Friday, December 9, 2011

George Kent 9M2011 Result Review, PBT down 54% YoY

George Kent (Malaysia) Berhad is an engineering-based company with diversified business interests in many industries such as water industry, construction and project management. It reported its 9M2011 results yesterday. Here's the summary of the result:
1. 3Q2011 Revenue down 31% to RM31.2m, Profit before tax down 54% to RM4.9m.
    This is due to deferment in the commencement of certain projects as well as deferment in the award
    of certain tenders for supply of meters.
2. Trading at 2011 Annualized PE of 13.7x. Annualized 2011 EPS: 7.28 sen.
3. Trading above Book Value at 1.28x Price To Book. Latest Book Value RM0.78. With share price     close at RM1.00 yesterday.

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