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Stock With Momentum: Theta Edge

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Stock With Momentum: Theta Edge

Post by Cals Sat 12 Mar 2016, 00:16

Stock With Momentum: Theta Edge

By Asia Analytica / The Edge Financial Daily | March 11, 2016 : 11:19 AM MYT

This article first appeared in The Edge Financial Daily, on March 11, 2016.
Theta Edge Bhd (+ve)
SHARES of Theta (Fundamental: 1.25/3, Valuation: 0.9/3) have risen a cumulative 34.5% since it announced strong results for the fourth quarter ended Dec 31, 2015 (4QFY15) on Feb 29. The stock closed unchanged at 37.5 sen yesterday.
For 4QFY15, the company returned to the black, with a net profit of RM9.1 million compared to a net loss of RM62,000 a year ago, while revenue grew 87% year-on-year to RM65.8 million from RM35.2 million.
For the full year (FY15), the company recorded a net profit of RM2.4 million compared to a net loss of RM7.1 million in FY14, mainly attributed to higher gross profit margins due to higher revenue mix from system integration works. Revenue increased 53% to RM150.5 million from RM98.3 million due to the completion of some big project milestones.
Theta is involved in providing system integration and turnkey solutions for the IT and telecommunications sectors.
Going forward, despite the higher cost of ICT products and services and lower spending by the government, Theta expects to record better results for 2016.
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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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