PANSAR (8419) - PANSAR (NCAV RM0.54) at 52-w low: looking forward to Q4 earnings
23 Mar 2015, 03:51 PM
PANSAR… not 一盘沙.
ColdEye is one of its thirty largest shareholders, holding some 900,000 shares.
Flashback
To date, PANSAR’s cumulative profit was down 16% against its corresponding Quarter 3 of FY14. Consequently, its stock prices were punished and hit the rock bottom at 0.425.
PANSAR businesses
PANSAR is involved in the marketing and distribution of:
Catalysts
Quarter 4 earnings of FY15 is expected to exceed the correspondence in FY14.
PANSAR stock prices are still lingering around its 52-w low. According to Empiritrage’s backtesting, a dollar invested in the 52-w low was worth $79.69-more than twice that of the general market.
Why is it so? Because of adequate safety margin.
NCAV per share of PANSAR
Conclusions
Price: 0.435
NCAV: 0.54
Price-to-NCAV ratio: 0.81
By investing below its liquidation value, you pay RM0.81 (price) for RM1 (value). That is 19% safety margin in the most conservative manner.
Disclaimers
This article does not recommend 'buy' or 'sell' this particular stock.
At the time of writing, I owned some PANSAR shares.
http://klse.i3investor.com
ColdEye is one of its thirty largest shareholders, holding some 900,000 shares.
Flashback
To date, PANSAR’s cumulative profit was down 16% against its corresponding Quarter 3 of FY14. Consequently, its stock prices were punished and hit the rock bottom at 0.425.
PANSAR businesses
PANSAR is involved in the marketing and distribution of:
- construction and building materials
- marine and industrial engineering products
- wood-engineering equipment and supplies
- electrical and office automation products and supplies
- design, installation and service maintenance of commercial and
industrial air conditioning and ventilation systems and fire protection
systems
- mechanical, electrical, construction and engineering works and services as well as industrial and marine engineering works.
Catalysts
Quarter 4 earnings of FY15 is expected to exceed the correspondence in FY14.
PANSAR stock prices are still lingering around its 52-w low. According to Empiritrage’s backtesting, a dollar invested in the 52-w low was worth $79.69-more than twice that of the general market.
Why is it so? Because of adequate safety margin.
NCAV per share of PANSAR
Conclusions
Price: 0.435
NCAV: 0.54
Price-to-NCAV ratio: 0.81
By investing below its liquidation value, you pay RM0.81 (price) for RM1 (value). That is 19% safety margin in the most conservative manner.
Disclaimers
This article does not recommend 'buy' or 'sell' this particular stock.
At the time of writing, I owned some PANSAR shares.
http://klse.i3investor.com
