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Stock With Momentum: MSM Malaysia Holdings
by Cals Thu 14 May 2015, 02:18
Stock With Momentum: MSM Malaysia Holdings
MSM MALAYSIA HOLDINGS BHD ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
MSM (Fundamental: 2.8/3, Valuation: 1.4/3) was picked by our momentum algorithm for the fourth time this year as volume traded jumped to a one-year high of 2.04 million shares. The stock closed unchanged at RM5.22 yesterday.
Last Friday, MSM announced a final dividend of 14 sen per share (ex-entitlement on June 16), bringing total dividends for 2014 to 24 sen or a net yield of 4.6%. It has a minimum 50% dividend payout policy.
For 2014, sales rose 3.6% to RM2.3 billion while net profit increased 0.9% to RM257.0 million.
MSM is Malaysia’s largest refined sugar supplier with 64% share of the domestic market. The company produced a record 986,115 tonnes of refined sugar products last year, up 5.1% from 2013.
It has a solid balance sheet with net cash of RM221.6 million. ROE ranged from 11.8-14.1% between 2012 and 2014.
The stock is trading at a trailing 12-month P/E of 14.2 times and 1.88 times book.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on May 13, 2015.
MSM MALAYSIA HOLDINGS BHD ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
MSM (Fundamental: 2.8/3, Valuation: 1.4/3) was picked by our momentum algorithm for the fourth time this year as volume traded jumped to a one-year high of 2.04 million shares. The stock closed unchanged at RM5.22 yesterday.
Last Friday, MSM announced a final dividend of 14 sen per share (ex-entitlement on June 16), bringing total dividends for 2014 to 24 sen or a net yield of 4.6%. It has a minimum 50% dividend payout policy.
For 2014, sales rose 3.6% to RM2.3 billion while net profit increased 0.9% to RM257.0 million.
MSM is Malaysia’s largest refined sugar supplier with 64% share of the domestic market. The company produced a record 986,115 tonnes of refined sugar products last year, up 5.1% from 2013.
It has a solid balance sheet with net cash of RM221.6 million. ROE ranged from 11.8-14.1% between 2012 and 2014.
The stock is trading at a trailing 12-month P/E of 14.2 times and 1.88 times book.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on May 13, 2015.
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