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Stock With Momentum: NCB Holdings
by Cals Thu 11 Jun 2015, 19:40
Stock With Momentum: NCB Holdings
NCB Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
SHARE price of NCB (Fundamental: 2.05/3, Valuation: 2.0/3) has recovered strongly since reaching a low of RM2.07 in December. The stock closed at RM3.10 yesterday, up 38.3% year-to-date.
NCB, which is controlled by Permodalan Nasional Bhd with 53.4% stake and 15.7%-owned by MMC Corp, operates Northport in Port Klang and provides container haulage services. For 2014, net profit plunged 46.1% to RM27.9 million, largely affected by lower container throughput volume, higher expenditures and loss-making logistics operations.
Net profit for 1Q15, however, jumped 144.4% y-o-y to RM11.6 million, thanks to a 12.4% growth in container throughput volume and lower fuel cost. Meanwhile, sales fell 3.7% y-o-y to RM197.98 million, mainly due to lower contribution from logistics operations, as it exited from trucking and warehouse distribution.
The stock trades at a trailing 12-month P/E of 66.4 times and 0.99 times book. Dividends totalled 7 sen in 2014, giving a net yield of 2.3%.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on June 11, 2015.
NCB Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
SHARE price of NCB (Fundamental: 2.05/3, Valuation: 2.0/3) has recovered strongly since reaching a low of RM2.07 in December. The stock closed at RM3.10 yesterday, up 38.3% year-to-date.
NCB, which is controlled by Permodalan Nasional Bhd with 53.4% stake and 15.7%-owned by MMC Corp, operates Northport in Port Klang and provides container haulage services. For 2014, net profit plunged 46.1% to RM27.9 million, largely affected by lower container throughput volume, higher expenditures and loss-making logistics operations.
Net profit for 1Q15, however, jumped 144.4% y-o-y to RM11.6 million, thanks to a 12.4% growth in container throughput volume and lower fuel cost. Meanwhile, sales fell 3.7% y-o-y to RM197.98 million, mainly due to lower contribution from logistics operations, as it exited from trucking and warehouse distribution.
The stock trades at a trailing 12-month P/E of 66.4 times and 0.99 times book. Dividends totalled 7 sen in 2014, giving a net yield of 2.3%.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on June 11, 2015.
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