LTKM has a good quater

Company Profile
LTKM Berhad through its subsidiaries, is engaged in operation of a poultry farm for the production and sale of chicken eggs, chickens and organic fertilizers, and extraction and trading of sand.

Financial Result
LTKM registered a higher PBT of RM6.89m as compare to RM2.54m in preceding quarter.Revenue was marginally down, but net profit soar 188% q-o-q from RM1.99m to RM5.74m. This is due to lower costs of major raw material and government incentives.
y-o-y, we can see that current assets keep improving while total liabilities dropping.

Stock Valuation
Based on FY09 EPS of RM0.22, LTKM has a P/E of 5.5x.(26/11/09 closing RM1.22)Which is fairly attractive. FY10 outlook is good with a consensus EPS of RM0.33.TP RM1.80, based on 5.5x consensus EPS. With 8sen dividend discount(divided is fairly consistent for the past 5 years)