JASKITA (8648) is one of the listed companies owned by reclusive
tycoon Tan Sri Robert Tan Hua Choon. Robert Tan’s recently big deal by disposal
of his controlling stake 36% in GBH (3611) came just three months after he sold
off his substantial 19.1% stake in PDZ Holdings Bhd to Pelaburan Mara Bhd in
April and his controlling stake in Malaysia Aica Bhd (Maica) to property
developer Sunsuria Development Sdn Bhd in October last year. Is he
looking at cashing out of his other five listed firms namely, Jasa Kita Bhd,
FCW Holdings Bhd, GPA Holdings Bhd, Keladi Maju Bhd and Marco Holdings Bhd? Market
highly focuses on Robert Tan’s next target. What is the market prediction of
Tan’s next plan? Maybe JASKITA (8648)?
Let’s have a quick look of this counter.
Current Share Price: RM0.19
Performance Review
Total revenue for the financial year 2013 reported of RM62.7 million was 19% higher than that for the previous year while profit before tax increased to RM8.4 million from RM6.3 million for the year earlier. The said profit before tax included an insurance compensation sum of RM1.4 million received by a subsidiary company in respect of a fire mishap which occurred in 2011.
Comapny Profile
Jasa Kita Berhad (JASKITA 8648) is a Malaysia-based
investment holding company. Through its subsidiaries, the Company is engaged in
the manufacture, assembly and trading of electric motors, power tools,
engineering and other industrial equipments, and the provision of management
services and logistics-related services. The Company operates in three
segments: manufacturing and trading, which include manufacture, assembly and
trading of electric motors, power tools, engineering and other industrial
equipments; logistics-related services, and investment holding.
Jasa Kita Berhad was listed on Kuala Lumpur Stock Exchange
since March 1993. JKB Group was established since 1975 and is primarily engaged
in distribution of power tools, electric motors, hand tools, air tools and
other industrial supplies. Beside
distribution of industrial supplies, the Group also provides bonded/ non-bonded
warehouse services. Jasa Kita Warehousing Services Sdn Bhd was the 1st public
bonded warehouse in Malaysia which commenced operation in 1981.
Today, the Group is a well-known exclusive distributor of
the world renowned premium quality MAKITA and MAKTEC Power Tools in the local
market. Besides power tools, the Group is also a preferred supplier for BROOK
CROMPTON, TOSHIBA, EXCEL, FEIMA and other well-known brands of electric motors.
Other than electric tools, the Group has also mark its stand in the automotive
maintenance industry with its SATA hand tools and KUANI air tools.
Happy Trading
Asianbuffett
