Tuesday, August 25, 2015

Panamy: Top-line & bottom-line recovered

Results Update

For QE30/6/2015, Panamy's net profit increased by 33% q-o-q or 37% y-o-y to RM32million while revenue increased by 48% q-o-q or 7% y-o-y to RM267 million. Revenue & profits increased q-o-q due to higher sales in domestic markets for both Home Appliances and Fan products contributed from sales momentum gained post GST implementation.

Table: Panamy's last 8 quarterly results

Chart 1: Panamy's last 34 quarterly results


Panamy (at RM21.42 yesterday) is trading at a PE of 12 times (based on last 4 quarters' EPS of 178 sen). At this PER, Panamy is deemed attractively valued. In addition, Pananmy has announced dividend totaling 127 sen (here & here). This means the DY for the stock is 5.9%.

Chart 2: Panamy's dividend record for last 34 quarterly results

Technical Outlook

Panamy is a long-term "uptrend line", with support at RM22.00. It also has horizontal support at RM20.00 and the line connecting its recent low for the past 4 years (A-B) at RM18.50.

Chart 3: Panamy's monthly chart as at Aug 25, 2015 (Source: ShareInvestor)


Based on good financial performance, attractive valuation and positive technical outlook, Panamy is still a good stock for long-term investment.

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, Panamy.

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