FY21 net profit increased 145% yoy
? Nam Lee Pressed Metal Industries Limited’s (Nam Lee) FY21 net profit rose
145% yoy to S$15.7m, driven by demand for container refrigeration units.
? Barring unforeseen circumstances, management guides that Nam Lee should
remain profitable in FY22.
? Nam Lee trades at a historical FY9/21 P/BV of 0.53x and a dividend yield of
5.80. Nam Lee paid dividends in each of the last five years (FY17-21).