Hot Stock TDex hits four-month high on brisk trading volume
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Hot Stock TDex hits four-month high on brisk trading volume
Hot Stock
TDex hits four-month high on brisk trading volume
By Foo Yen Ne / TheEdge Markets.com | November 11, 2014 : 12:18 PM MYT
KUALA LUMPUR (Nov 11): Yesterday’s strong interest in Technodex Bhd (Tdex) ([You must be registered and logged in to see this image.] Financial Dashboard) shares has spilled over to today with 36.9 million shares changing hands in the morning session so far, making it the third most actively traded stock on Bursa Malaysia as at 11.45am.
Tdex share price has risen 0.5 sen or about 2.2% to a four-month high of 24 sen.
The Ace Market-listed counter was featured as Stocks with Momentum by TheEdge Research.
According to TheEdge Research, Tdex has been subject to a number of corporate exercises, including buying several private companies and a proposed 10% private placement exercise to raise up to RM8.5 million.
TheEdge Research described the company’s profit margins as “erratic” after it posted net loss of RM430,000 for the financial year ended April 30, 2014.
“In 1Q15 (ended July 31), it has managed to return to the black with a modest net profit of RM89,000 on the back of RM3.7 million in revenue.”
The company has net cash position of RM6 million as at in 1Q2015 after it managed to slash its trade receivables by 64% to RM4.29 million at end-FY14, TheEdge Research noted.
[size=14]However, the research outfit pointed out that Tdex’s pioneer status will expire in FY2015 and warned that Tdex has a “client concentration risk” as 80% of its trade receivables are from three customers. [/size]
TDex hits four-month high on brisk trading volume
By Foo Yen Ne / TheEdge Markets.com | November 11, 2014 : 12:18 PM MYT
KUALA LUMPUR (Nov 11): Yesterday’s strong interest in Technodex Bhd (Tdex) ([You must be registered and logged in to see this image.] Financial Dashboard) shares has spilled over to today with 36.9 million shares changing hands in the morning session so far, making it the third most actively traded stock on Bursa Malaysia as at 11.45am.
Tdex share price has risen 0.5 sen or about 2.2% to a four-month high of 24 sen.
The Ace Market-listed counter was featured as Stocks with Momentum by TheEdge Research.
According to TheEdge Research, Tdex has been subject to a number of corporate exercises, including buying several private companies and a proposed 10% private placement exercise to raise up to RM8.5 million.
TheEdge Research described the company’s profit margins as “erratic” after it posted net loss of RM430,000 for the financial year ended April 30, 2014.
“In 1Q15 (ended July 31), it has managed to return to the black with a modest net profit of RM89,000 on the back of RM3.7 million in revenue.”
The company has net cash position of RM6 million as at in 1Q2015 after it managed to slash its trade receivables by 64% to RM4.29 million at end-FY14, TheEdge Research noted.
[size=14]However, the research outfit pointed out that Tdex’s pioneer status will expire in FY2015 and warned that Tdex has a “client concentration risk” as 80% of its trade receivables are from three customers. [/size]
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