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Stock With Momentum: Harbour-Link Group
by Cals Thu 18 Jun 2015, 20:10
Stock With Momentum: Harbour-Link Group
Harbour-Link Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
Harbour (Fundamental: 1.7/3, Valuation: 1.8/3) was picked by our momentum algorithm for the 11th time since March 3, rising 52.9% over the period. The stock closed up 3.6% at RM2.60 yesterday.
The Bintulu-based company provides shipping and marine services, logistic services and equipment rental, as well as engineering and construction services. It also owns a 100-acre land at the Kidurong Industrial Area (KINDA) near Bintulu Port. Harbour intends to develop the land into a township with integrated facilities.
For 9MFYJune2015, net profit surged 76.1% to RM36.5 million while sales increased 9.2% to RM391.1 million, mainly due to logistics services and machineries segment as well as engineering works segment.
On June 8, Harbour acquired Harbour Xtra Sdn Bhd, currently dormant, to facilitate the expansion of its ship owning and management operations.
The stock currently trades at a trailing 12-month P/E of 9.43 times and 1.74 times book.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on June 18, 2015.
Harbour-Link Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
Harbour (Fundamental: 1.7/3, Valuation: 1.8/3) was picked by our momentum algorithm for the 11th time since March 3, rising 52.9% over the period. The stock closed up 3.6% at RM2.60 yesterday.
The Bintulu-based company provides shipping and marine services, logistic services and equipment rental, as well as engineering and construction services. It also owns a 100-acre land at the Kidurong Industrial Area (KINDA) near Bintulu Port. Harbour intends to develop the land into a township with integrated facilities.
For 9MFYJune2015, net profit surged 76.1% to RM36.5 million while sales increased 9.2% to RM391.1 million, mainly due to logistics services and machineries segment as well as engineering works segment.
On June 8, Harbour acquired Harbour Xtra Sdn Bhd, currently dormant, to facilitate the expansion of its ship owning and management operations.
The stock currently trades at a trailing 12-month P/E of 9.43 times and 1.74 times book.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on June 18, 2015.
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