Swing Media

Swing Media: 1HFY14 net profit improved 4% to HK$33.9m on the back of a 7% advancement in revenue to HK$518.4m, as the manufacturer of data storage products saw growth from all its segments. There was also a 80% decline from other income mainly from non-recurrent profits from forward contracts last year. The group expects to continue its stable growth in its core data storage business, while the green energy business is still in progress, with more petrol stations to be completed in the coming financial year. Swing Media trades at 1HFY14 annualized P/E of 4.8x and 0.3x P/B.