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2013-08-16 11:40 | Report Abuse
Disposal of China ops to improve LBS Bina’s gearing, cash flow, says MIDF Research
Written by theedgemalaysia.com
Fri Aug 16 2013 9:04:45 AM
KUALA LUMPUR (AUG 16): The disposal of its China operation will improve LBS Bina Grouo Bhd’s gearing and cash flow visibility, according to MIDF Research.
In a note Friday, the research house said it valued the stock at RM1.95 based on PER method, adding that valuation based on RNAV would be higher.
MIDF Research said LBS would realise an estimated profit of RM309.3 million which will improve cash flow and earnings.
It said the disposal gain will translate into additional earnings per share of 80.7sen in FY13.
“Gearing ratio of the company will reduce from 0.81X to 0.50X.
“The management plans to reward shareholders with higher dividend pay-out (annual special dividend from the proceeds from promissory notes in 5 annual tranches) which, based on our assumption, will translate to dividend yield of about 5.0-5.4% for the next 2 financial years. LBS also plan to expand its landbank through the proceeds,” it said.
2013-06-19 09:51 | Report Abuse
Y will sudden rise up??
2013-05-23 09:23 | Report Abuse
But look like it will go down further recently
2013-05-23 09:17 | Report Abuse
So should I sell down the stock?
Stock: [AT]: AT SYSTEMATIZATION BHD
2020-12-20 17:06 |
Post removed.Why?