns. Firstly on Priva then on Frontken. Starting capital 3.5k only.

Gratefully and respectfully, i would like to draw your attention to nexgram.

For ur info, although im a freshie stock investor, i am a fast learner once momentum is gained. More importantly, i consider myself a true artist of online research. I mean this to a level beyond the average man ability to comprehend what constitutes 'art' in this avenue.

Anyway, the following is what ive posted on several pages of i3--------------------------------------------------------------------------------



ATTENTION!

NEXGRAM directors, substantial holders and to those who may be concerned,

Ive identified with certainty, the nexgram product, how it has been masked, used by whom(corps) and its relevance to the mobile communication industry that has evolved to an extent that it has become absolutely 'PRICELESS'

As i'm already 80% invested in Nexgram, which is a really tiny amount, I no longer need to hold back my discoveries.

However, as a gift to those already in the know to accumulate further.I will hold back till 1pm later today.

Sorry guys!

If i were already financially comfortable, would have left it to u guys.

Outstanding achievement guys!

PROUD TO BE MALAYSIAN

2015-05-13 06:45

小糖

4723 most likely to end the same path but the money from the disposal to China will not benefit the small minority shareholders.

The estimated timeline to happen should be in the next 3-6 months.

2019-05-15 08:14

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