Monday, September 10, 2012

MNRB Merits Attention

For fiscal year ended 31.3.2013, the 1Q result EPS is reported to be 23.7 sen per share. This figure when annualized, works out to be 94.8 sen per share. At the just traded price of 3.19, the forward PE is 3.19. This is indeed very cheap for a stock like MNRB. 

What's more enticing is that the company is paying a dividend of 17 sen less tax on Oct 26, 12. The x-date for this dividend is Oct 02,12. 

The NTA of the stock has improved to RM5.35 per share as at June 30, 2012. I have just bought in  some shares of this stock at 3.19. I believe the price will move up in the near future.