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Stock With Momentum: Seacera Group Bhd

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Stock With Momentum: Seacera Group Bhd

Post by Cals Wed 21 Oct 2015, 04:09

Stock With Momentum: Seacera Group Bhd

By Asia Analytica / The Edge Financial Daily | October 20, 2015 : 11:01 AM MYT

This article first appeared in The Edge Financial Daily, on October 20, 2015.

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[size=16]Seacera Group Bhd ([You must be registered and logged in to see this image.] Valuation: 3.00, Fundamental: 2.30) (-ve)

SHARES of tile-maker Seacera (Fundamental: 2.3/3, Valuation: 3/3) jumped 10.5 sen or 14.6% to close at 82.5 sen yesterday. The stock triggered our momentum algorithm for the first time. Trading volume of 6.0 million shares was 43 times its past 200-day average.

Originally involved in the manufacturing and trading of homogenous and ceramic tiles, Seacera diversified into construction and property development in 2014.

For 2Q2015, the company’s revenue dropped by 9.5% y-o-y to RM14.3 million, mainly due to a 45% sales decline in its tiles division to RM8.5 million. This was partially offset by RM5.7 million in new revenue from its construction operations. Meanwhile, profit before tax slumped 67.6% to RM0.59 million. Note that this excludes revaluation gain of RM289.0 million on Seacera’s 215.26 acres of land in Ulu Langat, Selangor.

Due to the revaluation exercise, the land is now worth RM394.0 million – about 3 times the company’s current market capitalisation.

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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
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Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

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