Thursday 13 January 2011

A Brief Look at Suria Capital Holdings Bhd.

Suria Capital Holdings Berhad Company

Business Description:
Suria Capital Holdings Berhad is a Malaysia-based investment holding company. The Company, through its subsidiaries, operates in five segments:

  • investment holding, which include investments in fixed deposits and short term investments; 
  • property development, which include development of residential and commercial properties; 
  • port operations, which include provision of port and related services, distributor of port cargo handling equipment and related spare parts, and provision of equipment maintenance services; 
  • logistics and bunkering, which include the provision of bunkering and related services, and 
  • contract and engineering, which is engaged as construction contractor and the provision of project management and technical support services. 
It has six subsidiaries, namely Sabah Ports Sdn. Bhd., Suria Bumiria Sdn. Bhd., SCHB Engineering Services Sdn. Bhd., S.P. Satria Sdn. Bhd., S.P. Satria Logistics Sdn. Bhd. and Tricubes Suria Sdn. Bhd.



2004 EPS 5.8 DPS 0.0
2005 EPS 14.1 DPS 1.4
2006 EPS 17.3 DPS 1.4
2007 #EPS 18.2 DPS 1.8
2008 EPS 13.2 DPS 10.4
2009 EPS 19.8 DPS 2.3
9M10 EPS 19.88 DPS -

#EPS adjusted for one off exceptional gain

Current Price (7/1/2011): RM 2.00
Estimated EPS for 2010 = 19.88*4/3 = 26.5 sen
Projected PE for 2010 = 7.55

Historical
5 Yr
PE 4.8 - 13.9
DY% 4.2 - 1.4

10 Yr
PE 28.4 - 62.4
DY% 2.3 - 0.8









Announcement
Date
Financial
Yr. End
QtrPeriod EndRevenue
RM '000
Profit/Lost
RM'000
EPSAmended
15-Nov-1031-Dec-10330-Sep-1064,60418,6326.62Amended
30-Jul-1031-Dec-10230-Jun-1062,78618,8006.62-
26-May-1031-Dec-10131-Mar-1059,70818,8516.64-
19-Feb-1031-Dec-09431-Dec-0965,01519,1326.69-



Commentary on Prospects (from the Company's quarterly report):  Port operations will continue to be the main contributor to the Group's earnings and the Board is optimistic of achieving better performance for the financial year.

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