Kia Lim Berhad (KIALIM 6211) is an investment holding
company. The Company is engaged in the manufacturing of clay common bricks,
facing bricks, block bricks, M211 bricks, brick tiles, chamfered paving bricks,
H-shape pavers, EconBlocks, and roofing tiles, which are marketed under the
brand name of Clayon (Kia Lim Group). The Company's production capability is
approximately 180 million pieces of bricks per annum approximately 400,000 tons
of clay per year or 15 million pieces per month. The Company's subsidiaries are
Kangkar Raya Batu Bata Sdn. Bhd. and Syarikat Kia Lim Kilang Batu Bata Sdn.Bhd.
At present, approximately 75% of its total production output is for domestic
markets, mostly to Johor, Melaka, Kuala Lumpur and Selangor, while the balance
is for overseas markets.
Current Share Price: RM0.665
NTA: RM1.208
EPS (cent): 7.63*
P/E Ratio: 8.72
* Calculated
based on the net profit of the trailing twelve months and latest number of
shares issued.
This year KIALIM’s share prices move in a steady upward
pattern. KIALIM currently trade at RM0.665; it’s an undervalue stock, which it’s
share price still a huge discount compare to its NTA RM1.20; with the P/E ratio
8.72; wow, another undervalue gem explored.
KIALIM’s
properties had not been revalued to its recent valuation. All its properties are FREEHOLD land with last
valuation year in 2007. This catch my pretty attention in KIALIM. The NTA is
not only RM1.20; it should be higher once revalued.
Happy Trading
Asianbuffett
