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.
Tuesday, August 28, 2012
SMRTech- the bottom-line sored
Results Update
For QE30/6/2012, SMRTech's net profit increased by 186% q-o-q or 103% y-o-y to RM4.2 million while revenue increased by 70% q-o-q or 95% y-o-y to RM20.3 million. The improved performance was due to special projects with Pembangunan Sumber Manusia Bhd, Ministry of Human Resources of Malaysia and Petro Rabigh of Saudi Arabis.
Table 1: SMRTech's last 8 quarterly results
Chart 1: SMRTech's last 17 quarterly results
Valuation
SMRTech (closed at RM0.26 today) is trading at a gross PE of 3.8 times (based on last 4 quarters' gross EPS of 6.83 sen). At this PE multiple, SMRTech is deemed attractive.
Technical Outlook
SMRTech is still in an uptrend. The uptrend support could be the 40-week SMA line at RM0.21 or the uptrend line (SS) at RM0.17. I believe the psychological & horizontal support at RM0.20 will be a very support for this stock.
Chart 2: SMRTech's weekly chart as at Aug 27, 2012 (Source: Tradesignum)
Conclusion
Based on good financial performance, attractive valuation & positive technical outlook, SMRtech remained a good stock for long-term investment.
Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, SMRTech.
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1 comment:
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