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Stock Review – KIMHIN(5371) - Klse Value
Saturday, 14 November 2015
Key Value Investor Criteria: -
|
Description
|
Value
|
Criteria
|
Point
|
|
Price to Tangible Book Ratio
|
0.57*
|
< 1
|
5/5
|
|
Stock Valuation
|
CAPM => 2.99%
Return (2008-2014) =>3.82 %
Undervalue by 0.83%
|
CAPM < Return
|
2/5
|
|
Return on Asset
|
2.19*
|
> 0
|
3/5
|
|
Return on Common Equity
|
5.33*
|
> 0
|
5/5
|
|
Quick Ratio
|
2.17*
|
>1
|
4/5
|
|
Long term Debt / Total Capital
|
1.88*
|
<50%
|
5/5
|
|
Continue Dividend over Past 10 Years / Since Inception
|
Yes
|
Yes
|
2/2
|
|
Cash From Operation
|
Positive > 5 years
|
Positive
|
5/5
|
|
Total Point
|
|
|
31/37
|
Note:
* Data obtain from Bursa Marketplace on 14/11/2015
* To understand more about the financial analysis ratio kindly visit my hubpages.
By scoring 31/37 (83.78%), we will look into the annual report and the latest quarterly report of KIMHIN before making the decision to buy the stock.
Company Profile
KIMHIN is focusing manufacturing and sales of ceramic tiles. KIMHIN had manufacturing plants in Seremban (Malaysia), Kuching (Malaysia) and in China. Currently KIMHIN had operation sets up in four countries which are:
- Malaysia – Manufacture and sales (51.44% of 2014 profit)
- Australia – sales (30.47% of 2014 profit)
- China – manufacture and sales ( 18.88% of 2014 profit)
- Vietnam – sales
In May 2014, KIMHIN had acquired 100% equity interest of Norcos Industry Pty Ltd and change it to Kin Him Australia Pty. Ltd. With the acquisition, KINHIM is able to expand in Australia and New Zealand market. Besides that, KINHIM also obtain royalty – free licence to use the trademark of “Johson Tiles” for fifty year, a well-known ceramic tile name in UK.
|
PROS:
|
|
è KIMHIN had expand the market to Australia and New Zealand by acquired Norcos Industry Pty Ltd.
è With the trademark of “Johson Tiles” which is a premium product selling at higher price. KINHIM might increase their revenue.
|
Financial Statement
By looking at the financial statement for the 2015 annual report and for the quarter ending 30 June 2015, KIMHIN has low amount of borrowing RM 9,696,000 compared to their cash equivalent in hand which is RM 47,922,000.
Besides that the operating cash flow generated for the first 6 months in 2015 (RM 31,373,000) is almost the same as the cash flow generated throughout the whole financial year of 2014 (RM 32,879,000).
|
PROS:
|
|
è KIMHIN had loan amount of borrowing.
è Cash flow generated within the first 6 months is almost the same as the cash flow generated for the financial year 2014.
|
|
|
Shareholder
Besides Kim Hin (Malaysia) Sdn Bhd which owed 61.45% of the shares. KIMHIN also manage to attract foreign investor such as China Cruise Company Ltd (1.841%) & Yeoman 3 Rights (1.782%). If you guys follows my blog, you guy would notice Yeoman 3 Rights very familiar. Yes Yeoman 3 Rights bought AJIYA before the price shoot up 60%.
|
PROS:
|
|
è KIMHIN able to attract foreign investor
|
Conclusion
After detail analysed KIMHIN. I could see KIMHIN is a potential company which can grow with little debt. Hence I would recommend a BUY to KIMHIN.
Disclaimer
For other stock reviews and my personal holding detail kindly click here
http://ivkls.blogspot.my/2015/11/stock-review-kimhin5371.html
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Discussions
1 person likes this. Showing 10 of 10 comments
Thanks. I need more support to give me more motivation. If you find my blog useful kindly share with your friend and family. Got good thing we share together right.
2015-11-19 22:18
just compare whitehorse with kimhin...you will know all these are bullshit king
http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=W&securityCode=5009
2015-11-24 22:22
@Lacharsingh Is there anything wrong with my stock review. Kindly feed =back me which area. I always welcome opposite opinion. I am beginner in stock market need guidance from sifu as well
2015-11-28 15:08
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Post removed.Why?
2015-11-16 20:55