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Stock With Momentum: Perak Corporation
by Cals Tue 26 May 2015, 19:53
Stock With Momentum: Perak Corporation
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By Asia Analytica / The Edge Financial Daily | May 26, 2015 : 10:35 AM MYT
[size=14]Perak Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
PERAK Corp’s (Fundamental: 1.9/3, Valuation: 1.7/3) share price rose 5.5% to RM3.29 after it posted a strong set of 1Q15 results last Friday.
The Ipoh-based company also declared a special interim dividend of 30 sen per share, which will be paid on 30 June 2015. The stock will trade ex-dividend next Friday, 5 June 2015.
In April, Perak Corp completed the disposal of its 15.74% stake in Integrax Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) toTenaga Nasional Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) for approximately RM150.31 million at a revised offer price of RM3.25 per share.
For 1Q15, it recorded a net profit of RM15.3 million, reversing from a net loss of RM2.0 million a year ago. Revenue more than doubled from RM22.6 million to RM50.9 million, boosted by higher revenue from township development, dividend from quoted shares and rental income.
The stock is trading at a trailing 12-month P/E of 6.0 times and 47% below book value of RM6.21.
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This article first appeared in The Edge Financial Daily, on May 26, 2015.
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[You must be registered and logged in to see this image.]
By Asia Analytica / The Edge Financial Daily | May 26, 2015 : 10:35 AM MYT
[size=14]Perak Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
PERAK Corp’s (Fundamental: 1.9/3, Valuation: 1.7/3) share price rose 5.5% to RM3.29 after it posted a strong set of 1Q15 results last Friday.
The Ipoh-based company also declared a special interim dividend of 30 sen per share, which will be paid on 30 June 2015. The stock will trade ex-dividend next Friday, 5 June 2015.
In April, Perak Corp completed the disposal of its 15.74% stake in Integrax Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) toTenaga Nasional Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) for approximately RM150.31 million at a revised offer price of RM3.25 per share.
For 1Q15, it recorded a net profit of RM15.3 million, reversing from a net loss of RM2.0 million a year ago. Revenue more than doubled from RM22.6 million to RM50.9 million, boosted by higher revenue from township development, dividend from quoted shares and rental income.
The stock is trading at a trailing 12-month P/E of 6.0 times and 47% below book value of RM6.21.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on May 26, 2015.
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