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Stocks With Momentum: Prinsiptek
by Cals Mon 06 Apr 2015, 19:23
Stocks With Momentum: Prinsiptek
By theedgemarkets.com / theedgemarkets.com | April 6, 2015 : 10:19 AM MYT
[size=14]Prinsiptek Corporation Bhd (-ve)
PRINSIPTEK (Fundamental: 0.55/3, Valuation: 1.2/3) rose 1 sen or 5.4% to 19.5 sen last Friday. The Selangor-based company’s core activities include turnkey construction and property development, which contributed 71.8% and 9.1% of its revenue respectively in 2014.
For 2014, revenue fell 28.5% to RM302.2 million, due to completion of certain construction and property development projects. Net profit, however, inched 2.8% up to RM4.7 million, thanks to higher-margin projects from construction segment.
Last November, it raised RM34.2 million via a rights issue for property development expenditure and replenishment of its land banks. Unbilled order book was reported at RM230.0 million as at last August. It is looking to launch two new projects worth over RM300 million in Shah Alam and Penang this year.
The stock trades at a trailing 12-month P/E of 12.6 times and 0.34 times book value. No dividends were paid for the past five years.
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This article first appeared in The Edge Financial Daily, on April 6, 2015.
[/size]
By theedgemarkets.com / theedgemarkets.com | April 6, 2015 : 10:19 AM MYT
[size=14]Prinsiptek Corporation Bhd (-ve)
PRINSIPTEK (Fundamental: 0.55/3, Valuation: 1.2/3) rose 1 sen or 5.4% to 19.5 sen last Friday. The Selangor-based company’s core activities include turnkey construction and property development, which contributed 71.8% and 9.1% of its revenue respectively in 2014.
For 2014, revenue fell 28.5% to RM302.2 million, due to completion of certain construction and property development projects. Net profit, however, inched 2.8% up to RM4.7 million, thanks to higher-margin projects from construction segment.
Last November, it raised RM34.2 million via a rights issue for property development expenditure and replenishment of its land banks. Unbilled order book was reported at RM230.0 million as at last August. It is looking to launch two new projects worth over RM300 million in Shah Alam and Penang this year.
The stock trades at a trailing 12-month P/E of 12.6 times and 0.34 times book value. No dividends were paid for the past five years.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on April 6, 2015.
[/size]
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