This is the new member in my value-stocks portfolio. 5000 shares were bought at 41.5sen.
The main business of SMIS Corp is automotive parts. According to its quarter-report Mar-2012, its net-working-capital per share was RM1.05. That means i'm buying the share with 60% discount from its NWC. The better part is, each share comprise 40sen of cash.
Historical data:
the three-years-average of EPS was about 8.0sen, which gave a PER = 5 for the current share price.
The above table shows that SMIS Corp had experienced a significant growth in the past few years. The poor performance of its share price may be a result of loss-making 2011. According to its management, the loss was mainly due to "development cost" of projects, not quite understand what it means... however, the company did come back to profit in Q1-2012.
There are two down side about this stock:
1. no dividend record found.
2. trading volume extremely low.
These may explain why it share price drop to this level...
.
The main business of SMIS Corp is automotive parts. According to its quarter-report Mar-2012, its net-working-capital per share was RM1.05. That means i'm buying the share with 60% discount from its NWC. The better part is, each share comprise 40sen of cash.
Historical data:
the three-years-average of EPS was about 8.0sen, which gave a PER = 5 for the current share price.
The above table shows that SMIS Corp had experienced a significant growth in the past few years. The poor performance of its share price may be a result of loss-making 2011. According to its management, the loss was mainly due to "development cost" of projects, not quite understand what it means... however, the company did come back to profit in Q1-2012.
There are two down side about this stock:
1. no dividend record found.
2. trading volume extremely low.
These may explain why it share price drop to this level...
.
No comments:
Post a Comment