The Group's principal activities are the manufacture and sale of ceramic floor, homogeneous and monoporosa tiles. Other activities include operation of chain store, handling and dealing in building materials, property letting and property and investment holding. Operations are carried out in Malaysia, China and Australia.Kim Hin profit doubles in 2Q09
KIM HIN INDUSTRY BHD posted an 112% jump in net profit to RM9.2 million from RM4.34 million for the second quarter (2Q) ended June 30, 2009 compared to the corresponding quarter last year. 
In a statement to Bursa Malaysia yesterday, the ceramic tile producer and distributor attributed the 51.5% increase in profit before tax to higher group revenue, unrealised foreign exchange gains and lower operational costs.
Kim Hin recorded a 1.5% improvement in revenue to RM63.3 million in 2Q from RM62.3 million a year earlier. Earnings per share rose 53% to 6.59 sen from 3.07 sen previously. No interim dividend was proposed.
Stocks such as Kim Hin almost always goes unnoticed. Seldom on investors radar and rarely causes a ripple in the market. But on the other hand, it is these low profilers that delivers the moolah ($$$) :D
Kim Hin is very undervalue. Net Cash and equivalent position
ReplyDelete(Bank Balance + FD + Unit Trust/Bond)/Paid up less treasury share => RM1.22
Debt Free. Profit Making. Div paying
Price now RM1.01.