A-Rank Bhd is principally engaged in investment holding and manufacturing and marketing of aluminium billets respectively. It reported its 1Q2012 results yesterday. Here's the summary of the result:
1. Revenue up 5% to RM100.3m.
This is due to higher business volume as well as a slight increase in average selling prices due to the
rise in underlying raw material costs.
2. But profit before tax down 15% to RM1.8m.
Mainly caused by lower margins as a result of the volatility in aluminium prices as well as the stronger
Malaysian Ringgit which impacted export margins.
3. Trading below Book Value at 0.54x Price To Book. Latest Book Value RM0.78. With share price
close at RM0.42 yesterday.
This blog is related to observations regarding stocks traded in Malaysia. Disclaimer: The company analysis that appear in this blog is merely facts gathered from different sources and the author's personal view. It is not a buy or sell recommendation. The author do not guarantee the accuracy of the facts being presented. Please consult your investment advisors before acting on any information provided by the analysis above.
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