This week, Triumpl had become a member of my value-stock portfolio.
According to its latest quarterly reports, Triumpl's net-working-capital per share is about RM1.50. I bought it at 75 sen per share, a 50% discount from its net-working-capital.
Other supporting points for buying Triumpl:
- nearly zero debt position.
- uninterrupted dividend payment for more than 10 years. (though the yield was quite low)
- low PE ratio. (about 5, three years average)
- cash per share about 34 sen. (about 45% of my buy price is for the cash)
The company's balance sheet condition is very similar to that of UMS Holdings Bhd (another company in my value-stocks portfolio). Triumpl also had very high inventories and receivables as compared to its profit. However, the level of these items are quite stable throughout the years.
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