Stock With Momentum: OKA Corporation
Page 1 of 1
Stock With Momentum: OKA Corporation
Stock With Momentum: OKA Corporation
By Asia Analytica / The Edge Financial Daily | December 29, 2015 : 10:19 AM MYTThis article first appeared in The Edge Financial Daily, on December 29, 2015.
[size=16]OKA Corporation Bhd ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 2.40) (-ve)
OKA (Fundamental: 2.4/3, Valuation: 1.8/3) triggered our momentum algorithm yesterday, closing 2.7% higher at 96 sen. With six plants scattered across Peninsular Malaysia, OKA is a major precast concrete products manufacturer catering to the infrastructure, construction and highway industries.
There appears no significant development recently save for quarterly results announcement on November 23. For 2QFYMar2016, net profit surged 23% y-y to RM6.2 million despite a 9.8% decline in revenue to RM37.6 million, thanks to favourable sales mix and lower operating expenses.
Concurrently, the company proposed an interim dividend of 1.5 sen per share, which goes “ex” on February 4. Dividends for FY2010-FY2015 ranged from 3 sen to 4 sen, translating into a net yield of 3.1-4.2%.
OKA, one of InsiderAsia’s Top 10 picks, is seen as a beneficiary of proposed infrastructure projects in West Malaysia. The stock currently trades at a trailing P/E of 9.1 times and 1.1 times book.
[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: LFE CORPORATION
» Stock With Momentum: CYL Corporation
» Stock With Momentum: Kim Lun Corporation
» Stock With Momentum: OKA Corporation
» Stock With Momentum: Suiwah Corporation
» Stock With Momentum: CYL Corporation
» Stock With Momentum: Kim Lun Corporation
» Stock With Momentum: OKA Corporation
» Stock With Momentum: Suiwah Corporation
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|