♦ 1H10 earnings above our estimates but within consensus forecasts. 6MFY10 core net profit of RM54.9m (ex one time price adjustment of RM7.6m) achieved 63.8% of our full year estimate of RM86m and 54.4% of street’s full year estimate on the back of stronger growth in the vehicle sales since the beginning of 2010. An interim dividend per share of 8 sen (less tax of 25%) was declared in the quarter, above the 6 sen (less tax of 25%) interim dividend per share declared in FY09.
APM Automotive Holdings Berhad : Strong Earnings Driven Mainly by Higher Margins - 19/08/2010
Showing posts with label APM Automotive Holding. Show all posts
Showing posts with label APM Automotive Holding. Show all posts
Thursday, August 19, 2010
Thursday, July 29, 2010
APM Automotive Holdings Berhad : Riding On Motor Sector’s Growth Cycle - 29/7/2010
Leading automotive parts manufacturer. APM is one of the leading utomotive parts manufacturers among over 650 players in Malaysia ith an estimated market share of 12.6% based on revenue. Apart from alaysia, the company has operations in Indonesia, Vietnam and Australia. APM is the autoparts arm of Tan Chong with Tan Chong holding a 41.5% stake. APM recently expanded its overseas distribution network with the set up of a new company – APM Auto Components in the US, which is expected to contribute to revenue growth in the long term. The company operates in three major divisions: 1) Suspension; 2) Electrical & Heat Exchange; and 3) Interior & Plastics.
APM Automotive Holdings Berhad : Riding On Motor Sector’s Growth Cycle - 29/7/2010
APM Automotive Holdings Berhad : Riding On Motor Sector’s Growth Cycle - 29/7/2010
Corporate Highlights - 29/07/2010
♦ Hai-O Enterprise
Visit Note : FY04/11 Membership To Contract - Underperform
♦ APM Automotive Holdings
New Coverage : Riding On Motor Sector’s Growth Cycle
Corporate Highlights - 29/07/2010
Visit Note : FY04/11 Membership To Contract - Underperform
♦ APM Automotive Holdings
New Coverage : Riding On Motor Sector’s Growth Cycle
Corporate Highlights - 29/07/2010
RHB Equity 360° - 29 July 2010 (Hai-O, APM, PLUS, WCT, Daibochi; Technical: E&O)
Top Story : Hai-O – FY04/11 membership to contract Underperform (down from MP)
Visit Note
- We believe that due to the revised Direct Selling Act (DSA), Hai-O’s membership drive as well as its retention of existing members will be affected.
RHB Equity 360° - 29 July 2010 (Hai-O, APM, PLUS, WCT, Daibochi; Technical: E&O)
Visit Note
- We believe that due to the revised Direct Selling Act (DSA), Hai-O’s membership drive as well as its retention of existing members will be affected.
RHB Equity 360° - 29 July 2010 (Hai-O, APM, PLUS, WCT, Daibochi; Technical: E&O)