Diamond7 comment is true, good earnings, diesel price is low as at now, although the prices of petroleum has gained substantially recently but the government has kept the industry diesel price at low level.
This is what Mr Ooi Teik Bee, our stock expert writes in January.....
You had missed out TNlogis, you still have another good transportation stock to buy i.e. Century. Please take a look at this stock, both TA and FA are very good.
Highlights / Stock Picks of the Day - Century Logistics Holdings Berhad (CENTURY) – Not Rated
Author: kiasutrader | Publish date: Thu, 14 May 2015, 10:06 AM
CENTURY has been consolidating after reaching its all-time high level of RM0.96. The stock could have found its footing as it traded sideways for the past three days. Yesterday’s price surge could potentially set a rebound play with uptick in RSI and Stochastic emerging from its oversold region lending support for a rebound potential. Hence, we view that the current price level could be a good entry point with near-term TP set at its previous high of RM0.96, in anticipation that the share price would rebound towards its +2SD regression level.
The Edge: Century Logistics Holdings Bhd’s net profit rose 18.2% to RM7.47 million or 2.04 sen a share for its first quarter ended March 31, 2015(1QFY15), from RM6.32 million or 1.74 sen a share a year ago, mainly due to higher activity at its procurement logistics services segment. Revenue for 1QFY15 also increased 4.1% to RM71.92 million, from RM69.07 million in 1QFY14. In a filing with Bursa Malaysia today, the supply chain solutions provider declared an interim dividend of one sen per share for the financial year ending Dec 31, 2015 (FY15), payable on June 17, 2015. Century Logistics said it remains confident of its performance in FY15, despite weaker global and uncertain economic climate due largely to the dip in oil price.
Kenanga assigned TP RM1.19 for Century to be inline with other logistic PER of 12.5x. Currently at 10x, Century is the cheapest logistic company in term of PER as compared to TASCO, Freight and Complete, eventhough they have highest ROE compared to the other 3 and pays dividends regularly. In actual fact, their dividends of 5 percent is the highest!
Huge volume has been absorbed at 88cent, and it can break the resistance at RM0.93 and RM1.00, Century will be flying to target price of RM1.19.
Going forward, they will be expanding their warehouse and this might reduce the quantum of dividend. However they will receive RM20 million from land disposal to Top Glove, which may be used to fund expansion.
strong support. High chances to break the resistance at 93cent, followed by RM1.00. Btw, Complete Logisitics today annouced losses in their latest quarter reporting.
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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....
Diamond7
2,275 posts
Posted by Diamond7 > 2015-05-05 23:24 | Report Abuse
Heading towards Rm1.02/RM1.15 !!! Latest headlines !!!