Batu Kawan Berhad, BKAWAN (Stock Quote 1899) has announced the 4th quarter financial report for financial year 2008. These are the few key points of the report:
• The Group’s pre-tax profit for the current quarter was RM135.8 million, marginally higher compared to the RM132.1 million reported in the corresponding quarter last year.
• The Group’s pre-tax profit for the year ended 30 September 2008 was RM522.8 million, substantially higher than the RM359.9 million recorded last financial year, mainly due to higher profit contribution from KLK.
• The Net Profit for the current quarter was RM132.8 million compared to the RM131.6 million in the corresponding quarter last year.
• The Net Profit for the year ended 30 September 2008 was RM514.0 million, substantially higher than the RM355.4 million recorded last financial year.
• The Earning Per Share (EPS) for the current quarter is 30.13sen and 117.25sen for the year ended 30 September 2008.
• The Net Assets per Share is RM6.66.
The price of BKAWAN today is RM7.00, so the PE is RM7.00/RM1.1725 = 5.97x
This is really a very low PE, and the net asset per share is almost same as the share price. BKAWAN announce that there is 9 sen (less 25% tax) and 40 sen (single tier tax exempted) dividend. By using the share price now, RM7.00, the DY is 7%.
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