Year EPS (sen) DPS (sen)
2010 22.32 5.00 9M2010 EPS = 19.86, estimated 12M2010 EPS= atleast 25 sen
2011 25.00 10.00* *estimation
2012 30.00 15.00*
KFIMA 3 Years P/L Track Record:
PROFIT & LOSS | @ 2010-03-31 | @ 2009-03-31 | @ 2008-03-31 |
CURRENCY | MYR | MYR | MYR |
TURNOVER | 410,447 | 369,070 | 308,712 |
OPERATING PROFIT | 108,538 | 74,770 | 55,279 |
PROFIT/LOSS BEFORE TAX | 115,726 | 81,193 | 56,862 |
NET PROFIT/LOSS TO SHAREHOLDERS | 58,749 | 46,160 | 30,287 |
( Inclusive of ) | |||
Depreciation | (19,451) | (16,346) | (14,467) |
Interest | (4,163) | (4,976) | (3,828) |
Taxation | (29,293) | (10,566) | (13,588) |
*All figures in '000 | |||
GROSS EPS (CENT/SEN) | 22.32 | 17.54 | 11.51 |
DIVIDEND CURRENCY | MYR | MYR | MYR |
GROSS DIVIDEND | 0.05 | 0.03 | 0.03 |
Note: Cash balance approximately RM200 million or cash per share of RM0.76 and still building up because of cash dividend flow in from FIMACOR (3107) and consistent earning from plantation segment.
Target Price:
1. RM2.00 based on 8x PER for FY2011
2. RM2.00 based on dividend yield of 5% based on 10 sen dividend payout in 2011
3. RM2.00 - RM2.50 based on dividend yield of 5% if dividend payout 15 sen in year 2012.
GOOD LUCK!
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