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Stock With Momentum: Solution Engineering Holdings

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Stock With Momentum: Solution Engineering Holdings Empty Stock With Momentum: Solution Engineering Holdings

Post by Cals Fri 17 Jul 2015, 01:06

Stock With Momentum: Solution Engineering Holdings




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By Asia Analytica / The Edge Financial Daily   | July 16, 2015 : 10:39 AM MYT   

[size=14]Solution Engineering Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)


Shares of Solution (Fundamental: 2.8/3, Valuation: 1.5/3) ended 3.1% higher at 33.5 sen yesterday. The stock has recovered from a sharp fall in April, up 59.5% year-to-date.

For 1Q15, revenue soared 121.1% y-o-y to RM9.0 million while net profit grew 182.8% to RM1.3 million, bolstered by higher sales and profit margins, better cost control and foreign exchange gain. It has net cash of RM17.0 million, equivalent to 26.6% of its market capitalisation. 

The company specialises in the design and development of teaching equipment for engineering education (SOLTEQ) such as chemical, mechanical, electrical and control engineering for higher learning institutions.

Revenue for 2014 soared 183.8% to RM35.9 million while net profit jumped nearly five-fold to RM3.7 million, due to higher sales of SOLTEQ equipment.

The stock is trading at a trailing 12-month P/E of 13.9 times and 2.21 times book. Dividend was 1 sen per share in 2014, giving a net yield of 3.1%.

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This article first appeared in The Edge Financial Daily, on July 16, 2015.
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