For QE30/6/2018, YSPSAH's net profit rose 54% q-o-q or 227% y-o-y to RM10.4 million while revenue was mixed - down 5% q-o-q but up 13% y-o-y - to RM67.8 million. Revenue dropped q-o-q mainly due to a slight reduction in demand from local market. Net profit rose q-o-q as a result of higher profit margin from changes in product mix during the quarter under review
Table: YSPSAH's last 12 quarterly results
Graph: YSPSAH's last 24 quarterly result
As at 30/6/2018, YSPSAH's financial position is deemed very healthy with current ratio at 4.3 times and gearing ratio at 0.3 time.
YSPSAH (closed at RM2.80 yesterday) is now trading at a trailing PER of 14.7 times (based on laat 4 quarters' EPS of 19 sen). At this PER, YSPSAH is deemed fully valued.
YSPSAH may test the line connecting the highs made in 2015 & 2017, AB at RM3.00.
Chart 1: YSPSAH's weekly chart as at Aug 18, 2015 (Source: Malaysiastock.biz)
Chart 2: YSPSAH's monthly chart as at Aug 18, 2015 (Source: Shareinvestor.com)
Based on good financial performance & position, YSPSAP is considered a good stock for medium-term investment. The stock's upside is limited due to technical resistance ahead as well as being fairly valued.
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