The new member of my value-stocks-portfolio. Bought at 25 sen per share, a discount of almost 40% from its net-working-capital (based on Jun-2010 report).
Listed on KLSE since 2006, UMS-Neiken is principally involve in the manufacturing of electrical wiring accessories.
a quick glance:
- PE ratio ~ 8. (calculated from three years average earnings).
- net dividend yield ~ 4%. (three years average).
- Cash per share ~ 9 sen. (at Jun-2010)
- Debt/Equity ~ 10%. (at Jun-2010)
Revenue fell significantly in 2009. However, EPS and dividend were relatively stable compared to 2008.
Its inventories, receivable, and borrowings show a slight increase recently.
The trading volume of its shares is quite low.
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