This is a personal weblog, reflecting my personal views and not the views of anyone or any organization, which I may be affiliated to. All information provided here, including recommendations (if any), should be treated for informational purposes only. The author should not be held liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.
Thursday, July 19, 2012
Huayang- top-line & bottom-line increased
Results Update
Huayang has announced its results for QE30/6/2012. Its net profit increased by 26% q-o-q or 43% y-o-y to RM16.5 million while turnover rose by 16% q-o-q or 59% y-o-y to RM98 million.
Table: Huayang's last 8 quarterly results
Chart 1: Huayang's last 16 quarterly results
Valuation
Huayang (closed at RM1.97 yesterday) is now trading at a PE of 4.9 times (based on last 4 quarters' EPS of 40 sen). At this PE, Huayang is deemed attractive.
Technical Outlook
Huayang is in a steady uptrend since breaking above the 'horizontal' resistance at RM0.95.
Chart 2: Huayang's monthly chart as at July 18, 2012 (Source: Tradesignum)
Conclusion
Based on good financial performance, attractive valuation & positive technical outlook, Huayang is rated a good stock for long-term investment.
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