Posted by Najib Zamry > 2015-10-26 16:05 | Report Abuse

Cycle and Carriage Bintang Berhad (CCB) which holds 49% of Mercedes Benz Malaysia, is one of the stock that captured my attention when I screened thru a lists of "highly recommended company" that fulfill the following criteria:- (1)Future P/E less than 8 (2)Net Cash Company with positive net cash inflow (3)Growth companies which is going to announce good result in the coming quarter (4) Good corporate governance Company http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=C&securityCode=2925 CCB which is slated to announce the result this coming Thursday (29 Oct 2015) has recorded record profit RM21.8 million for the second quarter ended 30/6/2015. EPS is around 21.67. CCB has announced that they have sold 3,033 number of cars for the 3rd quarter 2015 which has 100% surpassed the number of cars recorded in the same quarter last year. EPS for this quarter is predicted to be around 20 sen. Based on the estimated annualise EPS of 58 sen, with PE 8, the company should worth RM4.64. I am not surprised if CCB might announce good dividend this time based on the satisfactory result achieved. http://www.theedgemarkets.com/my/article/mercedes-benz-commercial-vehicle-sales-15 http://paultan.org/2015/07/24/cycle-carriage-bintang-sets-record-profit-up-10-fold-due-to-strong-sales-higher-margins-and-mbm-dividend/