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Stock With Momentum: Kobay Technology

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Stock With Momentum: Kobay Technology

Post by Cals Tue 27 Oct 2015, 17:19

Stock With Momentum: Kobay Technology

By Asia Analytica / The Edge Financial Daily | October 27, 2015 : 10:18 AM MYT

This article first appeared in The Edge Financial Daily, on October 27, 2015.
[size=16]Kobay Technology Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 2.50) (-ve)
Kobay (Fundamental: 2.5/3, Valuation: 1.4/3) was picked by our momentum algorithm for the second consecutive trading day. Despite an unusual market activity (UMA) query by Bursa ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 2.30) Malaysia last Friday — after a 29.9% jump in its share price — the thinly traded stock added another 2.0% to close at RM1.55 yesterday.
In reply to Bursa’s query, Kobay disclosed that it received a Letter of Intent, in mid-October, from a prospective buyer to acquire a 1.54-acre vacant land in Penang. However, the terms and conditions have not been finalized at this juncture.
Kobay is mainly involved in the manufacturing of precision metal components, precision tooling and equipment, and metal fabrication. Export, mainly to Singapore and the US, accounted for 41.8% of its revenue in FYJune2015.
The company has entered into several joint ventures for property development projects in Penang, Perak and Kuala Lumpur. It expects to launch at least one project by 2QFY2016.
[You must be registered and logged in to see this image.]

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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
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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