|Bid||0.200 x 0|
|Ask||0.205 x 0|
|Day's range||0.1990 - 0.2050|
|52-week range||0.1580 - 0.2100|
|Beta (3Y monthly)||0.91|
|PE ratio (TTM)||13.67|
|Forward dividend & yield||0.01 (5.85%)|
|1y target est||0.22|
Jadason Enterprises (Jadason) missed expectations with a loss of $0.4m. Although there was a recovery in gross profit margin to 22.4% driven by a better product mix in the PCB drilling segment, the 7% decline in revenue led to lower profitability. At the operating profit level, the distribution business incurred a loss of $0.5m while the PCB drilling business registered a profit of $0.3m. Excluding an exchange loss of $0.6m, adjusted net profit was $0.1m. In addition, the group remained in a net cash position. Jadason guided for a challenging 2H18 due to the trade tensions between the US and China which would affect the group’s end customers. Given the uncertain demand outlook, we lower our target price to $0.073 based on an unchanged one time price-to-book value. Maintain ADD. CIMB Research (16 Aug).
This article is intended for those of you who are at the beginning of your investing journey and want to begin learning the link between Fu Yu Corporation Limited (SGX:F13)’sRead More...