皇冠体育寻求亚洲战略合作伙伴,皇冠代理招募中,皇冠平台开放会员注册、充值、提现、电脑版下载、APP下载。

首页社会正文

buy apple account:Revamped KPS raring to go

admin2021-04-0885

USDT线上交易

U交所(www.payusdt.vip)是使用TRC-20协议的Usdt官方交易所,开放USDT帐号注册、usdt小额交易、usdt线下现金交易、usdt实名不实名交易、usdt场外担保交易的平台。免费提供场外usdt承兑、低价usdt渠道、Usdt提币免手续费、Usdt交易免手续费。U交所开放usdt otc API接口、支付回调等接口。

choi Baccarat

sàn casino đổi thưởng tiền mặt uy tín SỐ 1 ,Bạn có thể nạp và rút tiền với; Ví điện tử ; đồng tiền ảo; usdt; an toàn tiện lợi và có độ bảo mật cao. Mọi thông tin chi tiết xin liên hệ URL:www.vng.app。

,BIMB Securities Research said: “We believe the new and transformed KPS will fulfil its value-creation plan to enhance businesses and thus realise a sustainable, long-term earnings growth.”

KUALA LUMPUR: Selangor state-controlled Kumpulan Perangsang Selangor Bhd (KPS), which is transforming into a manufacturing-based entity, is expected to double its return on equity in the next three years.

BIMB Securities Research said the group is looking to fulfil its value creation plan to enhance its businesses, translating to earnings growth.

Notably, KPS has also disposed of some low-return companies.

“The group is currently undergoing a business transformation that has resulted in significant change in the make-up of the company.

“We believe the new and transformed KPS will fulfil its value-creation plan to enhance businesses and thus realise a sustainable, long-term earnings growth, ” it said.

Given the group’s transformation, BIMB Securities Research expected its core earnings to grow at a compound annual growth rate (CAGR) of 23% from the 2020 to 2023 forecast bolstered by stronger contribution from its manufacturing segment which represents 83% of revenue.

“The manufacturing segment, especially plastic moulding, will ride on the demand wave for consumer electronic products globally in tandem with advancement in technology, ” it said.

KPS earnings before interest, taxes, depreciation and amortisation (ebitda) margin level is between 9% and 11%, above its peers.

BIMB Securites Research reckoned that the market has overlooked KPS due to its fragmented and low-return businesses.

It argued that the group deserved a re-rating on higher price-to-earnings (PE) valuation which would reflect its new business and earnings growth potential from the manufacturing segment.

The stock is trading at 11 times 12-month forward PE, below sector peers at 20 times PE.

“With earnings predicted to soar driven by manufacturing and higher-than-industry average ebitda margin, we believe KPS deserves a re-rating, juxtaposed with recent establishment of at least 30% dividend payout policy, ” it said.

The group has announced a dividend payout policy of a minimum 30% of its profit after taxation and minority interests.

As such, the research house is keeping a “buy” call on KPS with a target price of RM1.60, valuing the stock at 18 times price-to-earnings ratio of 18 times on 2021 earnings per share of 8.9 sen.

Besides that, BIMB Securities Research said the group is also a sustainability believer as it adheres to sustainability standards across its subsidiaries through the establishment of the sustainability framework by integrating the United Nations sustainability development goals.

“This includes the high usage of forest stewardship council certified kraft paper, increase in usage of biodegradable and environment friendly chemicals, adoption of energy efficiency and waste management, ” it explained.

网友评论