PE of 7.3 is low. I would expect it to trade at PE of 10 at least in view of its asset backing of 1.11. There is potential upgrade to this countered. Hang on.. hopefully the fund manager will start to accumulate.
The reduction in short term loans and inventory couple with increase in cash has strenghten the balance sheet somewhat. Although there will be some challenges ahead in term of steel prices, I believe the strengthening of its balance sheet will help it cushion any down turn in demand.
Astino pays about 24% to 27% of its profit as dividend for the past 3 financial years ie fye July 2013 to July 2015. with the improvement in net gearing from 0.33 times in fye July 2015 to 0.17 times in July 2016, it is expected to pay not lower than 27% of its profit as dividend. if it pays 27% of its profit as dividend, then it is about 3.0 sen per share. 3.0 sen dividend is 3.7% yield!
10 yrs earnings stability, consistent dividend n some bonus share. Invest long term at dis price, wz margin of safety above 100%. Little debt n low capex, mean 10 yrs ROE n ROIC above 10%. Wz dis ratios, dis business has competitive advantage n last another 10 yrs. Invest n sleep well!!!
After taking into account the capital expenditure commitments for the new factory in Changkat, Penang for prudent move, the Board has decided not to declare final dividend for this financial year.
Thank for that info, tbchua. No dividend but expansion, also good.
大多数人抢不到票吧。。 Revenue increase because of foreign country demand increase. Average Profit Margin is around 10%. Last quarter 7% this quarter up to 12%. 到底Metal building related products 的成本是什么组成的?
I believe RM1 is achievable and take a lot of time. However, Astino needs a catalyst to do so. The Board and management are forever stingy, Last FY earned 11 cents yet proposed and paid 1 cent dividend. The latest first half result registered 6.5 cents eps Vs 4.4 in previous corresponding period, did not declare any dividend. NTA per share is RM1.18.
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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....
allanchong1988
146 posts
Posted by allanchong1988 > 2016-09-30 14:59 | Report Abuse
:D big wave is coming....Good volume today