Friday 24 February 2012

Turbo-Mech Berhad


Business: A regional distributor of rotating equipment for the oil, gas and petrochemical industry. It has subsidiaries in Singapore, Indonesia and the Philippines, and associate companies in Malaysia, Brunei and Thailand as well as a representative office in Vietnam

IPO date 30 April 2010
IPO offer price: 63 sen

Share issued: 108 millions
Par value: 50 sen
Current share price: 60 sen
PE ratio: 6.9 times (annualised cumulative EPS up to 3Q2011: 8.71 sen, 6.53 sen 1Q-3Q2011)
Dividend payout: 5 sen (2010)
Dividend yield: 8.3%
Cash per share: 37.6 sen (31 September 2011)
Net asset per share: 61 sen (31 September 2011)

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