The Group was incorporated in Singapore on 2 August 2002 under the name of Action Asia Limited.
The Groupdesigns, manufactures and assembles mobile audio and video entertainment products.
Its products are broadly classified into mobile entertainment products and portable indoor/outdoor products. Incorporating thelatest innovations in Thin Film Transistor-Liquid Crystal Display (TFT-LCD) technology, its mobile products are installed mainly in automobiles and commercial vehicles. Its other portable products are targeted at homes, hospitals and outdoors.
Action Asia's products are marketed chiefly to automobile manufacturers / dealers, automobile accessories dealers andhypermarkets worldwide.
Action Asia's revenue has increased 50% to S$43.9million in 1HFY06. A turnaround from previous yr of losses S$4.9million to S$1.9 million profit.
Cash and cash equivalent stands at S$33.2million or $0.083 per share.
EPS stands at $0.004.
At current price of S$0.075, it represent a PE ratio of 8 times ( projected FY06 of EPS $0.009). With a div of $0.01, this rep a 13% yield. At current price, it seems attractive however, it is subjected to the new orders for TLF screens.
As such, i will call for a BUY with moderate RISK.
12mth target of $0.14 with a expected PE of 15 times.
The Groupdesigns, manufactures and assembles mobile audio and video entertainment products.
Its products are broadly classified into mobile entertainment products and portable indoor/outdoor products. Incorporating thelatest innovations in Thin Film Transistor-Liquid Crystal Display (TFT-LCD) technology, its mobile products are installed mainly in automobiles and commercial vehicles. Its other portable products are targeted at homes, hospitals and outdoors.
Action Asia's products are marketed chiefly to automobile manufacturers / dealers, automobile accessories dealers andhypermarkets worldwide.
Action Asia's revenue has increased 50% to S$43.9million in 1HFY06. A turnaround from previous yr of losses S$4.9million to S$1.9 million profit.
Cash and cash equivalent stands at S$33.2million or $0.083 per share.
EPS stands at $0.004.
At current price of S$0.075, it represent a PE ratio of 8 times ( projected FY06 of EPS $0.009). With a div of $0.01, this rep a 13% yield. At current price, it seems attractive however, it is subjected to the new orders for TLF screens.
As such, i will call for a BUY with moderate RISK.
12mth target of $0.14 with a expected PE of 15 times.
Comments
Current price is 17cts, recommend take profit n sell