LYSAGHT - today close: RM 2.35. PE = 6.2x
Net Profit:
up whopping 761.5% to RM 4.6mil, 11.05 sen (sales: double). (1QFY12: 1.38 sen)
EPS (ttm): 37.86sen
NTA: increase 11 sen to RM 2.59.
Operating Cash: turned positive to RM 7.2mil,
Total cash: increase to RM 39.8mil
Borrowings: negligible at RM 3.2mil.
Prospects:
The group's products continue to face stiff competition. The Group will take necessary action to face the challenges ahead as best as possible.
My Comment:
What is interesting here is their CASH. With cash of RM 39.8mil, this is almost half of its market cap right now (market cap.: RM 97.7mil @ 2.35). Then, with earning jump of 761% and low PPE (Full FY12 PPE: RM 5.2mil only), cash would certainly accumulate. Accumulating cash is good. :)
However, the comment on Prospect is rather cautious despite the result.
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