Aji is around 17 ringgit ex dividend, which is attractive in value with projected growth due to its more efficient new plant, better cost control n its inelastic monopoly demand.
evryting is fine. Its quarterly sales down and up thus affecting the NP. One time gain fr sale of land resulted in huge jump in NP in the last qtr. The impt point is aji is a solid co ddespite the land sale.
38.4 sen dividend, if you buy now, say 2000 shares, return is only ~ 2.4% on the investment cost. You must pray that the price doesn't slide down otherwise you will be hugging the bear.
Ajinomoto bottom line over the past 12 years was boosted by 2 land gains that resulted in about the same contribution to the past 12 years' earnings as the operating profits. The land gains are one-off items and moving forward we have to rely just on the operations.
Ajinomoto is a mature company with revenue growing at 6.1 % CAGR over the past 12 years. So you may think that there is not much hope for better results.
But the company relocated to a new plant in 2022 and its operating results since then provide a good picture of its future. It is also financially sound. On such a basis I found that there is more than a 30% margin of safety making it an investment opportunity. https://www.youtube.com/watch?v=-Kpt8_fuGj8
top up some at RM 15.12 that day i attended agm. company said they don't manufacture MSG . They import MSG raw material and do packaging and halal certification. With strong RM, i believe Aji will be benefited
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....
BudiLee
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Posted by BudiLee > 2024-05-08 12:47 | Report Abuse
Yes, UP is a good one, very consistent growth since 12 years ago.