09-04-2012, 08:29 PM
The just released FY11 (ended 31Dec11) AR makes interesting reading.....
http://info.sgx.com/listprosp.nsf/6c6be9...b0028bdb4/$FILE/Koyo%20AR11_FA.pdf
While this is a real 'kachang puteh' company, Koyo International has a well-established business which earned a diluted EPS of $0.0088 in FY11, and a rock-solid and highly liquid B/S as at 31Dec11, with NAV/share at $0.083 and Nett Cash/share at $0.072. The company has declared a $0.006/share Final dividend payable on 22May12, with 'XD' date on 8May12.
At today's closing share price of $0.074, is Koyo International still a value buy?
http://info.sgx.com/listprosp.nsf/6c6be9...b0028bdb4/$FILE/Koyo%20AR11_FA.pdf
While this is a real 'kachang puteh' company, Koyo International has a well-established business which earned a diluted EPS of $0.0088 in FY11, and a rock-solid and highly liquid B/S as at 31Dec11, with NAV/share at $0.083 and Nett Cash/share at $0.072. The company has declared a $0.006/share Final dividend payable on 22May12, with 'XD' date on 8May12.
At today's closing share price of $0.074, is Koyo International still a value buy?