Thursday, August 29, 2013
DLady- bottom-line rebounded
For QE30/6/2013, DLady's net profit increased by 19% q-o-q or 15% y-o-y to RM35 million while its revenue increased by 21% q-o-q or 15% y-o-y to RM250 million. The improved in top-line and bottom-line was contributed by higher sales of powder and liquid products.
Table: DLady's last 8 quarterly results
Chart 1: DLady's last 21 quarterly results
DLady (closed at RM46.20 yesterday) is now trading at a PE of 23 times (based on last 4 quarters' EPS of 202 sen). With the earning growth rate of 18%, DLady's PEG ratio is at 1.2 times. As such, Dlady is deemed fully valued.
DLady broke its uptrend line, SS and is now moving in a sideway. Its immediate support is at the horizontal line at RM45. The next support is at the horizontal line RM41.00.
Chart 2: DLady's weekly chart as at Aug 28, 213 (Source: Quickcharts)
Despite good financial performance, DLady's outlook is dimmed due to mildly negative technical outlook and unattractive valuation. As such, I maintained the rating SELL INTO STRENGTH for now.
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, DLady.