IPMUDA (5673) - New High on the Making

IPMUDA Berhad (Co. No. 22146-T)
was incorporated on 19th April 1975. It started as the trading arm of a well known Ipoh based developer. Subsequently, it was listed on the Main Board of the Kuala Lumpur Stock Exchange on 22^nd December 1993.
Another illustrious milestone in IPMUDA’s history was when IPMUDA became part of the MAJU Group of Companies in 1997. This elevated IPMUDA’s role in the construction industry to a whole new level. IPMUDA supplies a host of building materials to the many innovative, high-speed construction projects undertaken by the MAJU Group of Companies.
The IPMUDA Group of companies have been supporting the Building & Construction Industry in Malaysia for more than 30 years and today IPMUDA has grown into one of the largest and most established building material trading houses in Malaysia.

Based on the table above, the company earning stand between 2.17sen to 9.29sen from FY2010 till FY2013.

In the latest 4 quarter in 2014, the company has a better earning of total 19.20sen which has a very good earning compare to past 4 years.

In year 2010 to 2013, the company pay out dividend of 3sen per shares, and in year 2009 dividend pay out is 5sen with EPS 20.7sen.

With the latest 4 quarter earning, the company might proposed slightly higher dividend compare to past 4 years which is 3sen dividend and will be announce around May in the past record.

After a big swing down from last year high of Rm1.60, the share price has go up in the stairs case level and found latest support near around Rm1.21. The share price might come more buying power if can stand above Rm1.29 at closing after it touch Rm1.32 today.


With a better performance in the past few quarter result and near strong support level, I believe more to go in short term if can close above Rm1.29 today.


Target Price: Rm1.55

Happy Trading!

Regards,
nick loke