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Stocks With Momentum: Denko
by Cals Thu 16 Apr 2015, 23:59
Stocks With Momentum: Denko
By theedgemarkets.com / theedgemarkets.com | April 16, 2015 : 12:06 PM MYT
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Denko Industrial Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
Shares for Denko (Fundamental: 0.35/3, Valuation: 0.9/3) finally clawed back all of its losses, and a little more, following the sharp plunge at end-November, after posting net loss of RM0.059 million for 3QFYMar15. The stock added 2 sen or 7.8% to close at 27.5 sen yesterday.
The Johor Bahru-based company manufactures plastic injection moulding and high precision plastic parts. It also carries out trading in consumer goods.
Denko alternated between profit and loss over the past five years. It turned a profit of RM0.4 million in 1QFY15 but fell back into the red in the subsequent two quarters. For 9MFY15, revenue was flattish y-y at RM57.3 million but earnings improved – to net profit of RM0.3 million from net loss of RM2.9 million in 9MFY14. Gearing stands at 42.9%.
The stock is trading at 0.73 times book value but high trailing 12-month P/E of 213.1 times. No dividend was paid for the past five years.
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This article first appeared in The Edge Financial Daily, on April 16, 2015.[/size]
By theedgemarkets.com / theedgemarkets.com | April 16, 2015 : 12:06 PM MYT
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[size]
Denko Industrial Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
Shares for Denko (Fundamental: 0.35/3, Valuation: 0.9/3) finally clawed back all of its losses, and a little more, following the sharp plunge at end-November, after posting net loss of RM0.059 million for 3QFYMar15. The stock added 2 sen or 7.8% to close at 27.5 sen yesterday.
The Johor Bahru-based company manufactures plastic injection moulding and high precision plastic parts. It also carries out trading in consumer goods.
Denko alternated between profit and loss over the past five years. It turned a profit of RM0.4 million in 1QFY15 but fell back into the red in the subsequent two quarters. For 9MFY15, revenue was flattish y-y at RM57.3 million but earnings improved – to net profit of RM0.3 million from net loss of RM2.9 million in 9MFY14. Gearing stands at 42.9%.
The stock is trading at 0.73 times book value but high trailing 12-month P/E of 213.1 times. No dividend was 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 16, 2015.[/size]
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