Thursday, 18 November 2010
Date announced 18/11/2010
Quarter 30/09/2010 Qtr 3 FYE 12/31/2010
STOCK APM C0DE 5015
Price $ 5.3 Curr. ttm-PE 8.67 Curr. DY 3.02%
LFY Div 16.00 DPO ratio 43%
ROE 16.9% PBT Margin 16.3% PAT Margin 10.9%
Rec. qRev 291477 q-q % chg -7% y-y% chq 19%
Rec qPbt 47524 q-q % chg -12% y-y% chq 57%
Rec. qEps 16.18 q-q % chg -13% y-y% chq 65%
ttm-Eps 61.10 q-q % chg 12% y-y% chq 131%
Using VERY CONSERVATIVE ESTIMATES:
EPS GR 5% Avg.H PE 8.00 Avg. L PE 6.00
Forecast High Pr 6.24 Forecast Low Pr 3.61 Recent Severe Low Pr 3.61
Current price is at Middle 1/3 of valuation zone.
RISK: Upside 36% Downside 64%
One Year Appreciation Potential 4% Avg. yield 6%
Avg. Total Annual Potential Return (over next 5 years) 10%
CPE/SPE 1.24 P/NTA 1.47 NTA 3.61 SPE 7.00 Rational Pr 4.28
Already Owned: Buy, Hold, Sell, Filed; Review (future acq): Filed; Discard: Filed.
Guide: Valuation zones - Lower 1/3 Buy; Mid. 1/3 Maybe; Upper 1/3 Sell.
To Buy a bargain: Buy at Lower 1/3 of Valuation Zone
To Minimise risk of Loss: Buy when risk is low i.e UPSIDE GAIN > 75% OR DOWNSIDE RISK <25%
To Double every 5 years: Seek for POTENTIAL RETURN of > 15%/yr.
To Prevent Loss: Sell immediately when fundamentals deteriorate
To Maximise Gain & Reduce Loss: Sell when CPE/SPE > 1.5, when in Upper 1/3 of Valuation Zone & Returns < 15%/yr
APM Automotive records higher Q3 profit
APM Automotive Holdings Bhd reported a pre-tax profit of RM47.524 million for the third quarter-ended Sept 30, 2010, up 57.3 per cent from RM30.219 million in the same period last year.
The profit was achieved over an 18.6 per cent increase in revenue to RM291.477 million against RM245.746 million previously.
In a filing to Bursa Malaysia, the company said its Malaysian operations registered a 17 per cent increase in revenue on the back of higher vehicle production while its overseas revenue rose 39.2 per cent, contributed mainly by its Indonesian operations.
The company expects to maintain its current level of business for the remaining quarter and is optimistic that it will perform well for the whole year. -- Bernama
Read more: APM Automotive records higher Q3 profit http://www.btimes.com.my/Current_News/BTIMES/articles/20101118204734/Article/index_html#ixzz15dcIIHIx