Nam Lee Pressed Metal

(26-11-2019, 11:44 AM)lkw175 Wrote:

(20-11-2019, 12:03 PM)BlueKelah Wrote: Anyone still vested heavily in this stock? Thinking of picking up some this month. Seems like they are on track for anothet profita le year

the coy managed to report profit for the past 10 years, dividend for the past 10 years too. Quite good div yield too.
FY19 should be another profitable year but maybe lower than FY18 

3Q EPS is now 3.19 which is only slightly lower than last year. I would think FY 2019 profits should be similar. IMHO they are doing very well given the trade war situation which affect global trade and indirectly their container related business.

This stock basically has no excitement and also low liquidity year in and out.
More for dividend yield play. Unlikely to see much catalyst unless majority shareholder wishes to take it private.

(20-11-2019, 12:03 PM)BlueKelah Wrote: Anyone still vested heavily in this stock? Thinking of picking up some this month. Seems like they are on track for anothet profita le year

Hi BlueKelah, would love to hear your thoughts on their FY results. How do you view the cut in dividends for the full year from 2.5 to 2 cents?

(29-11-2019, 08:56 AM)chew Wrote:

(20-11-2019, 12:03 PM)BlueKelah Wrote: Anyone still vested heavily in this stock? Thinking of picking up some this month. Seems like they are on track for anothet profita le year

Hi BlueKelah, would love to hear your thoughts on their FY results. How do you view the cut in dividends for the full year from 2.5 to 2 cents?

Nothing to be excited about i guess. Drop in revenue largely.in line with challenging global trade conditions and not too bad. Locally also conditions not that great. 

Since they made 4c eps , 2c is quite reasonable. At current prices still 5%+ yield which is not too bad.

If tradr war continues next year eps might drop further but no worries holding this solid small cap. Eps will improve when global trade recovers.

(29-11-2019, 01:45 PM)BlueKelah Wrote:

(29-11-2019, 08:56 AM)chew Wrote:

(20-11-2019, 12:03 PM)BlueKelah Wrote: Anyone still vested heavily in this stock? Thinking of picking up some this month. Seems like they are on track for anothet profita le year

Hi BlueKelah, would love to hear your thoughts on their FY results. How do you view the cut in dividends for the full year from 2.5 to 2 cents?

Nothing to be excited about i guess. Drop in revenue largely.in line with challenging global trade conditions and not too bad. Locally also conditions not that great. 

Since they made 4c eps , 2c is quite reasonable. At current prices still 5%+ yield which is not too bad.

If tradr war continues next year eps might drop further but no worries holding this solid small cap. Eps will improve when global trade recovers.

Thanks BlueKelah

5% yield is still a decent yield.

I read that it's majority owned by 3 brothers in their 70s and 80s? Is this a business that could be viewed as an acquisition?

(27-11-2019, 12:21 AM)BlueKelah Wrote:

(26-11-2019, 11:44 AM)lkw175 Wrote:

(20-11-2019, 12:03 PM)BlueKelah Wrote: Anyone still vested heavily in this stock? Thinking of picking up some this month. Seems like they are on track for anothet profita le year

the coy managed to report profit for the past 10 years, dividend for the past 10 years too. Quite good div yield too.
FY19 should be another profitable year but maybe lower than FY18 

3Q EPS is now 3.19 which is only slightly lower than last year. I would think FY 2019 profits should be similar. IMHO they are doing very well given the trade war situation which affect global trade and indirectly their container related business.

The coy continued to report profit and pay dividend for consecutive 11 years, although slight disappointed and surprised that PAT is below FY18 (near FY16).

But do take note their comments in this FY19 report
"Our aluminium industrial product business is expected to continue to be affected by the uncertainties of the global economy. Looking ahead, our building product business is expected to face some challenges in the medium term against the backdrop of slower economic growth and continued global uncertainty. 
Barring unforeseen circumstances, the Group expects to remain profitable in the next 12 months."

-watching, not vested-

(29-11-2019, 02:42 PM)chew Wrote:

(29-11-2019, 01:45 PM)BlueKelah Wrote:

(29-11-2019, 08:56 AM)chew Wrote:

(20-11-2019, 12:03 PM)BlueKelah Wrote: Anyone still vested heavily in this stock? Thinking of picking up some this month. Seems like they are on track for anothet profita le year

Hi BlueKelah, would love to hear your thoughts on their FY results. How do you view the cut in dividends for the full year from 2.5 to 2 cents?

Nothing to be excited about i guess. Drop in revenue largely.in line with challenging global trade conditions and not too bad. Locally also conditions not that great. 

Since they made 4c eps , 2c is quite reasonable. At current prices still 5%+ yield which is not too bad.

If tradr war continues next year eps might drop further but no worries holding this solid small cap. Eps will improve when global trade recovers.

Thanks BlueKelah

5% yield is still a decent yield.

I read that it's majority owned by 3 brothers in their 70s and 80s? Is this a business that could be viewed as an acquisition?

Hard to say but i wouldnt bet on that happening any time soon.

Nam Lee Pressed Metal FY2020 result as at 30 Sep 2020
Rev $118m (vs 143m)
GP  $ 18m (vs  24m)
NP  $  6m (vs  9m)
Div 1+0.5cts (vs 1+0.5cts)

Our aluminium industrial product business is improving with gradual resumption of full operation. However, the Group expects the business environment to remain challenging in the next 12 months mainly due to the uncertainties arising from the third wave of COVID-19 pandemic in Malaysia that may impact to our subsidiaries' operation located there.

Our building products business has resumed in gradual phases since July 2020 with comply of MOM regulations. The delays in projects inevitably increase operating costs. However, the Group has received wage support, government rebates and waiver of levies to defray some of these costs.

The Group will continue to face uncertainty for the next reporting period and the next 12 months as a result of the COVID-19 pandemic.
https://links.sgx.com/FileOpen/Nam%20Lee...eID=640693

extracted 26 Sep 2016 video:

Stay home and stay safe, everyone.

Encouraging 1H 2021, profit of 3.29c per share which is pretty respectable in the circumstances.

https://links.sgx.com/FileOpen/NLPMIL%20...eID=665792

No interim dividend, though

Positive trending for global container manufacturing biz... hit a high ... :O

https://splash247.com/maersk-exits-box-m...w6rNyZ8yWU

locally, Yeoman in the news for Namlee!
https://shentonwire.net/2021/09/25/yeoma...sed-metal/