TASCO (5140) - Stocks With Momentum: Tasco
Tasco Bhd (-ve)
DESPITE posting weaker quarterly results on February 11, shares for Tasco (Fundamental: 1.8/3, Valuation: 2.4/3) have since gained 16.2%.
For 3QFYMarch2015, pre-tax profit fell 9.3% y-o-y to RM9.7 million on the back of a 4.3% decline in sales to RM122.6 million. Nevertheless, for 9MFY2015, pre-tax profit rose 22.7% to RM33.9 million while sales increased 8.4% to RM380.1 million.
Established since 1974, Tasco has grown into a total logistics solutions provider, covering air, sea and land transportations. The company derives about 50% of its revenue from contract logistics division, providing services such as warehousing and haulage transportation.
Tasco has fairly good fundamentals with steady margins. Book value per share grew from RM2.14 at end-2010 to RM2.97 at end-2014. Dividends totalled 9 sen per share in FY2014, giving a net yield of 2.6%.
The stock is fairly illiquid with total shares issued of 100 million, of which 64.97% are held by its major shareholder Nippon Yusen Kabushiki Kaisha.
This article first appeared in The Edge Financial Daily, on March 25, 2015.
http://www.theedgemarkets.com/my
TASCO 泛亚物流 5140 TASCO BERHAD
March 25, 2015 : 11:08 AM MYT
Tasco Bhd (-ve)
DESPITE posting weaker quarterly results on February 11, shares for Tasco (Fundamental: 1.8/3, Valuation: 2.4/3) have since gained 16.2%.
For 3QFYMarch2015, pre-tax profit fell 9.3% y-o-y to RM9.7 million on the back of a 4.3% decline in sales to RM122.6 million. Nevertheless, for 9MFY2015, pre-tax profit rose 22.7% to RM33.9 million while sales increased 8.4% to RM380.1 million.
Established since 1974, Tasco has grown into a total logistics solutions provider, covering air, sea and land transportations. The company derives about 50% of its revenue from contract logistics division, providing services such as warehousing and haulage transportation.
Tasco has fairly good fundamentals with steady margins. Book value per share grew from RM2.14 at end-2010 to RM2.97 at end-2014. Dividends totalled 9 sen per share in FY2014, giving a net yield of 2.6%.
The stock is fairly illiquid with total shares issued of 100 million, of which 64.97% are held by its major shareholder Nippon Yusen Kabushiki Kaisha.
This article first appeared in The Edge Financial Daily, on March 25, 2015.
http://www.theedgemarkets.com/my
