| APB Resources Berhad and its Subsidiaries (APB Group) are involved in the fabrication of specialized design engineering equipment for petrochemical process industry, chemical industry, oil palm processing industry, paper mill industry and power generation industry, and the provision of non-destructive testing services. APB Resources Berhad is listed on the Main Market of the Bursa Malaysia Securities Berhad.  In the past few quarter, the company posted a very good performance profit and the earning is increasing in the past 3 quarter, and the recent earning up to 8.21 cent EPS, NTA of the company also raise to Rm1.71 per share.  From the balance sheet stated above, the company had 0 short term loans and is net cash position of Rm39.95mil which is around 35 cent per share.   In year 2014, HLIB cover APB resources before, which stated 90% revenue is from export! Recently the strengthening of USD, has benefited a lot export companies and the share price for those related company also up a lot, some even up more than 100% in the past few month ago. At 2014, HLIB had given a fair value for the company of Rm2.07 per shares, and recently the earning had increased, but the share price is still sleeping. 
Dividend record,
 In the past few years, the company dividend payout is 6.5cents per shares, which normally announce on March 3cents and June 3.5cents. Which around 5.5% yield based on current price of Rm1.18. Chart,  From the chart above, we can see that, huge volume was collected around Rm1.40 per share in November 2015 period and the share price started fall down slowly will small volume, and yesterday closing price was at Rm1.18 which is around 15% lower from the huge volume price. Summary, APB is one of the high export company, USD strengthen will continue benefited to the company. With the current div yield of 5.5% and the net cash of the company keep on increasing, i believe the company will shine soon. In the past 4 quarter, total earning of 16.58cents, which around PE 7.117, the share price is trading very cheap and very low risk to collect compare to huge volume which collected at Rm1.40 or higher. My Target Price : Rm1.66 (PE :10) (Potential upside 40%) HLIB Target Price : Rm2.07 ( on 2014) Thank you. Happy Trading ! Regards, Nick Loke |
