Like DXN, Daiboci also had a bullish breakout recently, which I had posted on (here). Yesterday, it announced its results for QE30/6/2011. Its net profit increased by 7% q-o-q or 19% y-o-y to RM5 million while its turnover also increased by 8% q-o-q or 20% y-o-y to RM73 million. From the chart below, we can that Daiboci's top-line is rising but its bottom-line remained stagnant.
Table: Daiboci's last 7 quarterly results
Chart: Daiboci's last 15 quarterly results
Comment & Conclusion
Based on current PE of 11.5 times and the bullish technical outlook (as noted recently), I would rate Daiboci a HOLD.
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