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Wednesday, April 26, 2017

Takaful: Earnings Soared


Results Update

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

Valuation

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.

Technical Outlook

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)

Conclusion

Based on satisfactory financial performance & positive technical outlook, Takaful is a good stock for long-term investment despite its fully valuation.

Note:

I hereby confirm that I do not have any direct interest in the security or securities mentioned in this post. However, I could have an indirect interest in the security or securities mentioned as some of my clients may have an interest in the acquisition or disposal of the aforementioned security or securities. As investor, you should fully research any security before making an investment decision.
 

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