For QE31/12/2015, Kimlun’s net profit rose 9% q-o-q or 134% y-o-y to RM21 million while revenue was down 4% q-o-q or 17% y-o-y to RM232 million.
Table: Kimlun's last 12 quarters' P&L accounts
Chart 1: Kimlun's last 12 quarters' revenue, profits & profit margins
Kimlun (closed at RM1.52 last Friday) is now trading at a PER of 9.5 times (based on last 4 quarters’ EPS of 16 sen). At this PER, Kimlun is deemed fairly traded.
Kimlun has broken above its intermediate downtrend line, R2-R2 at RM1.35 in December last year. It rallied to the horizontal line at RM1.65 and then corrected back to the horizontal line at RM1.50.
Chart 2: Kimlun's monthly chart as at Feb 26, 2016 (Source: ShareInvestor.com)
Based on good financial performance, fair valuation & positive technical outlook, Kimlun could be a good stock for medium-term investment.
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, Kimlun.