Gold Gains Traction in Islamic Investing as Rally Spurs Interest
Run by a unit of Loomis AB, the Swedish cash- and bullion-handling company, together with local security firm E2S Group, the 20-ton facility in Nilai represents a push to tap into the nation's burgeoning Islamic bullion sector.
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A Side By Side comparison of Lim Seong Hai Capital Berhad's Earnings Growth And 14% ROE To begin with, Lim Seong Hai Capital Berhad seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 11%. This probably laid the ground for Lim Seong Hai Capital Berhad's significant 48% net income growth seen over the past five years. However, there could also be other causes behind this growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio. As a next step, we compared Lim Seong Hai Capital Berhad's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 20%. Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if Lim Seong Hai Capital Berhad is trading on a high P/E or a low P/E, relative to its industry. Is Lim Seong Hai Capital Berhad Making Efficient Use Of Its Profits? The three-year median payout ratio for Lim Seong Hai Capital Berhad is 29%, which is moderately low. The company is retaining the remaining 71%. So it seems that Lim Seong Hai Capital Berhad is reinvesting efficiently in a way that it sees impressive growth in its earnings (discussed above) and pays a dividend that's well covered. Additionally, Lim Seong Hai Capital Berhad has paid dividends over a period of four years which means that the company is pretty serious about sharing its profits with shareholders. Based on the latest analysts' estimates, we found that the company's future payout ratio over the next three years is expected to hold steady at 31%. Accordingly, forecasts suggest that Lim Seong Hai Capital Berhad's future ROE will be 14% which is again, similar to the current ROE. Summary On the whole, we feel that Lim Seong Hai Capital Berhad's performance has been quite good. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
