Bursa Alert
Global Market
NewsInsider Asia’s Stock Pick: Fiamma Holdings
Page 1 of 1
Insider Asia’s Stock Pick: Fiamma Holdings
by Cals Tue 11 Nov 2014, 01:59
Insider Asia’s Stock Pick: Fiamma Holdings
By InsiderAsia / InsiderAsia | November 10, 2014 : 12:05 PM MYT
Fiamma Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)
FIAMMA’S entry into property development in 2007 has started to bear fruit with increasing contribution to its steadily growing home appliance business.
For the first nine months of FY Sept 2014, property contributed 21.1% to total sales and 39.6% to pre-tax profit, up from 9.5% and 10.8%, respectively, in the previous corresponding period.
Started since 1979, Fiamma has grown into one of the largest distributors of electrical home appliances in Malaysia. Besides its own popular house brands ELBA and FABER, the company also distributes brands such as Rubine, Braun, Whirpool, Ebac and Omron.
In 2007, the company ventured into property development with the acquisition of two parcels of prime land in Kuala Lumpur at Jalan Ampang (61,422 sq ft) and Jalan Tuanku Abdul Rahman (48,701 sq ft), followed by three parcels of land measuring 95.54 acres in Kota Tinggi, Johor, a year later.
The land at Jalan Tuanku Abdul Rahman is being developed into a commercial development that will complete by end 2014. Following that, Fiamma plans to develop the other landbank in Kuala Lumpur and Johor with estimated GDV of over RM1 billion.
Fiamma’s financials have shown steady growth, with high profit margins. Between FY2008 and FY2013, net profit grew from RM14.5 million to RM34.7 million, while revenue increased from RM178.2 million to RM292.9 million. For the first nine months of FY2014, sales grew 19.0% to RM252.1 million, while net profit rose 33.5% to RM32.2 million. From FY2011 to FY2013, it chalked up average net profit margin and ROE of 11.5% and 12.3%, respectively.
Fiamma had net cash of RM 54.2 million at end- June 2014, equivalent to 39.6 sen per share or 18.6% of its current stock price of RM2.13. The stock trades at a low trailing 12-month P/E ratio of 6.8 times and 0.93 times book.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on November 10, 2014.
By InsiderAsia / InsiderAsia | November 10, 2014 : 12:05 PM MYT
Fiamma Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)
FIAMMA’S entry into property development in 2007 has started to bear fruit with increasing contribution to its steadily growing home appliance business.
For the first nine months of FY Sept 2014, property contributed 21.1% to total sales and 39.6% to pre-tax profit, up from 9.5% and 10.8%, respectively, in the previous corresponding period.
Started since 1979, Fiamma has grown into one of the largest distributors of electrical home appliances in Malaysia. Besides its own popular house brands ELBA and FABER, the company also distributes brands such as Rubine, Braun, Whirpool, Ebac and Omron.
In 2007, the company ventured into property development with the acquisition of two parcels of prime land in Kuala Lumpur at Jalan Ampang (61,422 sq ft) and Jalan Tuanku Abdul Rahman (48,701 sq ft), followed by three parcels of land measuring 95.54 acres in Kota Tinggi, Johor, a year later.
The land at Jalan Tuanku Abdul Rahman is being developed into a commercial development that will complete by end 2014. Following that, Fiamma plans to develop the other landbank in Kuala Lumpur and Johor with estimated GDV of over RM1 billion.
Fiamma’s financials have shown steady growth, with high profit margins. Between FY2008 and FY2013, net profit grew from RM14.5 million to RM34.7 million, while revenue increased from RM178.2 million to RM292.9 million. For the first nine months of FY2014, sales grew 19.0% to RM252.1 million, while net profit rose 33.5% to RM32.2 million. From FY2011 to FY2013, it chalked up average net profit margin and ROE of 11.5% and 12.3%, respectively.
Fiamma had net cash of RM 54.2 million at end- June 2014, equivalent to 39.6 sen per share or 18.6% of its current stock price of RM2.13. The stock trades at a low trailing 12-month P/E ratio of 6.8 times and 0.93 times book.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on November 10, 2014.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Re: Insider Asia’s Stock Pick: Fiamma Holdings
by Cals Tue 11 Nov 2014, 02:01
interesting .. no long term borrowings
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Insider Asia’s Stock Pick: KSL Holdings
» Insider Asia’s Stock Pick: Oriental Food Industries Holdings
» Insider Asia’s Stock Pick: Ajinomoto (M)
» Insider Asia’s Stock Pick: Oldtown
» Hot Stock Insider Asia’s stock pick SAM Engineering rises 2.7%
» Insider Asia’s Stock Pick: Oriental Food Industries Holdings
» Insider Asia’s Stock Pick: Ajinomoto (M)
» Insider Asia’s Stock Pick: Oldtown
» Hot Stock Insider Asia’s stock pick SAM Engineering rises 2.7%
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|