chart1.15DMX (15.9 cents) has a market cap of S$186 million and a dividend yield of 1.88%. Chart: BloombergDMX TECHNOLOGIES' recent traded price of 15.9 cents was at a sharp 66% discount to its net asset value of 46.4 cents a share as at end-Sept 2014.

The company's business performance appeared to have turned up, based on the 3Q2014 profit increase of 5.2% to US$7.6 million.

Some highlights of its 9M2014 results:

» A major business segment (digital media) has grown while another segment (infocomm technologies, or ICT) declined.

Digital media (US$126.9 million) overtook ICT (US$118.8 million) in 9M2014 sales.

350_3jismyl_teoJismyl Teo, CEO of DMX Technologies.
NextInsight file photo.
In the digital media segment, DMX has focused on network convergence as well as increased collaboration with cable TV operators in China on their analog-to-digital TV migration.

(For more on DMX business, visit its website)

» Gross margin is decent but has moderated to 21.6% for 9M2014 from 23.5% a year earlier.

» Total operating expense fell 20.1% y-o-y to US$30.5 million. The Group has streamlined its headcount and resources over the last three quarters.

» In its 3Q2014 results announcement, DMX said it was confident of achieving the same level of profitability as FY2013 when it reported US$22.8 million in net profit attributable to shareholders.

This implies a strong profit in 4Q2014 to top up the US$9.2 million (-27.7% y-o-y) achieved in 9M2014.

That would be a repeat of 4Q2013 when it achieved US$10.1 million in net profit attributable to shareholders. 

Indeed, a strong 4Q has been experienced in the last few years due to increased demand from clients who typically ramped up orders towards year-end.

If DMX's 2014 profit was at the same level as 2013, the PE of the stock would be about 6.2X.

And if it maintains the 0.3 cent a share final dividend it has paid out in the each of the past three financial years, the yield would be 1.88%.

DMX is expected to report its full-year results in late February.


Recent story: SINO GRANDNESS -- $1.02 target, DMX -- 23 cents fair value

You may also be interested in:


You have no rights to post comments

Counter NameLastChange
AEM Holdings2.430-0.050
Best World2.4900.020
Boustead Singapore0.945-0.010
Broadway Ind0.134-0.005
China Aviation Oil (S)0.925-0.025
China Sunsine0.405-0.005
ComfortDelGro1.470-0.010
Delfi Limited0.915-0.010
Food Empire1.330-0.030
Fortress Minerals0.320-
Geo Energy Res0.315-0.010
Hong Leong Finance2.490-
Hongkong Land (USD)2.950-0.040
InnoTek0.520-0.015
ISDN Holdings0.300-0.010
ISOTeam0.040-0.001
IX Biopharma0.046-0.006
KSH Holdings0.250-
Leader Env0.049-
Ley Choon0.044-
Marco Polo Marine0.068-0.001
Mermaid Maritime0.145-0.002
Nordic Group0.315-0.050
Oxley Holdings0.089-0.001
REX International0.145-0.001
Riverstone0.8050.045
Southern Alliance Mining0.485-
Straco Corp.0.495-
Sunpower Group0.215-0.005
The Trendlines0.0740.004
Totm Technologies0.024-0.001
Uni-Asia Group0.8300.010
Wilmar Intl3.490-0.050
Yangzijiang Shipbldg1.7800.010
 

We have 719 guests and no members online

rss_2 NextInsight - Latest News