Patience. today is 31st Dec, if you look at the trading volume you will know there is no substantial funds in the play. Accumulate on weakness is the way to play. I will collect.
Most consumer and staple has moved up to valuations that are expensive. Against its peer, Apollo currently is trading at only trailing PE of 13x vs QL (28x), Cocoaland (16x), Kawan Food (27x) etc. I will likely be writing an article soon.
Kenanga latest report on Apollo coverage released today provides a TP of RM6.48. Earlier on I have called the TP of RM6.60. This counter was also highlighted back in 30 October 2015. It is not too far away from my TP. Considering the bad market sentiment, this is an extremely safe and solid counter to with easily another 20% upside excluding 5% dividend per annum. No brainer.
Should declare a special dividend with the cash pile it's sitting on. Expansion is limited if not fully optimised at the moment. If a special dividend is declared this counter will rocket north of RM7. I'm a firm believer of rewarding your shareholders.
x3mg33, I totally agree with you on special dividend. However, the company is steady and conservative that is why it manage to provide sustainable growth over time. I actually feel if there are able to split their annual dividend into two tranches, it would also attract investors.
Consensus Intrinsic value at 6.50. There is room to move up some more. I went in at 4.90 and 5.47 in Oct and December last year. Intend to hold it for investment purposes as it pays good dividends every year.
This is decent co but products quite yacky...Too small for institutional funds to invest but could appeal to private equity buyout funds. Heard anything anyone ?
i'm keen to know what plans top management has for the Cash the company is sitting on at the moment. Have a look at their balance sheet last quarter. Frankly speaking the company does not need any borrowings/ buyout activities.
All the stocks associated with food and beverages are on the rise lately. Dlady & Nestle are reaching year highs lately while Kawan OFI are consolidating. Apollo has a cash reserve of RM 116 mil which can sustain the company to give a bonus issue of at least 1 for 2.
All the stocks associated with food and beverages are on the rise lately...because they keep raising product prices. ..and showing expanding margins....
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....
cindy_gal
79 posts
Posted by cindy_gal > 2015-12-30 18:52 | Report Abuse
9.6M or EPS 12 sens. huat ah my Apollo Biscuits