Stock Name: Kian Ann
Company Name: KIAN ANN ENGINEERING LTD
SIAS Research in an Aug 31 research report says: "Kian Ann Engineering Ltd (KA) posted a record FY2011 results with revenue and profit after tax rising 8.7% and 29.3% y-o-y to $162.3 million and $17.6 million respectively - both figures exceeded our full year forecasts by 3%.
"The company also rewarded its shareholders with a full year dividend of 1.1 cents - a dividend yield of 5.5%. Going forward, we expect KA to generate growth from (1) new regions such as Africa and South America where its existing clients are venturing into, (2) cross selling products between the East and the West and (3) resource and infrastructure needs in developing nations like China.
"The company is current trading at a dividend yield of 5.5% and FY12F P/E of 5.5X, which we reckon is a bargain given its defensive nature. Intrinsic value of 29.5 cents. MAINTAIN INVEST."
Company Name: KIAN ANN ENGINEERING LTD
| Research House: SIAS | Price Call: BUY | Target Price: 0.295 |
SIAS Research in an Aug 31 research report says: "Kian Ann Engineering Ltd (KA) posted a record FY2011 results with revenue and profit after tax rising 8.7% and 29.3% y-o-y to $162.3 million and $17.6 million respectively - both figures exceeded our full year forecasts by 3%.
"The company also rewarded its shareholders with a full year dividend of 1.1 cents - a dividend yield of 5.5%. Going forward, we expect KA to generate growth from (1) new regions such as Africa and South America where its existing clients are venturing into, (2) cross selling products between the East and the West and (3) resource and infrastructure needs in developing nations like China.
"The company is current trading at a dividend yield of 5.5% and FY12F P/E of 5.5X, which we reckon is a bargain given its defensive nature. Intrinsic value of 29.5 cents. MAINTAIN INVEST."
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