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Stock With Momentum: Mercury Industries

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Stock With Momentum: Mercury Industries

Post by Cals Wed 13 Jan 2016, 20:00

Stock With Momentum: Mercury Industries

By Asia Analytica / The Edge Financial Daily | January 13, 2016 : 10:26 AM MYT

This article first appeared in The Edge Financial Daily, on January 13, 2016.

[size=16]Mercury Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 3.00, Fundamental: 1.40) (-ve)
THINLY-TRADED shares of car paint maker Mercury (Fundamental: 1.4/3, Valuation: 3/3) gained 2.2% in active trade to close at RM1.37 yesterday.
In 2014, revenue dipped 2% y-o-y to RM46.5 million while net profit plunged 26% to RM4.8 million, impacted by weaker domestic sales, higher operating expenses, and impairment losses on inventories and receivables.
The company in August 2015 completed the acquisition of a 70% stake in construction outfit Paramount Bounty Sdn Bhd for RM42 million, marking its entry into the construction industry. The acquisition comes with a profit guarantee of RM6.6 million per annum for 2015-2017.
For 3Q2015, revenue doubled from a year ago to RM23.2 million while net profit surged 93% to RM2.6 million, mainly due to the maiden contribution from the construction division.
The stock trades at a trailing P/E of 8.7 times. Dividends ranged from 8 sen to 10 sen in the past three years, giving yield of 6-7.5%.
[You must be registered and logged in to see this image.]

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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : â€œMy 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

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