Background:
APB Resources Berhad and its Subsidiaries (APB Group) are involved in the fabrication of specialized design engineering equipment for petrochemical process industry, chemical industry, oil palm processing industry, paper mill industry and power generation industry, and the provision of non-destructive testing services.
APB Resources Berhad is listed on the Main Market of the Bursa Malaysia Securities Berhad.
Suitable for mid-long term investors :
1. dividend yield of 6-7% p.a based on RM0.97 closing price.
2. EPS for cummulative three quarter @ 13 cents / shares.
3. potential to increase capacity with additional land acquired and increase in its EPS.
4. No borrowing. Net cash position of approximately RM0.40 per shares.
Risk : counter illiquid.
If the company management able to secure more contract for coming months, I think the potential is there. 12 months target price : RM1.30 of its NTA
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