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Stock With Momentum: A-Rank
by Cals Tue 24 May 2016, 01:52
Stock With Momentum: A-Rank
By Asia Analytica / The Edge Financial Daily | May 23, 2016 : 11:08 AM MYTThis article first appeared in The Edge Financial Daily, on May 23, 2016.
A-Rank Bhd (-ve)
SHARES in A-Rank Bhd (fundamental: 2.1/3, valuation: 2.4/3) triggered our momentum algorithm as the stock jumped 2.48% to 82.5 sen last Friday, after 2.63 million shares changed hands.
Its share price has been trading between 40 sen and 84 sen in the last 52 weeks. Year to date, the stock has jumped 27.7%. Compared to a year ago, it has risen 66.93%.
A-Rank’s net profit for the second quarter ended Jan 31, 2016 (2QFY16) surged 58.3% to RM3.42 million, from RM2.16 million in the corresponding quarter a year ago, due mainly to better margins, according to its bourse announcement.
The group’s revenue for 2QFY16 also edged up 4.33% to RM128.1 million, from RM122.8 million in 2QFY15, contributed by a higher business volume.
At the current level, A-Rank is trading at a trailing price-earnings ratio of 7.77 times and is 1.03 times its book value, with a market capitalisation of RM98.4 million.
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