NTD 1.18% 43.0¢ ntaw holdings limited

Ann: Trading Update to 31 December 2020, page-17

  1. 4,153 Posts.
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    I am quite surprised that NTD share price is not increasing more pre-results.

    A lot of elements are going in the right direction for them :
    - sales in the auto part sector are doing well, looking at the recent update of ARB and Bapcor,
    - the significant increase of AUD should also be good for their margin (opposite situation last year had a strong negative impact on their gross margin),
    - rapid decrease of their debt (by 10 m between August and October).

    At the same time, the stock continues to look really cheap with a free cash flow yield of 15 %+.
 
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