| Latest Forum Topics / Texchem-Pack |
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Leading the pack
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allantanhc
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22-Feb-2007 23:09
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Is anyone still following this counter? |
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allantanhc
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19-Feb-2007 17:49
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There is some inaccuracy in the reported news. Texchem Pack is paying $0.017 (or 1.7 cents) dividend on 18 May 07. XD is 3 May 07. This is clearly one undervalued stock that has been overlooked by the market. Based on its latest full year results, the company has an EPS of 16.6 sen (Malaysia sen) which works out to about 7.28 Cents Singapore. This gives a historical PE ratio of 4.5 times based on closing share price of 33 Cents. Dividend yield is a good 5.15%. NAV is 58.9 sen or about 25.8 cents Singapore. This gives a PB ratio of 1.28. The company has also made acquistion in Dec 06 to diversify its revenue based so as not to over rely on the electronic industry. At the current price of 33 Cents, it is trading at a discount of 17.5% to its IPO price in Nov 06. My sense is that this stock has tremendous upside potential and it is worth picking up. I note that DBS has a target price of 44 cents when it initiated its coverage in Nov 06 based on 6.5xFY07 earnings. With the latest results, the stock should be due for upgrading. The trading volume has been low. Hence TA may not be reliable. However, based on the few indicators those who look for value may want to take a look. |
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uc2028
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15-Feb-2007 22:54
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wah dividend payout is 50%. They paying 16.7 cents per share le... so good ar |
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jackjames
Elite |
15-Feb-2007 17:04
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oh ya, big mistakes.. I admit. Thanks for clarification~ |
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ngch12
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15-Feb-2007 16:30
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dividend is 0.0167cents.not 0.167cents.so happy make silly mistake or share wi;; be 50cents now.silly silly mistake. |
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jackjames
Elite |
15-Feb-2007 16:16
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Is this true? When is the dividend payout?? It's 0.167 per share. meaning if u buy at price now 0.34, say 60 lots, we need to pay $20,400, dividend is 60000x 0.167 = $ 10,020 ??????? Do they make any mistakes here?? When is the dividend payout ex- and closure date?? sounds very good returns! |
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zhuge_liang
Supreme |
30-Nov-2006 23:42
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DBSV has a "buy" call in view of healthy growth in its revenue and net profit and the company's attractive 10% yield based on 50% dividend payout. "With a strong customer base and fully integrated manufacturing capabilities, Texchem is poised to benefit from the continual expansion of product range with existing customers in the tech sector," DBSV said in a note. "We expect brisk demand of thermoforming products to underpin topline CAGR of 15% on the back of healthy industry growth for HDDs and semiconductors," it added. The brokerage said it expects Texchem's diversification from the electronics customer base into automotive will significantly contribute to its revenue from 2008, while a successful penetration into the high barrier-to-entry medical industry will create stable income for the group. |
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zhuge_liang
Supreme |
30-Nov-2006 23:39
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DBSV initiated coverage with a price target of $0.44 pegged at 6.5x FY07 earnings. |
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