Frencken Group Ltd

[valuebuddies]

Q3 results is out:

http://infopub.sgx.com/FileOpen/Frencken...eID=477321

Revenue
Q1 2015: 112M
Q2 2015: 117M
Q3 2015: 107M
.
Q1 2016: 114M
.
Q1 2017: 134M
.
Q3 2017: 129M

GPM
Q1 2015: 13.2%
Q2 2015: 15.8%
Q3 2015: 15.9%
.
Q1 2016: 15.2%
.
Q1 2017: 17.2%
.
Q3 2017: 16.0%

NPAT
Q1 2015: 444K
Q2 2015: 4.25M
Q3 2015: 3.88M
.
Q1 2016: 3.05M
.
Q1 2017: 16.4M (including extraordinary gain on divestment 10.1M)
.
Q3 2017: 5.4M

Cash level at all time high but no special dividend, likely most part will be utilised to pair down the borrowings. At 1.19c EPS, annualised PER is about 12.5, PBR is 1.03, still small room for upside IMO. Management remains positive over the Q4 outlook, stay tune...