Monday, May 20, 2013

EUPE- another small-cap property stock on the move

EUPE is another relatively small property developer which specialized in residential projects in the Northern part of Peninsular Malaysia. For more, go here.

EUPE reported a net profit of RM15 million on a revenue of RM147 million for FYE31/12/2012. This is a big improvement over the result for FYE31/12/2011 where its net profit was RM8 million while its revenue was RM143 million. Its EPS for FY2012 was 11.6 sen while its NTA stood at RM2.05 as at 31/12/2012. At RM0.90 on May 17, EUPE is now trading at a PE of 7.8 times or a Price to Book of 0.44 time. At these multiples, EUPE is deemed fairly valued for a small-cap stock.

Chartwise, EUPE broke above its strong horizontal resistance at RM0.73. Its next strong resistance will be the horizontal line at RM1.00 and then at RM1.10. Based on technical breakout, EUPE could be a trading BUY.


Chart: EUPE's monthly chart as at May 17, 2013 (Source: quickcharts)

Note: 
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, EUPE.

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6 comments:

  1. Chun MunMonday, May 20, 2013 1:11:00 PM

    Hi Alex,
    What is your opinion on Tambun? It is flying high.

    ReplyDelete
  2. UnknownMonday, May 20, 2013 1:25:00 PM

    Hi Alex,

    What about BPURI?

    Rgds

    ReplyDelete
  3. laiMonday, May 20, 2013 5:59:00 PM

    HI Alex,

    More leg to run for Property related theme?

    Cheers!

    ReplyDelete
  4. Alex LuTuesday, May 21, 2013 3:53:00 PM

    Hi Chun Mun

    I do not know why Tambun share price has rocketed sky high. A rise like this is exhilarating while it lasts. It is depressing if you are the one left holding the baby when rise is over.

    Good luck.

    ReplyDelete
  5. Alex LuTuesday, May 21, 2013 3:57:00 PM

    Hi Billy Teo

    BPURI may have broken above its intermediate downtrend line at RM0.73 two weeks ago. It may have broken above the horizontal line at RM0.80 this week. Given its steady decent over the past 30 months, its recovery is unlikely to be plain sailing. It is likely to consolidate at the RM0.80 mark for a while before its upleg appear. So, you may want to wait & see how well the stock hold onto the RM0.80 level over the next few weeks.

    Good luck.

    ReplyDelete
  6. leslieroycarterWednesday, May 29, 2013 4:00:00 PM

    Do you still very positive on this counter ? its price has been coming down quite drastically after the appearance of your article though its EPS is high , low PE and high NTA.

    ReplyDelete