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13-04-2011, 10:53 AM
The just released FY10 (ended 31Dec10) AR makes interesting reading.....
http://info.sgx.com/listprosp.nsf/6c6be9...0000bcef3/$FILE/LHT%20AR2010_LOWRES_a1.pdf
FY10 revenue from the core (1) pallet/packaging products increased 71.6% yoy to a new record of $27.66m, and (2) pallet rental increased 20.7% yoy to $3.28m. And OP from these 2 core segments are up too. It appears LHT is gaining market share quite quickly. Just on this score alone, there is a good reason that Mr Market ought to look at re-rating this grossly under-priced counter.
I now look forward to the coming $0.003/share FY10 Final dividend (vs. $0.0025/share for FY09), which is payable on 25May11, with 'XD' date on 9May11.
http://info.sgx.com/listprosp.nsf/6c6be9...0000bcef3/$FILE/LHT%20AR2010_LOWRES_a1.pdf
FY10 revenue from the core (1) pallet/packaging products increased 71.6% yoy to a new record of $27.66m, and (2) pallet rental increased 20.7% yoy to $3.28m. And OP from these 2 core segments are up too. It appears LHT is gaining market share quite quickly. Just on this score alone, there is a good reason that Mr Market ought to look at re-rating this grossly under-priced counter.
I now look forward to the coming $0.003/share FY10 Final dividend (vs. $0.0025/share for FY09), which is payable on 25May11, with 'XD' date on 9May11.