专家说值得8元
那天收到利卖蛇，就是股票经纪的电邮
如下：
周一 5/22, 8:16
DKSH reported RM13.4m profit in 4Q16, +32.6% yoy & +146.2% qoq. This brings its full year 2016 profit to RM50.5m, +37% yoy. If we adjust the one-off impairment on receivables of rm15m in 2016, the full year core profit +70% yoy, translating to a record core profit of RM62m (13.4x FY16 PE).
以上的话
就引君入瓮了。。。。。
Since its inception,
DKSH has never record core profit of more than RM60m p.a. This is literally a
record year for the company.
Its operating cash flow
return to positive and the company closed the account with RM42.9m net cash as
at FY16. This helps to clear the air as some investors were worry about the
"deteriorating" cash flow in 3Q16.
Management's tone on
2017 outlook is upbeat vs cautious view on 2016 when IR reported its 4Q15
results in 2016. Organic growth for the revenue was at high single digit in
2016, after adjusting for the impact of change of clientele for telco prepaid
card.
Going forward, the co is
expected to continue to grow its revenue at mid to high single digit, while
profit is expected to grow at 3x of its top line growth.
盈利增加3倍？？？
这样的行情。。。。。。
乐观到。。。。
可能吗？
你会。高兴
马上去入场。。。
最后， 你
相信了
买了入场了
可能到8元吗？
合理价格是8元
可能吗？。。。。
Assuming 20% core profit
growth in 2017, DKSH is trading at 11x FY17 PE, or 8.2x PE if you exclude the
net cash and net working capital (RM457m) as at FY16. Again, for a distributor of healthcare and fmcg
products, net working capital is as good as cash and that serves as a basis for
the high teens PE multiples that most of the dominant distributor trading at,
including DKSH Swiss which is trading at 20x fy17 PE.
By valuing the co at 17x
FY17, the fair value would be RM8.00.
vvvvvvvvv
这种写法
就是
误导性
因为
EPS 跌了
没有说
而
盈利比之前差
避开了
目前的行情越来越不行。。。
业绩不可能再好
只会变差
去市面上看看
DKSH代理的产品。。。。
就知道
生意难做。。。。。。。。
Quarterly rpt on consolidated results for the financial period ended 31 Mar 2017
| DKSH HOLDINGS (MALAYSIA) BERHAD |
| Financial Year End | 31 Dec 2017 |
| Quarter | 1 Qtr |
| Quarterly report for the financial period ended | 31 Mar 2017 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
| ||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD | ||
31 Mar 2017
|
31 Mar 2016
|
31 Mar 2017
|
31 Mar 2016
| ||
$$'000
|
$$'000
|
$$'000
|
$$'000
| ||
| 1 | Revenue |
1,369,668
|
1,332,797
|
1,369,668
|
1,332,797
|
| 2 | Profit/(loss) before tax |
13,509
|
15,679
|
13,509
|
15,679
|
| 3 | Profit/(loss) for the period |
10,046
|
11,270
|
10,046
|
11,270
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
10,046
|
11,270
|
10,046
|
11,270
|
| 5 | Basic earnings/(loss) per share (Subunit) |
6.37
|
7.15
|
6.37
|
7.15
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
| ||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
2.9705
|
3.3686
| ||
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
Announcement Info
| Company Name | DKSH HOLDINGS (MALAYSIA) BERHAD |
| Stock Name | DKSH |
| Date Announced | 24 May 2017 |
| Category | Financial Results |
| Reference Number | FRA-16052017-00023 |
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5908
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