Buy & keep for long term, u shall be rewarded. Dividend 5.5 cents payable end of this year, PE ratio only 8 & company earning is growing steadily. US, Germany, England, France, China, Japan, Korea, Singapore all green green.
-----Harbour, a logistics leader with stronger earnings ahead from Sarawak-----
- A dominant logistics player in East Malaysia (in Sabah and Sarawak) with a market share of >50% and a solid track record.
-A resilient company benefiting from the major SCORE project in Sarawak. Benefitting from the logistics demand and mammoth construction projects from the local construction industry (PETRONAS Train 9, Samalaju Industrial Park, Balingian power plant) and industries at Samalaju Industrial Park (for the handling of raw materials/finished products).
-Financial Position. It has net cash 5 sen per share. Thus Harbour is a fairly healthy company.
-Declared a DPS of 5.5sen for the financial year ended 30 June 2015.(21% of EPS).
-For QE30/6/2015, Harbour's net profit increased by 26% q-o-q or 23% y-o-y to RM15.6 million while its revenue increased by 17% q-o-q or 48% y-o-y to RM147 million. Projecting core EPS growth of 21% in FY6/16, underpinned by its logistics division (which will benefit from the increasing outsourcing logistics demand in East Malaysia), potential logistics contracts for Baleh and Baram hydro-dams and lumpy property earnings recognition in FY6/16.
- A “lumpy” income from property development in FY16. The group has launched and developed a 130 acres land with into a mixed commercial and industrial zone with a potential gross development value (GDV) of RM1 billion spanning over 10 years. The project is expected to generate strong margins due to their low land cost with land and construction cost expected to constitute only six per cent and 50 per cent of GDV. Response from buyers has been encouraging so far with 60 per cent take-up rates for the first phase of the project (industrials/shoplots) launched, which is estimated to be worth circa RM120 million.
Harbour isn't very appealing in terms of PE & NTA. However, it's very cheap indeed in terms of enterprise value & DCF. It doesn't move as fast as other hot cake. What's matter is how far it can go.
Usually, any major play will happen a few days after dividend ex date. Somehow, syndicates want to have the cake and eat it too. Then again, if you can't eat it, why have the cake? Who created this stupid proverb?
Yeah, after consolidating like forever, it's finally moving. Love this stock. It has a real competitive advantage in them being the logistics leader in Sarawak and with the pan Borneo highway in the works, they are poised for further upside. Easily $4 fair value
I bought more yesterday at average 2.75+ - for an overall average price of around $2.55 this stock is my second largest investment after SAM. Returns for the holding period has been pittance so far. Hopefully, it's turning bullish soon
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....
axejay
405 posts
Posted by axejay > 2015-09-11 13:34 | Report Abuse
the once strong bull is coming back! look at how it shoot up to 2.8 from 1.7 back in May!