Weida - boost from net disposal gain.

Weida - it's got a market cap of approximately RM 188M.
It has been paying a boring annual dividend of approximately 4 cents
Currently trade at about 6xPE.

Just received the shareholder circular on the proposed disposal of its stake in its palm oil subsidiary for approximately RM 151M recording a net gain on disposal of about RM 121.15 million (over its RM188 market cap).

It's got 133.33 shares outstanding - the net gain per share will be approximately 91 cents.

Looking at its proforma balance sheet as at 31 March 2012, the NA per share will increase from RM1.6 to RM 2.56

Their EPS have been growing at an annual rate of approximately 12.5% from 8 cents in 2009 to approximately 19 cents in 2012.

Well worth a look at. 

They've also recently announced a JV for a property development venture.