Friday 29 Mar 2024
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 Acoustech Bhd (-ve)

Acoustech (Fundamental: 2.25/3, Valuation: 0.3/3) manufactures audio speaker systems. Its roster of clients includes Sony, Kenwood and Panasonic. The company’s share price surged sharply, up to 12.9% since last Monday, closing at 70 sen yesterday.

Acoustech’s revenue has swung up and down, between RM152.1 million and RM316.8 million, over the last 5 years. Net profit peaked at RM11.3 million in 2011 and has been falling since, to RM10.7 million in 2012 and RM0.8 million in 2013. In 2014, it posted a net loss of RM2.1 million, including one-off loss on receivables and disposal of subsidiary, totaling RM4.7 million.

In its latest Q1FY2015, announced last Friday, Acoustech remained in the red with net loss of RM1.3 million.  On March 27, 2015, the company proposed to dispose of a lease interest and a semi-detached house located in Kedah, for RM15.55 million.

Acoustech has a net cash of 36 sen per share, about 51.4% of its current price.

acoustech-28apr15

This article first appeared in The Edge Financial Daily, on April 28, 2015.

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