For QE31/3/2017, Takaful's net profit rose 45% q-o-q or 22% y-o-y to RM57 million while revenue rose 34% q-o-q or 4% y-o-y to RM660 million. Profit before zakat and taxation rose 77.6% q-o-q mainly due to higher net wakalah fee income.
Table: Takaful's last 8 quarters' results
Takaful's net profit is now at a new high!
Graph: Takaful's last 44 quarters' results
Takaful (closed at RM4.01 yesterday) is now trading at a PE of 17.7 times (based on the last 4 quarters' EPS of 22.71 sen). At this PER, Takaful is deemed fully valued.
Takaful is resting on a long-term uptrend line at RM4.00.
Chart: Takaful's weekly chart as at April 25, 2017 (Source: MalaysiaStock.biz)
Based on satisfactory financial performance & positive technical outlook, Takaful is a good stock for long-term investment despite its fully valuation.
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