Journal = KKB

= Journal =

KKB - today close: RM 1.55. PE = 16.56x

Net Profit:
up 47.5% to RM 11.3mil, 4.41 sen. (1QFY12: 2.99 sen)
EPS (ttm): 9.36sen

Operating Cash: flat at RM 21.5mil,
Total cash: reduce to RM 3.4mil
- due to this
=> Net (purchase of)/proceeds from investment securities (21,998,318)
Comment: Oddly, they did not explain in notes about this. This is huge considering their cash reduce from RM 15.4mil to RM 3.4mil.

Borrowings: negligible at RM 3.2mil.

Prospects:
The Group expects growth to be sustained for the financial year ending 2013 on the back of its remaining jobs in hand and new opportunities available in the Sarawak Corridor of Renewable Energy (SCORE) and more projects roll out under the on-going implementation of infrastructure project under the Government’s Economic Transformation Program throughout East Malaysia.
While there is still instability in the euro zone and volatility of global raw material steel prices continue to pose as a challenge to the Group’s profitability, the Board remains cautiously optimistic of achieving a favorable set of results in 2013, barring any unforeseen circumstances.

My Comment:
I think earning jump has been priced in. Thus, upside potential is limited.

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