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Stock With Momentum: Pentamaster Corporation

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Stock With Momentum: Pentamaster Corporation Empty Stock With Momentum: Pentamaster Corporation

Post by Cals Tue 23 Jun 2015, 01:43

Stock With Momentum: Pentamaster Corporation

Pentamaster Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
PENTAMASTER (Fundamental: 2.1/3, Valuation: 0.5/3) first triggered our momentum alert on February 17. Since then, its share price has risen by 42.7% to close at 73.5 sen last Friday. 
It is likely a beneficiary of the stronger USD. Export — mainly to China — accounted for 67.2% of its sales last year, mostly denominated in USD.
Pentamaster is mainly involved in designing, developing and manufacturing of automated equipment for the semiconductor industry. Earnings have been erratic over the past 5 years, with net losses in 2010 and 2012. 
For 1Q2015, net profit was RM1.8 million, compared to a net loss of RM1.1 million in 1Q2014. Revenue almost doubled y-o-y to RM19.4 million, due mainly to higher demand for its integrated manufacturing solutions. 
On March 19, the company proposed to acquire a 3.2-acre leasehold land in Batu Kawan ([You must be registered and logged in to see this image.] Financial Dashboard), Penang for RM5.0 million for expansion purposes.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on June 22, 2015.
Cals
Cals
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Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
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