koko888

GKENT盈利暴涨,未来展望好。

koko888
Publish date: Tue, 29 Mar 2016, 10:30 PM

GKENT业绩出炉了,水表部门:季对季营业额上升25.1%至30.94m,对季为24.72m,年对年税前盈利上升19.4%至5.46m,
对年为4.57m。
工程部门:季对季营业额暴涨156%至236.53m,对季为92.50m,税前盈利暴涨183%至32.90m,对季为11.63m,
年对年营业额暴涨69%至432.69m,对年为256.55m,税前盈利暴涨87%至60.76m,对年为32.49m。
GKENT截止31/1/15财政年,净现金达RM105.46m或等于每股净现金为35仙,但是截止31/1/16财政年,净现金暴涨103%至214.34m或等于每股净现金71仙,总负债也从去年的58.35m减少至今年的27.30m,总负债减少了31%,总现金从去年163.82m暴涨至241.64m,总现金增加至47,5%。
公司还建议派股息3.5仙,全年股息达7仙。
GKENT手中工程部合约订单大约还有53亿令吉,截止31/1/16财政年的营业额538.09m,工程部的营业额才达432.69m,试想想看,53亿令吉工程合约订单,可赚多少钱呢?,让我来算算看。
今年工程部门的税前盈利赚14%,那也用14%税前盈利来算,53亿x14%=共赚742m扣除去税务25%=净赚557m,除去股票数额3004100=每股赚185分再除去5年=每年每股盈利可赚37.1分,(除5年是因为轻快铁3工程要在5年内竣工)
若水表部门接下来每年盈利与今年一样的话,每年可赚每股5.9分,再加上associate与joint venture的每年每股0.5分=每年每股盈利达43.5分,用40%净利来派发股息的话,每年派息可达17.5仙,12倍本益比来算,合理价=RM5.22。   
GKENT是我的主力股,虽然赚了不少,但是我还是守着,等待它1-2年盈利大暴发。

(只供参考,若有买卖,盈亏自负)

 
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4 people like this. Showing 6 of 6 comments

lzz88

Thank you for this good writing. I have a question, the outstanding project from Engineering Division is about rm5.30b, which includes rm4.5b for LRT3 project. Shall you use PBT margin as 6% for this rm4.5b as this 6% is the consultant fee for Gkent as Project Delivery Parter (PDP)?

2016-03-29 22:47

buddyinvest

Let's find out in AGM which will be held in the next 3 months.

2016-03-30 07:00

Lim Kuansin

Halex?

2016-03-30 13:41

paperplane2016

Misleading statements. Trying act smart

2016-03-30 22:01

VenFx

Post removed.Why?

2016-03-30 22:36

Collin Soo

Thank you for sharing.. Looking forward for 10% dividend yield based on my average purchase price in the next 1-2 yr!

2016-07-16 10:53

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