Success registered a continuous strong growth result with revenue grown to RM 87 Mil this quarter plus an improved yoy EPS at RM 6.41 cents. This work out to be a PE of 6-7 time and trading below its NTAB. We continue to call for buy at min target above RM 2.00.
Layhong has announced improved revenue with strong return in profit. At 10 sen a share of EPS, it has improved its whole year profit to 14 cents. If another quarter improved further with stable profit. We see Layhong will break the critical RM 2.00 level in short time and readjusting to its valuation to a fair value above RM 2.50.
MNRB slight improved in revenue but has clocked in 34 cents EPS. Rumour on potential losses caused by MH370 either is not reflected in this quarter or it has not impacted at all due to hedging. In my point of view if there is no announcement from them means the impact is minimum. That works out to be 70 over cents EPS per year which the current trading price only at 5 times. We call for a strong buy till you drop and our target at RM 8.00 minimum.