tasco bhd (TASCO:Kuala Lumpur)
tasco bhd (TASCO) Snapshot
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Open
2.10
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Previous Close
2.07
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Day High
2.10
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Day Low
2.06
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52 Week High
05/13/13 - 2.40
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52 Week Low
10/12/12 - 1.94
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Market Cap
210.0M
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Average Volume 10 Days
124.4K
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EPS TTM
0.27
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Shares Outstanding
100.0M
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EX-Date
12/5/12
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P/E TM
7.9x
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Dividend
0.05
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Dividend Yield
8.69%
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Related News
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TASCO Berhad provides logistics solutions worldwide. The company offers airfreight forwarding services, including air importation and exportation, customs broking, hand carry delivery, and door-to-door delivery under the Yusen Global Logistics Air & Sea Service name. It also provides sea freight forwarding services comprising reserving space with steamship/liners and advertisement of regular shipping schedule; port to port ocean transportation arrangement; door-to-door services; consolidating shipments; shipping documents preparation and marine insurance arrangement; and advisory services. In addition, the company offers systems and solutions, including origin cargo order management, vendor compliance, track and trace of cargo, supply chain security assurance, KPI and discrepancy reporting, and project management for integrated supply chain management; and operates a fleet of approximately 165 trucks under the Harimau Express name offering bonded transportation, daily cross border delivery, scheduled collection and distribution, and over-night inter-state delivery services, as well as truck rental and insurance agency services. Further, it provides customs broking and coordinating services for the movement of sea cargoes from their point of origin to their intended destination; haulage transportation services; and warehousing services. Additionally, the company offers automotive logistics services, such as custom broking; bonded and non-bonded storage; parts distribution; transportation by car carrier; and pre-delivery inspection, washing, de-waxing, polishing, and general technical services. As of February 21, 2012, it also had a fleet of approximately 57 prime movers and 480 trailers. The company was formerly known as Trans-Asia Shipping Corporation Berhad and changed its name to TASCO Berhad in September 2009. TASCO Berhad was incorporated in 1974 and is headquartered in Shah Alam, Malaysia.
tasco bhd (TASCO) Key Developments
TASCO Berhad reported unaudited consolidated earnings results for first quarter ended March 31, 2013. For the period, the company reported revenue of MYR 93.033 million against MYR 117.895 million a year ago. Profit from operations was MYR 6.105 million against MYR 9.413 million a year ago. Profit before taxation was MYR 5.957 million against MYR 9.106 million a year ago. Profit attributable to owners of the company was MYR 4.413 million or 4.41 sen per basic share against MYR 6.763 million or 6.76 sen per basic share a year ago. Net cash used in operating activities was MYR 5.737 million against MYR 0.962 million a year ago. Purchase of property, plant and equipment was MYR 5.430 million against MYR 8.018 million a year ago. The poorer PBT and profit were mainly as a result of the lower revenue. The decrease in revenue was due to lower revenue recorded by both IBS and DBS, which recorded revenue decrease of MYR 6.2 million (16%) and MYR 5.2 million (8%) respectively.
The Board of Directors of TASCO Berhad announced that the company intends to seek shareholders' approval on proposed shareholders' mandate for recurrent related party transactions proposed Amendments to the Articles of Association of the company at the forthcoming thirty-eighth annual general meeting of the company.
TASCO Berhad announced audited consolidated financial results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported revenue of MYR 104.463 million against MYR 113.870 million a year ago. Profit before taxation was MYR 6.883 million against MYR 9.572 million a year ago. Profit attributable to the share holders was MYR 7.789 million against or 7.79 sen per basic share against MYR 13.963 million or 13.96 per basic share a year ago. For the year, the company reported revenue of MYR 442.448 million against MYR 469.211 million a year ago. Profit before taxation was MYR 35.315 million against MYR 37.364 million a year ago. Profit attributable to the share holders was MYR 28.889 million against or 28.89 sen per basic share against MYR 34.590 million or 34.59 per basic share a year ago. Net cash generated from operating activities was MYR 45.692 million against MYR 42.103 million a year ago. Purchase of property, plant and equipments was MYR 18.236 million against MYR 48.727 million a year ago. The reduction of profit for the year was mainly due to expiry of integrated logistic services investment tax incentive scheme enjoyed in 2011.
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| TASCO:MK | 2.10 MYR | +0.03 | |
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Industry Analysis
TASCO
Industry Average
| Valuation | TASCO | Industry Range |
| Price/Earnings | 7.4x |
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| Price/Sales | 0.5x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | 7.4x |
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| TEV/Sales | 0.3x |
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