Excel – Download the analysis file
Latest Financial Report – Q4 2016 Financial Report (18 Jul 2016)
FY16 Q4 Results Highlight:
- Q4FY16 versus Q4FY15
- Revenue grew 15.6% from RM398m to RM460m due to as the strong sales led by Chinese New Year festival in 3QFY16 was sustained by the event of UEFA Euro 2016 in 4QFY16.
- Profit before tax increased 21.5% from RM66m to RM80m.
- Net profit increased 38.3% from RM44m to RM61m.
- Earnings per share increased from 14.57 sen to 20.15 sen.
- 12MFY16 versus 12MFY15
- Revenue grew 5.7% from RM1.75b to RM1.85b.
- Profit before tax for the period increased 20.4% from RM292m to RM352m.
- Net profit increased 24% from RM214m to RM266m.
- Earnings per share increased from 70.90 sen to 87.94 sen.
- The improvement is mainly driven by higher sales and favourable product mix, while the enhancement efforts by the authorities to tackle contrabands have also helped.
- HEIM management (and I) remains confident that it will deliver commendable results for FY16 even if there are many uncertainties in the global economy.
- In my opinion, fair value of HEIM is from 18 to 19 (Uncertainty Risk: HIGH).
- I will continue to hold, but will not accumulate HEIM for the time being. Let it ride!
At the time of writing, I owned shares of HEIM.