After hitting the high of 82.5 cents, it has since retreated sharply and slide further down to touch 67 cents, looks rather negative.
The current price of 68 cents is hovering near the support level of 67 cents.
Breaking down of this support level at 67 cents, may likely go further down to retest 63 cents.
NAV 16.93 cents.
EPS of 5 cents ( 1.25 x 4)
PE is about 13.65 x base on current price of 68 cents.
dividend of 2.2 cents, yield of 3.23% looks quite decent.
First quarter 2019 results seem not bad.
Achieving a Net Profit of 6.958m an increased of 12.7% versus 6.173m last year.
The vast improvement in their Ops cash flow of 25.7m versus 10.7m last year looks pretty impressive!
Cash-on-hands of 66.5m with less than 5m loan , Net cash per share is about 11.07 cents.
dividend payment of 2.2 cents is about 12m per year.
With their robust Ops cash flow/FCF, I think they can afford to increase their dividend payout of let say increment of 0.5 cents every year for next 5 years to bring the yearly dividend to 4.5 cents .
I think the company robust FCF should be able to support the dividend payout of 4.5 cents a year which is about 24.98m.
Not a call to buy or sell.
Pls dyodd.
No comments:
Post a Comment