Last post : 21-3-2011
Share Price : RM1.58
Financial result going to be released either this week or early next week. Its controlling company FIMACOR (approx. 61%) financial result also due for announcement this week.
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.
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*
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.
SHORT TERM TARGET - RM1.85
GOOD LUCK!
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