Thursday, February 26, 2015

GKent ... 'Well Connected" !!

It is an engineering company involved in primarily, the water and construction industries. It is also a leading player in the supply of control instrumentation, telemetry, valves and fittings as well as industrial and domestic water meters. For FYJan 2014, construction accounted for 74% of sales, followed by manufacturing and trading (23%) and infra investment (3%).

It is well connected as evidenced by its project wins which include the rm317.6 million Package 3A of the Pahang Selangor inter state raw water transfer project (in a JV with Loh & Loh and Hazma), the rm102.7 million contract to supply pumping equipment instrumentation and valves for the Sungei Selangor Water Project, and the rm97.75 million contract form the MOH to design, build, complete, commission and maintain upgrading works for the Kuala Lipis Hospital in Pahang. It won a rm57 million contract design and build Phase II of the Kuala Lipis Hospital.

From FY2010 to FY2014 sales grew by a CAGR of 42% to rm507 million while pre tax profits rose by a CAGR of 18.3% to rm51.1 million.

It has a strong balance sheet. Net cash stood at rm114.1 million or rm0.38 per share. Over the last four years prior to 2015, its book value has grown by a CAGR of 13.7% to rm247.2 million. ROE was a solid 15.1% in FY2014.

It is now (23 Feb 2015) trading at a trailing 12 month OER of 9.9 times and price to book of 1.36 times.

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Please note that all data given are merely blogger's opinion. It is strongly recommended that you do your own analysis and research before investing.