In QE31/1/2017, Astino's net profit rose by 117% q-o-q or 75% y-o-y to RM12 million while its revenue rose by 18% q-o-q or 12% y-o-y to RM134 million. Revenue rose q-o-q primarily due to increase in overseas market demand and the selling price. PBT rose q-o-q mainly due to increase in sales and profit margin. [FYI, Astino is involved in the manufacture & sale of metal roof sheets & other building related products. I posted on this stock 10 years ago. (here)]
Table: Astino's last 8 quarters' results
Graph: Astino's last 39 quarters' results
Astino's financial position as at 31/1/2017 is deemed healthy with current ratio at 3.1x and gearing ratio at 0.3x.
Astino (closed at RM0.75 last Friday) is now trading at a trailing PER of 5.7x (based on last 4 quarters' EPS of 13.16 sen). At this PER, Astino is deemed fairly attractive.
Astino has tested its long-term uptrend line at RM0.70. If it can break above its intermediate downtrend line at RM0.80, it may continue with its prior uptrend.
Chart: Astino's monthly chart as at Mar 24, 2017(Source: Shareinvestor.com)
Based on good financial performance, attractive valuation & mildly bullish technical outlook, Superln could be a good stock for long-term investment.
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