Dompilee, I guess it will reach. But I don't buy foreign shares. Might explore in future. I missed Facebook, alibaba. Now I got some extra, might wanna go there. Malaysia market too boring, haha
Seriously. This is the craziest stock I have seen in bursa! Now generating 82mil cashflows with 43mil share outstanding. Very easily 100mil a year. so this stock is worth rm20. Easily. I revise my tp from 16 to 20 now.
their ovens can use 10years+ no need change one la... huhu... depreciation 48m, net profit 30m... 1.5x... imagine they twisted the depreciation a little bit... cincai also 2x... LOL
paperplane2016 And they buy more equipment, depreciate more! Old machines how
Yesterday, KESM (OP; TP: RM15.20) reported its 9M17 earnings, which rose 35%, coming within expectations. The improved results were largely revenue driven as well as on better product mix with higher portion of high margin testing services. Going forth, focus remains towards growing the testing business for automotive semiconductors. We keep our OP/TP: RM15.20/estimates for now.
KUALA LUMPUR: KESM Industries Bhd continues to offer a compelling proposition in the automotive burn-in and test space, which is expected to see strong structural growth ahead, according to Affin Hwang Capital Research
It said the positive surprise was due to better than expected revenue and Ebitda margin coming in slightly ahead of our forecast at 33.2%. 9MFY17 earnings growth was driven predominantly by revenue expansion.
Besides, we understand that the company is enhancing the production process by increasing the level of automation, which should be long-term positive.
“On this account, we think that the margin improvement is thus impressive, probably driven by prudent cost measures and improved product mix,” Affin said.
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....
EricNgan
3 posts
Posted by EricNgan > 2017-05-27 20:39 | Report Abuse
kk123, you bought sunright shares?