In QE31/12/2016, HEIM's net profit increased by 84% q-o-q or 15% y-o-y to RM105 million while turnover rose 50% q-o-q or 10% q-o-q to RM578 million. Revenue rose sharply q-o-q principally driven by higher volumes from festive demand, improved brand portfolio performance and the stabilization of the market following lower volumes observed in the immediate preceding quarter. PBT rose 63.4% q-o-q on the back of increased revenue and timing of commercial spend. PAT rose more than PBT due to lower tax rate as a result of RM13.4 million deferred tax used to reduce tax charge.
Table: HEIM's last 8 quarterly results
Graph: HEIM's last 45 quarterly results
HEIM (closed at RM15.92 yesterday) is now trading at a trailing PER of 17.6 times (based on last 4 quarters' EPS of 90.47 sen). Its dividend yield is very attractive at 6.0%. Based on PER & DY, HEIM is deemed fairly attractive.
HEIM is in an long-term uptrend line. Its immediate support comes from the horizontal line at RM15.90-16.00.
Chart: HEIM's weekly chart as at Feb 15, 2017 (Source: MalaysiaStock.Biz)
Based on good financial performance, fairly attractive valuation & positive technical outlook, HEIM could be a good stock for your investment portfolio.
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