Bursa Alert
Global Market
NewsStocks With Momentum: Malaysian Pacific Industries
Page 1 of 1
Stocks With Momentum: Malaysian Pacific Industries
by Cals Thu 12 Feb 2015, 01:03
Stocks With Momentum: Malaysian Pacific Industries
By theedgemarkets.com / theedgemarkets.com | February 11, 2015 : 11:24 AM MYT
[size=14]Malaysian Pacific Industries Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
MPI (Fundamental: 1.8/3; Valuation: 2.4/3) is involved in the manufacture, assembly and testing of integrated circuits, semiconductor devices and electronic components.
MPI fell into the red in FY June 2012 with a net loss of RM19.8 million on revenue of RM1.2 billion, but recovered in FY2013 after exiting some legacy lines to concentrate on higher-margin businesses. The company also exited its loss-making stamped leadframe business in FY2014, which saw net profit rise to RM45.1 million with improved asset utilisation. For 1HFY2015, net profit grew an outsized 69.6% to RM44 million despite a modest 2.9% growth in revenue to RM666 million, thanks to higher contribution from the smartphone sector, the stronger USD and lower commodity prices.
Earnings growth from FY2012 onwards have pared down the company’s debt, turning MPI from net debt of RM159.3 million to net cash of RM18.7 million in 2QFY2015. The stock is trading at 1.44 times book and a trailing 12-month P/E of 18.1 times.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on February 11, 2015.
[/size]
By theedgemarkets.com / theedgemarkets.com | February 11, 2015 : 11:24 AM MYT
[size=14]Malaysian Pacific Industries Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
MPI (Fundamental: 1.8/3; Valuation: 2.4/3) is involved in the manufacture, assembly and testing of integrated circuits, semiconductor devices and electronic components.
MPI fell into the red in FY June 2012 with a net loss of RM19.8 million on revenue of RM1.2 billion, but recovered in FY2013 after exiting some legacy lines to concentrate on higher-margin businesses. The company also exited its loss-making stamped leadframe business in FY2014, which saw net profit rise to RM45.1 million with improved asset utilisation. For 1HFY2015, net profit grew an outsized 69.6% to RM44 million despite a modest 2.9% growth in revenue to RM666 million, thanks to higher contribution from the smartphone sector, the stronger USD and lower commodity prices.
Earnings growth from FY2012 onwards have pared down the company’s debt, turning MPI from net debt of RM159.3 million to net cash of RM18.7 million in 2QFY2015. The stock is trading at 1.44 times book and a trailing 12-month P/E of 18.1 times.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on February 11, 2015.
[/size]
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» July 16th - Stocks To Watch Tenaga, Unisem, Malaysian Pacific Industries, Tech sector, Banking stocks, Bina Darulaman and Guan Chong
» Insider Asia’s Stock Of The Day: Malaysian Pacific Industries
» Insider Asia’s Stock Of The Day: Malaysian Pacific Industries
» Malaysian Pacific Industries Q2 pre-tax profit rises to RM12 mln
» CIMB Research maintains Neutral on Malaysian Pacific Industries
» Insider Asia’s Stock Of The Day: Malaysian Pacific Industries
» Insider Asia’s Stock Of The Day: Malaysian Pacific Industries
» Malaysian Pacific Industries Q2 pre-tax profit rises to RM12 mln
» CIMB Research maintains Neutral on Malaysian Pacific Industries
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum