Stock With Momentum: CYL Corporation
Page 1 of 1
Stock With Momentum: CYL Corporation
Stock With Momentum: CYL Corporation
By Asia Analytica / The Edge Financial Daily | November 17, 2015 : 10:17 AM MYTThis article first appeared in The Edge Financial Daily, on November 17, 2015.
[size=16]CYL Corporation Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 2.10) (-ve)
CYL (Fundamental: 2.1/3, Valuation: 2/3) triggered our momentum algorithm yesterday, up a whopping 20% to close at 99 sen. There was no significant development recently except for 2QFYJan2016 earnings announcement on Sept 28.
For 2QFY2016, revenue dropped 9.6% y-y to RM17.5 million while net profit slumped 53.4% to RM0.7 million, due to lower activity and adjustment of selling prices.
Selangor-based CYL mainly manufactures and supplies plastic packaging products such as bottles and containers. The company’s products cater to the automotive lubricant industries, toiletries and detergent manufacturers, foods processing industries and pharmaceutical packaging industries.
In July, it was reported that CYL will earmark RM8 million for capital expenditure on new machineries and equipment. The company intends to shift its focus towards automation as well as improve production efficiency.
CYL has paid dividends consistently, since 2005. Dividends totaled 5 sen per share for FY2015, giving a decent yield of 5.1%.
[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 : “My 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
Similar topics
» Stock With Momentum: Kim Lun Corporation
» Stock With Momentum: OKA Corporation
» Stock With Momentum: LFE CORPORATION
» Stock With Momentum: OKA Corporation
» Stock With Momentum: Comintel Corporation
» Stock With Momentum: OKA Corporation
» Stock With Momentum: LFE CORPORATION
» Stock With Momentum: OKA Corporation
» Stock With Momentum: Comintel Corporation
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|