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Stock With Momentum: Kobay

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Stock With Momentum: Kobay

Post by Cals Sun 15 Nov 2015, 01:27

Stock With Momentum: Kobay

By Asia Analytica / The Edge Financial Daily | November 13, 2015 : 10:35 AM MYT

This article first appeared in The Edge Financial Daily, on November 13, 2015.

[size=16]Kobay Technology Bhd ([You must be registered and logged in to see this image.] Valuation: 0.80, Fundamental: 2.50) (+ve)
The usually thinly-traded shares of Kobay (Fundamental: 2.5/3, Valuation: 1.4/3) have risen by 85.0% to a five-year high of RM1.98 since it was first picked by our momentum algorithm on April 8.
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 managed to return to profitability in FY2014 after turning around its metal fabrication business with successful penetration into niche market of aerospace, medical and oil and gas sectors.
For FY2015, revenue increased 18.1% to RM113.9 million while core pre-tax profit more than doubled to RM12.6 million, thanks to the disposal of loss-making operations in China, forex gains, and higher metal fabrication sales.
Kobay has diversified into property development via joint ventures with 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.]

[/size]

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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