One company that we can benchmark is Efficen, a bit similar type of business, Efficen is currently trading @ PE37, Other technology counters like IFCA @ PE29, Systech @ PE28, Nova @ PE37. Let's take PE20 for PRIVA, it should be trading 0.3 easily.
possibilities for 0.3 quiet high... due to oil price increase , if refer to tracker more volume bought at 0.19 and been kept not sell... correct me if im wrong plse
Executive Summary (a) Privasia is listed on ACE Market. It specialises in IT and telecommunication.
(b) On Friday, Privasia released its December 2014 quarterly results. Revenue and net profit increased from RM17.9 mil and RM1.03 mil (in September 2014 quarter) to RM28.4 mil and RM5.07 mil, representing growth of 59% and 390% respectively.
The substantial growth was due to higher profit contribution from the Outsourcing & Consulting Division as well as IT & Communication Services. The jump in earnings is purely operational and not due to any exceptional item.
(c) Among all the technology companies that I have studied (ACE and Main Market), Privasia gave me the best impression (too bad I couldn't make up my mind in the past and only started buying this morning in reaction to the sterling financial results).
From their past quarterly results and annual rerports, it is obvious that they have a wide range of expertise in IT as well as telecommunication.
Many other companies also claim in their websites they have expertise in various fields. But upon closer inspection, usually it is only a single field they excel in while the others are relatively inactive and do not generate much revenue.
Privasia is different. Apart from their bread and butter Outsourcing and Consulting Division, their other divisions such as Satelite Technology, E-Procurement, etc also generate substantial revenue and profitability.
In my opinion, this is a company with substance and can compete effectively in the industry based on own merits and not rely on government for handouts.
(d) With its formidable technological capability, the group has built up order book of RM151 mil. This is sufficient to last them until 2020 (source : 31 December 2014 quarterly reports).
(e) So far so good. The question now is : can the sterling performance be repeated in coming quarters ? What if we buy the shares and next few quarter earnings revert to their long term average of approximately RM1.35 mil per quarter ? Unfortunately, I don't have the answer to the above questions.
You can wait for the dust to settle or you can jump in now to join the gold rush. The decision is yours.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
spiderman88
132 posts
Posted by spiderman88 > 2015-02-17 15:53 | Report Abuse
somebody collect many at 0.150. After CNY sure have good news....