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Stocks With Momentum: Emas Kiara Industries
by Cals Tue 28 Apr 2015, 02:04
Stocks With Momentum: Emas Kiara Industries
Emas Kiara Industries Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
EKIB (Fundamental: 1.65/3, Valuation: 0.9/3) is mainly involved in the provision of geotechnical engineering solutions including marine and coastal engineering, protection of shorelines and riverbanks as well as soft ground treatment.
Since disposing of its geosynthetic manufacturing business in 2011, EKIB has not fared well. Although operations expanded to include the trading of lighting products and property development in 2012-2013, it fell into the red — reporting net loss of RM6 million and RM8.9 million in the two years, respectively.
For 2014, revenue grew 16.3% y-y to RM43.6 million while net loss narrowed to RM4.1 million, thanks to improved contributions from specialized lighting and mechanical and engineering projects in 4Q2014.
Of note, the company has recently been awarded sub-contract work for the installation of prefabricated vertical drain works (PVD) and PVD surcharge trial panel works at Singapore’s Changi Airport worth S$8.67 million, or about RM23.21 million, excluding GST.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on April 27, 2015.
Emas Kiara Industries Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
EKIB (Fundamental: 1.65/3, Valuation: 0.9/3) is mainly involved in the provision of geotechnical engineering solutions including marine and coastal engineering, protection of shorelines and riverbanks as well as soft ground treatment.
Since disposing of its geosynthetic manufacturing business in 2011, EKIB has not fared well. Although operations expanded to include the trading of lighting products and property development in 2012-2013, it fell into the red — reporting net loss of RM6 million and RM8.9 million in the two years, respectively.
For 2014, revenue grew 16.3% y-y to RM43.6 million while net loss narrowed to RM4.1 million, thanks to improved contributions from specialized lighting and mechanical and engineering projects in 4Q2014.
Of note, the company has recently been awarded sub-contract work for the installation of prefabricated vertical drain works (PVD) and PVD surcharge trial panel works at Singapore’s Changi Airport worth S$8.67 million, or about RM23.21 million, excluding GST.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on April 27, 2015.
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