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Stock With Momentum: Spring Gallery
by Cals Thu 14 May 2015, 02:18
Stock With Momentum: Spring Gallery
SPRING GALLERY BHD (-ve)
SPRING Gallery (SGB) (Fundamental: 1.7/3, Valuation: 0/3), formerly known as PFCE Bhd, is primarily involved in the manufacturing of ceramic garden ware and household pottery items.
The company was in the red in 2010–2011. It recorded a marginal net profit of RM27,905 for 2012, attributed to higher revenue after it ventured into the oil and gas sector in the previous year.
However, in May 2014, SGB exited the oil and gas business, disposing its subsidiary, PFCE Offshore Worldwide, due to losses incurred from a fire explosion at its plant in Kerteh, Terengganu. It posted a net loss of RM11.3 million for the 18-month period ended FYJune2014.
Consequently, SGB is now focused on growing its ceramic business. For 1HFY2015, net profit stood at RM1.5 million, on the back of increased export sales.
The stock has surged 24% this month, closing at 64.5 sen per share yesterday. It currently trades at trailing 12-month P/E of 14.7 times.
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This article first appeared in The Edge Financial Daily, on May 13, 2015.
SPRING GALLERY BHD (-ve)
SPRING Gallery (SGB) (Fundamental: 1.7/3, Valuation: 0/3), formerly known as PFCE Bhd, is primarily involved in the manufacturing of ceramic garden ware and household pottery items.
The company was in the red in 2010–2011. It recorded a marginal net profit of RM27,905 for 2012, attributed to higher revenue after it ventured into the oil and gas sector in the previous year.
However, in May 2014, SGB exited the oil and gas business, disposing its subsidiary, PFCE Offshore Worldwide, due to losses incurred from a fire explosion at its plant in Kerteh, Terengganu. It posted a net loss of RM11.3 million for the 18-month period ended FYJune2014.
Consequently, SGB is now focused on growing its ceramic business. For 1HFY2015, net profit stood at RM1.5 million, on the back of increased export sales.
The stock has surged 24% this month, closing at 64.5 sen per share yesterday. It currently trades at trailing 12-month P/E of 14.7 times.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on May 13, 2015.
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