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Falling Knife of the Week: Epicentre Holdings Limited

epicenter logoRetailer of Apple and Apple-related gadgets, Epicentre Holdings Limited (Catalist: 5MQ), fell 11.8% to close at S$0.15 on Thursday.

The firm was established in 2002 as the first Apple Premium Reseller in the region. Currently, it operates 9 EpiCentre and 3 EpiLife stores in our shores and 6 EpiCentre outlets in Kuala Lumpur, Malaysia. The company has won many accolades, including the Singapore Promising Brand Award (SPBA) – Promising Brands for three consecutive years from 2009.

On 7th February 2014, Epicentre gave a profit guidance for half year ended 31 December 2013 (HY 2014). It said it expects to report a loss for that period. Even though there may be an expected growth in revenue during HY 2014 as compared to the previous year, deterioration of its profit margin may cause the company to sink into the red.

The company went on to say that it is still in the process of finalising its unaudited financial statements. Further details of the performance will be disclosed when the firm makes public its financial results for HY2014 on 14 February 2014.

The company is currently trading at 1.1 times its book value and does not pay out any dividends.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.  Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.