Not many people play this counter as its industry is not a popular one even it is making sound profit and no dividend is paid since year 2013...few times hit above 0.4 then stated to drop. Need more good news for it else price will be quite flat.
Once the Education Ministry's budget gets approved in parliament either today or tmr, this counter will fly. Don't forget, the budget allocated for the Education Ministry is the highest allocation of all at RM50.4B. Imagine the upside for Pelikan.
@lee_m2020 this is misleading...as Pelikan International has been reporting losses almost every 4th quarter in last few years!
PELIKAN Quarter Report History Date Financial Year Quarter Revenue (RM,000) PBT (RM,000) Net Profit (RM,000) EPS (Cent) Div (Cent) NTA (RM) QoQ (%) YoY (%) 26 Nov 20 31 Dec 20 Q3 Sep 20 314,589 21,210 15,060 2.50 0.00 0.750 Malaysia Stock - KLSE Quarter Report History 25% Malaysia Stock - KLSE Quarter Report History 208% 17 Aug 20 31 Dec 20 Q2 Jun 20 255,412 20,590 20,096 3.33 0.00 0.730 Malaysia Stock - KLSE Quarter Report History 341% Malaysia Stock - KLSE Quarter Report History 10% 28 May 20 31 Dec 20 Q1 Mar 20 207,278 -6,286 -8,334 -1.38 0.00 0.690 Malaysia Stock - KLSE Quarter Report History 52% Malaysia Stock - KLSE Quarter Report History 538% 27 Feb 20 31 Dec 19 Q4 Dec 19 223,266 -17,286 -17,418 -2.89 0.00 0.730 Malaysia Stock - KLSE Quarter Report History 456% Malaysia Stock - KLSE Quarter Report History 24% 22 Nov 19 31 Dec 19 Q3 Sep 19 303,310 9,765 4,890 0.83 0.00 0.760 Malaysia Stock - KLSE Quarter Report History 73% Malaysia Stock - KLSE Quarter Report History 189% 29 Aug 19 31 Dec 19 Q2 Jun 19 316,489 21,759 18,321 3.34 0.00 0.810 Malaysia Stock - KLSE Quarter Report History 864% Malaysia Stock - KLSE Quarter Report History 12% 23 May 19 31 Dec 19 Q1 Mar 19 217,633 6,180 1,901 0.35 0.00 0.770 Malaysia Stock - KLSE Quarter Report History 114% Malaysia Stock - KLSE Quarter Report History 31% 21 Feb 19 31 Dec 18 Q4 Dec 18 222,802 -7,027 -13,993 -2.55 0.00 0.790 Malaysia Stock - KLSE Quarter Report History 928% Malaysia Stock - KLSE Quarter Report History 46543% 15 Nov 18 31 Dec 18 Q3 Sep 18 321,021 6,029 1,690 0.31 0.00 0.850 Malaysia Stock - KLSE Quarter Report History 90% Malaysia Stock - KLSE Quarter Report History 78% 28 Aug 18 31 Dec 18 Q2 Jun 18 336,780 24,457 16,425 3.00 0.00 0.820 Malaysia Stock - KLSE Quarter Report History 500% Malaysia Stock - KLSE Quarter Report History 3% 24 May 18 31 Dec 18 Q1 Mar 18 243,391 5,848 2,739 0.50 0.00 0.810 Malaysia Stock - KLSE Quarter Report History 9230% Malaysia Stock - KLSE Quarter Report History 171% 28 Feb 18 31 Dec 17 Q4 Dec 17 254,320 -15,648 -30 -0.01 0.00 0.810 Malaysia Stock - KLSE Quarter Report History 100% Malaysia Stock - KLSE Quarter Report
I am also hoping that Pelikan will turn in a profit this Q4 2020! Just want to be correct with reality. I hope their Asia push will finally bear fruits!
• Valuation is cheap. Despite being the largest port operator in Malaysia, its valuation is still only less than half of its next biggest competitor, Westport.
• Dividend yield is high at between 5.4% to 6.6%. Given the low interest rate environment, this would appeal to a lot of dividend seeking investors.
• Cargo handled in 4Q20 is already passed precovid level. It is even higher that the pre trade war level which started in FY18. The largest port in the group is Pelabuhan Tanjong Pelepas where the 2M shipping alliance has decided to make it their Asean HQ Port. 2M consist of the 2 largest shipping companies in the world: Maersk and MSC.
• Bonus event. Potential monetisation of Port business via IPO. The group is looking to raised RM4bil via IPO. Assuming the amount is from the sales of up to 40% interest in the port business, this values the port business at RM10bil which is way above the current market cap of only RM2.5bil. This does not include their 38% holding in Malakoff (valued at RM1.8bil), 31% of Gas Malaysia (valued at RM1bil) and their Engineering business which is currently the main contractor for MRT2 (via JV with Gamuda). https://www.thestar.com.my/business/business-news/2020/10/23/mmc-mulls...
With Biden being the new President of US, you can expect him to overturn Trump’s America First Policy. This will make it easier for US to trade with other countries including Europe and China which will increase global trade and benefits ports operators like MMC.
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....
Superb99
6,611 posts
Posted by Superb99 > 2020-12-06 12:11 | Report Abuse
Not many people play this counter as its industry is not a popular one even it is making sound profit and no dividend is paid since year 2013...few times hit above 0.4 then stated to drop. Need more good news for it else price will be quite flat.