Stock With Momentum: Marco Holdings
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Stock With Momentum: Marco Holdings
Stock With Momentum: Marco Holdings
By Asia Analytica / The Edge Financial Daily | June 8, 2016 : 11:02 AM MYTThis article first appeared in The Edge Financial Daily, on June 8, 2016.
Marco Holdings Bhd (+ve)
SHARES in Marco Holdings Bhd (fundamental: 1.75/3, valuation: 1.8/3) triggered our momentum algorithm for the first time yesterday. The counter closed one sen or 6.67% higher at 16 sen when trading hours ended, after some 12.39 million shares changed hands. In comparison, its 200-day average volume is only around 1.81 million shares.
Marco distributes various brands of electronic calculators and watches, as well as products under the Casio brand.
Marco posted a net profit of RM3.78 million in the first quarter ended Mar 31, 2016 (1QFY16), down 26.27% from RM5.18 million a year ago, dragged by weaker margin and higher purchase cost due to the weaker ringgit. Quarterly revenue, however, rose 6.05% to RM48.7 million from RM45.92 million in 1QFY15.
The stock currently trades at a trailing 12-month price-earnings ratio of 8.66 times and is at one time its book value. Its trailing 12-month dividend yield stands at 6%.
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