1. FY13 EPS up 9% to 5.00 sen. FIBON reported
FY13 EPS of 5.00 sen (+9% YoY against 4.59 sen last year). However, its 4Q13
EPS declined 7% YoY to 1.04 sen due to higher admin expenses.
2. Background. FIBON is a technology Company. It is engaged in the
formulation, manufacturing and sales of polymer matrix fiber composite
materials and products for the Electrical, Electronic, Petrochemical and
Automotive industries.
3. Dividend of 1.25 sen was announced. This will still need approval in
the next AGM but usually it will go through. At current share price of 33 sen, this
translates into dividend yield of 3.8%.
4.Low volume, boring stock. Today volume is still small (~65k) although
the earnings and dividend was announced yesterday. Hence, this is a boring
stock in which share price does not move much.
5. Strong balance sheet. This Company has no borrowing at all. And its
net cash is RM20.0m or 20.0 sen per share. Basically, this means about 65% of
its share price is backed by cash. From corporate finance angle, FIBON does not
use its cash into good use hence its depressed share price so far.
6. Theoritical value of RM0.32 per share. Simply by using its latest book value of RM0.32 per share.
2. Background. FIBON is a technology Company. It is engaged in the formulation, manufacturing and sales of polymer matrix fiber composite materials and products for the Electrical, Electronic, Petrochemical and Automotive industries.
3. Dividend of 1.25 sen was announced. This will still need approval in the next AGM but usually it will go through. At current share price of 33 sen, this translates into dividend yield of 3.8%.
4.Low volume, boring stock. Today volume is still small (~65k) although the earnings and dividend was announced yesterday. Hence, this is a boring stock in which share price does not move much.
5. Strong balance sheet. This Company has no borrowing at all. And its net cash is RM20.0m or 20.0 sen per share. Basically, this means about 65% of its share price is backed by cash. From corporate finance angle, FIBON does not use its cash into good use hence its depressed share price so far.
SUMMARY OF KEY FINANCIAL INFORMATION
31/05/2013
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
| ||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD | ||
31/05/2013
|
31/05/2012
|
31/05/2013
|
31/05/2012
| ||
$$'000
|
$$'000
|
$$'000
|
$$'000
| ||
| 1 | Revenue |
3,352
|
3,598
|
16,674
|
16,901
|
| 2 | Profit/(loss) before tax |
1,228
|
1,550
|
6,566
|
6,226
|
| 3 | Profit/(loss) for the period |
1,019
|
1,102
|
4,901
|
4,499
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
1,019
|
1,102
|
4,901
|
4,499
|
| 5 | Basic earnings/(loss) per share (Subunit) |
1.04
|
1.12
|
5.00
|
4.59
|
| 6 | Proposed/Declared dividend per share (Subunit) |
1.25
|
0.00
|
1.25
|
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 ($$) |
0.3200
|
0.2900
| ||
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