Nam Lee Pressed Metal - CGS-CIMB Research 2022-03-23: FY21 Net Profit Increased 145% Y-o-y

Nam Lee Pressed Metal - FY21 Net Profit Increased 145% Y-o-y

NAM LEE PRESSED METAL INDS LTD (SGX:G0I) | SGinvestors.ioNAM LEE PRESSED METAL INDS LTD (SGX:G0I)
  • Nam Lee Pressed Metal (SGX:G0I) was incorporated on 10 March 1975 and has been listed on the Mainboard of the Singapore Exchange Securities Trading Limited since October 1999. Its main business activities are
    1. the design, fabrication, supply and installation of steel and aluminium products such as gates, door frames, railings, laundry racks, letter boxes, sliding windows and doors, curtain wall and cladding systems for buildings and infrastructure projects, and
    2. the supply of aluminium industrial products for container refrigeration units.
  • Nam Lee Pressed Metal’s FY21 net profit rose 145% y-o-y to S$15.7m, driven by demand for container refrigeration units.
  • Barring unforeseen circumstances, management guides that Nam Lee Pressed Metal should remain profitable in FY22 (Oct 2021 to Sep 2022).
  • Nam Lee's share price trades at a historical FY21 (Oct 2020 to Sep 2021) P/BV of 0.53x and a dividend yield of 5.80. Nam Lee Pressed Metal paid dividends in each of the last 5 years (FY17-21).



Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.



William TNG CFA CGS-CIMB Research | https://www.cgs-cimb.com 2022-03-23
SGX Stock Analyst Report NOT RATED MAINTAIN NOT RATED 99998.000 SAME 99998.000




Relevant links:
Nam Lee Metal Analyst Report,
Nam Lee Metal Target Price,

Nam Lee Metal Share Price History,
Nam Lee Metal Announcements,
Nam Lee Metal Dividends/ Corp Actions,
Nam Lee Metal News Articles





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