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.
Monday, September 02, 2013
Apollo- Bottom-line jumped
Result Update
For QE31/7/2013, Apollo's net profit increased 50% q-o-q or 34% y-o-y to RM11 million while revenue was mixed: up 5% q-o-q but lower by 2% y-o-y to RM57 million. Higher demand from both local and export markets had contributed to a q-o-q increase in revenue. The higher sales and the lower operating costs had contributed to the increase in profit.
Table 1: Apollo's last 8 quarterly results
Chart 2: Apollo's last 24 quarterly results
Valuation
Apollo (closed at RM4.14 on August 30) is now trading at a PE of 10 times (based on last 4 quarters' EPS of 43 sen). For a consumer stock, Apollo's valuation is deemed undemanding.
Technical Outlook
Apollo has been holding above RM4.00 for the past 3 months for the past 6 months. The RM4.00 mark will be the strong support for this stock.
Chart 2: Apollo's monthly chart as at Sep 2, 2013_3.00pm (Source: Quickcharts)
Conclusion
Based on good financial performance, attractive valuation & still positive technical outlook, Apollo remained a good stock for a 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, Apollo.
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