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Complete Logistics Service Bhd (+ve) 
COMPLETE (Fundamental: 2.1/3; Valuation: 1.8/3) — one of InsiderAsia’s top 10 picks for 2015 — gained 6 sen or 7.3% over the last three days to close at 88 sen, on the back of increasing volume. 

The Klang-based integrated logistics provider released its 3QFYMar15 results two weeks ago. Excluding a one-off gain of RM3.67 million in 1QFY14, net profit for 9MFY15 increased 8.8% to RM9.9 million while revenue rose 5.7% to RM98.0 million.

Complete is focused on expanding its land logistics segment. It is acquiring land in Klang for RM13.4 million to expand warehousing capacity. Meanwhile, the company expects to finalise the disposal of a subsidiary by next quarter, which will result in one-off gain of RM1.5 million.

The stock trades at a trailing P/E of 9.2 times and 0.94 times its book value. An interim dividend of 3 sen was paid in October 2014, translating into net yield of 3.5%.

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This article first appeared in The Edge Financial Daily, on March 5, 2015.

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