Table: Latitud's 8 quarterly results
Graph: Latitud's P&L for last 62 quarterly results
As at 31/12/2020, Latitud's financial position is deemed healthy with current ratio at 2.2x and gearing ratio at 0.5x.
Latitud (closed at RM4.19 last Friday) is now trading at a trailing PER of 9.4 times (based on last 4 quarters' EPS of 44.7 sen). If we exclude the one-off exceptional gain from insurance claim of RM7.8 million received by a furniture plant in Vietnam, the PE ratio is still quite attractive at 11.4 times.
Proposed Bonus Issue
Latitud is in an uptrend line with support at RM3.90. Immediate resistance is at the horizontal line at RM4.50.
Chart: Latitud's monthly chart as at Feb 25, 2021 (Source: Malaysiastock.biz)
Based on good financial performance & position, fairly attractive valuation and bullish technical outlook, Latitud is a good stock for long-term investment.
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