THE TECHNOLOGY BEHIND THE WINNING POWER Multi-Code is synonymous with the highest standards of quality through utilizing state-of-the-art technology and extremely stringent quality control to ensure product excellence for its customers. The high quality of Multi-Code’s products meet the exacting standards demanded by the local and international markets.
Multi-Code’s relentless passion for quality has won acknowledgement and recognition when the company was awarded the ISO 9001-2000 and ISO/TS 16949:2002 accreditation for its Quality Management System from TUV Rheinland. Read more.
Multico reported 2Q13 earnings of 7.54 sen per share and revenue of 27.146 million. This compares well with the preceding year's corresponding period of EPS of 4.90 sen and revenue of 25.282 million. From this, we can easily note that its profit margin has improved. This is a good sign.
Another good sign is that its MD, Lim Ming Kee has on Feb 5, 2013 bought 64,500 shares for RM89,010.
In its latest filing with Bursa, the company said that it had won a contract of 74.1 million from PROTON for the supply of functional switches and anti-theft systems. This will enhance its future earnings.
The stock was last traded at 1.60 which is the previous high level. I believe this level will be crossed soon.
The company has declared a single-tier interim dividend of 3 sen which is the same as that for last year. Its NTA now stands at RM1.6267.
In respect of its lawsuit to recover some RM43 million from some of its former directors, the matter is still waiting for news from the court.
All in all, at RM1.60 per share, this stock is a good buy.
As usual, you buy at your own risk.