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Stock With Momentum: THREE-A Resources

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Stock With Momentum: THREE-A Resources

Post by Cals Wed 30 Dec 2015, 18:00

Stock With Momentum: THREE-A Resources

By Asia Analytica / The Edge Financial Daily | December 30, 2015 : 10:28 AM MYT

This article first appeared in The Edge Financial Daily, on December 30, 2015.

[size=16]THREE-A Resources Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 2.10)(-ve)
THREE-A Resources (3A) (Fundamental: 2.1/3, Valuation: 1.4/3) first triggered our momentum algorithm on June 9 at 99 sen. The stock was picked again yesterday, closing 3.9% higher at RM1.08.
3A is a leading food & beverage (F&B) ingredients manufacturer with products such as caramel colour, glucose syrup/high maltose syrup, maltodextrin, soya protein sauce and vinegar. It also has a 50% stake in Three-A (Qinhuangdao) Food Industries Co. Ltd, a joint venture company with Wilmar International Limited ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 0.80).
Notably, 3A is the sole local manufacturer of maltodextrin, a glucose-based powder products mainly used as an ingredient for a variety of F&B products such as nutritional beverages, sauces, ice cream and infant milk powder.
For 9M2015, revenue rose 10.4% y-y to RM258.5 million while net profit jumped 26.2% to RM17.0 million, mainly due to higher sales and forex gain. Losses incurred by its joint venture company widened to RM4.5 million, from RM4.3 million in 9M2014.
[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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