A positive news... Freight Management Holdings Bhd‘s wholly owned subsidiary FM Global Logistics (M) Sdn Bhd has received approval for a special incentive package from the Malaysian Investment Development Authority(MIDA) for the development of an E-Commerce Fulfilment Hub in Shah Alam, Selangor.
The group said in a Bursa Malaysia filing that it received the approval from the agency on behalf of the government, via a letter dated Dec 28, 017.
This special incentive package will enable FM Global Logistics to qualify for income tax exemption via Investment Tax Allowance (ITA) of 60% of qualifying capital expenditure within a five year period, which can be utilised to deduct up to 70% of the statutory income for each year of assessment.
“The company will proceed to finalise the plans for the development of the E-Commerce Fulfilment Hub in accordance with the conditions as per the abovementioned letter of approval and the special incentive package is expected to contribute positively to the future earnings of the group,” the group said in a Bursa Malaysia filing.
Freight Management's shares dipped one sen to RM1.27 with 10,000 shares changing hands.
EPS improved compared to same quarter last year, but look carefully, profit increased due to gain on disposal of diluted investment. Anyway, delight to see revenue is keep growing.
Freight is the cheapest logistic company with forward PE of 9-10 compared to its peer companies with PE of 12-20. Dividend yield also among the highest. The management guided for double digit bottomline growth. It is also planning for e commerce fulfilment hub at its shah alam warehouse with tax incentive. Corporate exercise wise, the company had given bonus share twice every 5 yrs in the past, in 2007 and 2012 respectively
This is the only company that i could trust on investing. Steady revenue growth and consistent dividend payout. Hard to find such companies these days. Not suitable for punters, only for long term investing.
Agreed, his PE calc seems to ignore recent bonus issue...but still a good call. Rarely do we see directors/major shareholders paying themselves only 100k per year.
I just bought RM0.56 per share. The share after giving out bonus Dec2018; NTA = RM1.04. The yearly dividend paid out consistantly RM0.05 since year 2014. If this year still the same, my dividend is 8.9%. This yearly EPS is estimated RM0.07 to RM0.09. Let yearly EPS to be RM0.08, company pay sustainable dividend of RM0.04. My dividend return will be 7.14%. Let share price go back to normal, at least RM0.80. Good management company, sleep well. Never loss money in every quarter since 2004(as far as I got data)
Global container port throughout is expected to grow by around 4% in 2019. South East Asia volume is projected to increase at a faster rate due to investment in manufacturing facilities in the region.
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....
latlut
302 posts
Posted by latlut > 2017-09-27 19:03 | Report Abuse
bila mau give bonus....