29. APOLLO @ 2015-12-30

APOLLO V4

APOLLO业绩，终于出了！

12.05的EPS，不错不错。

营业额比上一季增加了7%

看看外汇赚幅，RM3.62mil, 

哇，外汇赚幅超过了营业额的7% （上一季只是营业额的5%）。
财富列者可以大概的推敲一个合理的解释：
８月的汇率从USD/MYR 3.8310 到10月尾的USD/MYR 4.3003，升值了差不多12%. Apollo有一半的海外营业额，从５%到７%算合理吧。
净现金也慢慢的累计，每股RM1.46, 差不多是股价的四分之一。
但是我们可以看到，如果把外汇赚幅移除，APOLLO的赚幅与盈利是比上一季少得多的，该是营运效率的问题吧。而我们身为一个散户投资者，我们不会有能力去探讨这笔账是如何算来的。
到底APOLLO 估值如何？
EPS = (12.05+13.98)/2*4=52.06
今天的收市价是RM5.71,潜在PE是10.96.　(其他上市业者OFI PE 18.64, LONBISC PE 10.79, HUPSENG PE 20)
财富猎者相信APOLLO将会追随其他业者的市盈率，继续为股东创造价值。

Today marks the day of Apollo releasing its precious second quarter’s result.
The result is absolutely awesome by achieving EPS of 12.05. The achievement is mainly contributed by the strengthening of USD/MYR, where about half of Apollo’s operation is export-oriented. The transactions abroad are dominated in USD. FYI, USD has strengthened against MYR about 12% throughout the reporting period (August 2015 to October 2015).
To take note, by excluding the Forex Gain for the newly released quarterly results, the net performance is not that decent but we have no way to get the answer on this as a retail investor. We believe cost efficiency and automation are always management’s effort and main priority, other than focusing to sell more locally or globally.
Another grateful thing to highlight is the accumulation of net cash in the Company, which stands at RM1.45 now.
We foresee that APOLLO will most likely follow other peers in terms of PE, and thus for all the shareholders, CHEERS!
财富猎者/ Wealth Hunter

APOLLO V3

想必有跟踪或买进的朋友已经拿了25分的利息，然后，股价又来到的5.40.

现在应该拥有了8-10%的成本优势。还有5%的DY值。

我们还是继续跟踪这只优质股。基本上现在在等业绩报告。

技术形式上，调整了3天，卖压不明显，有望为业绩前的偷步拉升。