Tuesday, June 14, 2011

KUB (6874)

大馬統一放眼明年營收20億

(吉隆坡14日訊)大馬統一(KUB, 6874, 主板貿服組)獲蜆殼石油(SHELL, 4324, 主板工業產品組)遴選進入最終決選名單,成為液化石油天然氣(LPG)業務潛在得主,一旦獲標,將直接晉升成國內第二大液化天然氣供應商,更放眼明年錄取 20億令吉營業額。

該公司董事經理拿督莫哈末納薩透露,旗下天然氣業務目前在大馬佔有12%市佔率,平均每年貢獻2億8千萬至3億令吉營業額,惟只要成功收購蜆殼石油液化天然氣資產,市佔率將大幅暴增至32%,相關業務營業額也將雙倍走高。(星洲互動)



MINISTRY OF FINANCE OWN 23.4% SHAREHOLDING? Interesting counter.
WATCH OUT!
THIS WILL BE ANOTHER TURNAROUND (AFTER RESTRUCTURING) COMPANY WITH MOF AS SHAREHOLDER SITTING ON BOARD. START TO MAKE PROFIT SINCE YEAR 2008.

Assuming net profit margin as RM50 million (net profit margin of 2.5%) with turnover RM2 billion, EPS=RM0.09.
Current Price = RM0.69, 10X PER for forward earning, FV = RM0.90, 12X PER for oil & gs sector, FV = RM1.08.

GOOD LUCK!

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