Latest quarter result:
30/4/2016 - 17.6sen
31/1/2016 - 16.3sen
31/10/2015 - 18.8sen
31/7/2015 - 24.3sen
Total - 77sen
Current PE ratio : 6.25 (RM4.81)
Company background
The company owned by a listed company in
Singapore, Sunright Limited (48.41%).
On 1 Apr 2015, the company proposed to
acquire the remaining shares (34.62%) of
KESM Test (M) Sdn Bhd.
Since the acquisition completed on 13 May
2015. the company's EPS have been spiked
up.
I am here to ANSWER a simple question.
Why KESM?
1) Low PE ratio company (PE 6.25)
2) Net cash company with net assets which
higher than their market price
3) Market leader in independent burn-in
test' service provider
4) Others
1) Low PE ratio company (PE 6.25)
2) Net cash company with net assets which
higher than their market price
Total cash : RM108mil
Total borrowing: RM45mil
Net cash position = RM63mil or RM1.46 per
share
As per quarter ended 30 April 2016, the
company's net assets position is at RM6.52,
which is 35% lower than current share
price of RM4.81!!
3) Market leader in independent burn-in
test service provider
As per disclosure from annual report, the
group (Sunright Limited) is the market
leader in independent burn-in test service
provider.
Other than that, recently the company has
won Stmicroelectronics Awards
on"Operation Excellent & Lean Awards".
4) Others
But with the release of the latest stunning
quarter result, I foresee the company will
be able to maintain or improved the result
in the next couple quarter.
Chart | Stock Name | Last | Change | Volume |
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Created by itjustabouttheprofit | Dec 08, 2020
Created by itjustabouttheprofit | Sep 04, 2018
Created by itjustabouttheprofit | Apr 16, 2016
one must understand the Company's business before investing in it... I would like to know more what is the business of "independent burn-in test' service provider"?
2016-06-06 08:25
Danny Tan, who would dare to listen to what crazy guy said like you? Please continue to act as you know all bosses of PLC, including Gadang.
2016-06-07 11:48
Too much cash in the kitty is a negative reflection on management.........have not used resources in a,beneficial way. TQVM for sharing your take on KESM. Cheers.
2016-06-07 16:41
boss of KESM rather enjoy holding cash than distributing out from his pocket to all other shareholders.
2016-06-07 18:35
KESM last minute buyer so strong, total 105.5 K unit worth RM543K at RM5.15 unable to match.
Any good news?
2016-06-08 22:37
U need to go to AGM to support Koon Koon...not being a keyboard warrior only..
2016-06-09 08:24
dannytansionkee
Post removed.Why?
2016-06-05 18:43