Thursday, November 27, 2014

About Privasia

It is an IT player specializing in consultancy, system integration services, IT outsourcing, E bidding and E procurement for the port and logistics industry. The company also provides wireless and satellite based communication solutions business.

Over the last five years, it has seen its revenue double from rm27.2 million to rm58.5 million while net profit rose from rm1 million to rm5.4 million. In 2013, revenue dropped by 3.6% to rm58.5 million but net profit but net profit increased by 8.5% to rm5.4 million. For 1HFy2014, revenue declined 6.6% to rm27.5 million while net profit fell 28.9% to rm2.3 million due to slower billings and higher operating costs.

It has a total order book of rm131 million in mid 2014 which is higher than the combined revenue for 2012 and 2013.

It is modestly geared. Its gearing ratio started to improve since 2011 to 9.8% in 2013. Borrowings were reduced to rm15.7 million in 2013 from rm24.1 million a year ago.

It is currently trading at 1.3 times book value, with a trailing 12 month PER of 20.8 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.