Goodpack

Goodpack: 3QFY14 net profit rose 20.2% to US$13.1m while revenue increased 14.2% to US$51.2m on the back of increased penetration in existing markets as a result of new customer conversion and increased demand from existing customers. While expenses remained broadly flat, there were increases in finance cost from additional borrowing and logistics and handling costs in tandem with increased revenue. There were no updates on the ongoing discussions that could result in a possible transaction, which management last confirmed in April. Market watchers speculate interested parties may include KKR, Blackstone, Carlyle, and China Int’l Marine Containers. Goodpack is trading at 19.8x annualized 9MFY14 P/E