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Stock With Momentum: Comintel

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Stock With Momentum: Comintel

Post by Cals Mon 21 Dec 2015, 22:00

Stock With Momentum: Comintel

By Asia Analytica / The Edge Financial Daily | December 21, 2015 : 10:31 AM MYT

This article first appeared in The Edge Financial Daily, on December 21, 2015.

[size=16]Comintel Corporation Bhd ([You must be registered and logged in to see this image.] Valuation: 1.50, Fundamental: 0.80) (-ve)
SHARES of Comintel (Fundamental: 0.55/3, Valuation: 1.5/3) surged a staggering 73% in active trade to close at a one-year high of 64 sen on Friday. This came after the company announced a strong set of quarterly results.
For 3QFYJan2016, revenue rose 31.1% y-y to RM109.9 million while net profit jumped an outsized 458% to RM4.9 million. The good performance was due to the shipment of higher margin products by the manufacturing division and the strengthening US dollar.
Comintel mainly manufactures and assembles electronic components. The company also provides communication and system integration as well as electronic systems testing and repair for the defense industry.
Additionally, the company ventured into the renewable energy business after signing a 16-year power purchase agreement with Tenaga Nasional Berhad ([You must be registered and logged in to see this image.] Valuation: 1.20, Fundamental: 1.30) in 2013. However, contributions are only expected to begin in 2H2016. This is because the company’s 2MW renewable green energy plant has yet to be commissioned after encountering unforeseen technical issues.
[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
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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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