Wall Street KLCI
YEE LEE: 1Q13 earnings more than doubled YoY
Wall Street KLCI
Publish date: Thu, 23 May 2013, 09:48 AM
Wall Street KLCI
0 1,080
THIS BLOG IS RELATED TO OBSERVATIONS REGARDING STOCKS TRADED IN MALAYSIA. DISCLAIMER: THE COMPANY ANALYSIS THAT APPEAR IN THIS BLOG IS MERELY FACTS GATHERED FROM DIFFERENT SOURCES AND THE AUTHOR'S PERSONAL VIEW. IT IS NOT A BUY OR SELL RECOMMENDATION. THE AUTHOR DO NOT GUARANTEE THE ACCURACY OF THE FACTS BEING PRESENTED. PLEASE CONSULT YOUR INVESTMENT ADVISORS BEFORE ACTING ON ANY INFORMATION PROVIDED BY THE ANALYSIS ABOVE.
1. 1Q13 earnings jump 137% YoY. Yee Lee (Stock Code: YEELEE, 5584) 1Q13 earnings jumped 137% YoY to RM8.35m on the back of better margin on its olein (cooking oil) products as CPO prices become lower YoY.
2. Turnaround in Trading division. The Company's Trading division also registered better profit margin coupled with lower advertisement and promotion expenses in this quarter.
3. Beneficiary of low CPO prices. Yee Lee sells olein (cooking oil) in which the price is more or less does not change much. But the input CPO price is 25% down YoY. This explains why its margin in Manufacturing division increase so much.
4. Share price to hit RM1.50 soon? Its FY13 EPS is expected to hit 16.4 sen or 31% jump YoY due to better margin in olein manufacturing and also good turnaround seen in Trading division. Using conservative 9x PE to value this stock, it is easily worth RM1.48.
2. Turnaround in Trading division. The Company's Trading division also registered better profit margin coupled with lower advertisement and promotion expenses in this quarter.
3. Beneficiary of low CPO prices. Yee Lee sells olein (cooking oil) in which the price is more or less does not change much. But the input CPO price is 25% down YoY. This explains why its margin in Manufacturing division increase so much.
4. Share price to hit RM1.50 soon? Its FY13 EPS is expected to hit 16.4 sen or 31% jump YoY due to better margin in olein manufacturing and also good turnaround seen in Trading division. Using conservative 9x PE to value this stock, it is easily worth RM1.48.
More articles on Wall Street KLCI
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Apps
Top Articles
1
https://dividendguy67.blogspot.com
2
3
4
6
Good Articles to Share
7
Good Articles to Share
Sydney house fire kills three children, police suspect homicide
8
Good Articles to Share
#
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
No trading signals available.
Stock
Time
Signal
Duration
No trading signals available.
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....
