Thai Stocks: Metro Systems Corporation Jumps 26%
Thai Stocks: Metro Systems Corporation Jumps 26%
After posting a strong Q3 in early November today Metro Systems Corporation seen a huge spike in volume and a price jump of 26%. The move has brought the PE of the company in line with the SET but the next few days trading will say more about what is happening. Trading today in the company was over 100m Baht, so there must be some strong motivation behind the buyers, I am yet to find anything in any news source to justify the move.
Metro Systems Corporation Public Company Limited (MSC) was founded on January 6, 1986 as the first business partner of IBM in Southeast Asia. Since then, MSC expanded its business to offer fully integrated IT solutions & services, covering a wide range of the world’s leading IT products namely IBM, HP, Lenovo, Dell, Acer, Epson, Microsoft, Solidworks and many more.
As a proven record of the company’s continuing success, MSC has reached another major milestone such as becoming a public company, opening the new headquarters-Metro Campus.
The company has taken a step forward and invested soundly in other projects to enhance business performance. Accordingly, several demonstration centers had been opened under the ‘proof of concept’ to try out new technologies and solutions in order to make accuracy and honest recommendation to their customers.
Metro Systems Corporation Public Company Limited has conducted its business as a product dealer and complete IT service provider with the registered capital of 360 million baht. The business structure has been divided into 3 product groups: hardware, solutions software, and office supplies. It also includes 8 businesses in subsidiaries and affiliates to cover commercial as well as industry sectors.
With an investment of over 500 million baht, MSC’s headquarters covers an area of 18 rais. Construction commenced in September 1994 and was completed in 1996. It is located at 400 Chalermprakiat Rama IX Road, Nong Bon, Prawet, Bangkok 10250.
The whole campus was expertly designed to have a modern image, a network link by state-of-the-art technology and a home like working environment.
The campus are low-size buildings equipped with advanced and fully integrated information technology. Each building in Metro Campus is interconnected over fiber optic backbone cables. UTP CAT5 cables were installed in each building, which support up to 100 Mbps speed. Increase in bandwidth of accesses to System iSeries, System pSeries and server via 1 Gbps Ethernet Switching. Ethernet Switching System is fully compatible with a wide range of other computer systems and also transmits information in several forms, including
messages, sounds and pictures.
The campus also applies the multi-platform computerized system to enhance the efficiency in its accounting, marketing, and stock system, as well as a custom base. Through the Tivoli Management Region (TMR), the operation of each computer in the company can be monitored and checked for any malfunctions within the campus.
Valuation Ratios (THB)
Anul |
LFI |
LTM |
LFY |
|
Curr Price/Rev/Shr: |
0.29 |
0.33 |
0.34 |
|
Curr P/E Excl Extra, LTM: |
18.42 |
|||
P/E Excl. Extra Items: |
20.05 |
|||
Curr P/E Normalized, LFY: |
20.05 |
|||
Curr Price/CF/Shr: |
3.93 |
11.72 |
11.96 |
|
Curr Price/Tang Bk, Tot Eqty: |
1.66 |
1.78 |
||
Curr EV/Tot Revenue (LFI/LTM): |
0.36 |
|||
Curr EV/EBITDA (LFI/LTM): |
9.22 |
|||
Curr EV/EBIT (LFI/LTM): |
7.71 |
|||
Curr Mkt Cap (m): |
2,088.00 |
|||
(+) Tot Debt Cap, LFI (m): |
289.55 |
|||
(-) Cash & Equiv, LFI (m): |
102.70 |
|||
(=) Curr EV, LFI (m): |
2,274.85 |
|||
Curr EV/Tot Revenue (LFY): |
0.36 |
|||
Curr EV/EBITDA (LFY): |
7.74 |
|||
Curr EV/EBIT (LFY): |
6.68 |
|||
Curr Mkt Cap (m): |
2,088.00 |
|||
(+) Tot Debt Cap, LFY (m): |
240.16 |
|||
(-) Cash & Equiv, LFY (m): |
124.02 |
|||
(=) Curr EV, LFY (m): |
2,204.14 |
|||
More News
- The Stock Exchange of Thailand Preview
May 20, 2013 - PT Bank BJB Tbk Undervalued
May 1, 2013 - Shayne Heffernan: How to Develop an Inflation Hedge 2013
April 28, 2013 - What is the ASEAN Economic Community?
- ASEAN Stock Exchange Preview
April 26, 2013
Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
Member
Chinese Society of Economists
American Economic Society
Investor Services
Best Hedge Funds 2013
Working with some of the World’s largest financial institutions HCM’s goal is to provide portfolio returns that exceed the S&P 500 Index benchmark while …
UAE Economy Seeing a Spring Boom
HBC
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
Dubai Islamic Bank DISB Trade Alert
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: …
The Hot List
Enviro-Serv Inc (OTCMKTS:EVSV), Medical Marijuana Inc (OTCMKTS:MJNA)
Enviro-Serv Inc (OTCMKTS:EVSV)
EVSV had a stellar dy yesterday, ut it looks like it is just the begining of big things, good …

























