Financial Highlights<\/strong><\/p>\n A glance at the table shows that Bison has been growing its revenue and profits steadily throughout the past years. *Note: FY2013\u2019s profits have been bumped up due to the one-time gain on disposal of properties for RM6 million.<\/p>\n Its profit margin is also rather stable, propping up from 6+% in FY2014 to 7+% FY2016. Assuming we annualized the EPS, it will come in at 6.92 sens. With its last closing price at MYR1.72, its P\/E ratio stands at 24.8, not exactly cheap if you compare to the KLCI (Kuala Lumpur Composite Index) P\/E ratio of 16.3.<\/p>\n Despite that, there are several positive tailwinds for Bison that investors can rejoice for.<\/p>\n Future Plans<\/strong><\/p>\n In its IPO prospectus<\/a>, it states that Bison is going to expand its network of outlets and continue to boost its pdt\/svc offerings and also improve on its backend IT and logistics. It can be seen in Bison\u2019s acquisition of Otaru Fine Food Sdn Bhd – <\/em>a Halal certified manufacturer and dealer of bakery products.<\/p>\n The Otaru Acquisition augurs well for Bison in preparation for managing its own full- fledged food processing centre which it targets to construct and be ready and operational in the financial year 2018.<\/p>\n On top of that, Managing Director Dang Tai Luk also mentioned that the group would utilize RM50 million of the IPO proceeds to fund 115 new store openings by October 2017. Its store count last stands at 250 outlets at the launch of its IPO. This means we can potentially see the number of stores jump by 46% next year!<\/p>\n Dang\u2019s license application to franchise<\/em><\/strong> from the government may give some clue on how it is going to achieve the aggressive expansion of stores going forward. It appears that Bison is already following its plans and making inroads into South Malaysia through the purchase of a factory unit in Johor Bahru. You can read more here<\/a>.<\/p>\n Conclusion<\/strong><\/p>\n To sum up, Bison definitely seems like a recession-proof stock that can grow steadily over the long run. Any price corrections would be great opportunities for buy-and-hold investors.<\/p>\n Fancy an Ebook that teaches you the hallmarks of multi-bagger stocks and how to find them? Simply click here to receive your copy of a brand-new FREE<\/strong> Ebook<\/strong> titled – \u201c100 BAGGERS\u201d <\/em><\/strong>by Christopher W. Mayer<\/em> [thrive_2step id=’1969′]here<\/strong><\/em><\/span>[\/thrive_2step] today!<\/p>\n![](\"https:\/\/www.smallcapasia.com\/wp-content\/uploads\/2017\/02\/bison-financials.jpg\")
Sourced from Bison’s website<\/em><\/a><\/p>\n