Stock With Momentum: SLP Resources
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Stock With Momentum: SLP Resources
Stock With Momentum: SLP Resources
By [url=http://www.theedgemarkets.com/my/article/stock-momentum-slp-resources-0?type=Latest News#][/url]Asia Analytica / The Edge Financial Daily | June 15, 2016 : 11:01 AM MYT- [You must be registered and logged in to see this image.]
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This article first appeared in The Edge Financial Daily, on June 15, 2016.
SLP Resources Bhd (+ve)
SLP Resources Bhd (fundamental: 3/3, valuation: 1.1/3), which recently announced the adoption of a 40% dividend payout policy, triggered our momentum algorithm for the eighth time yesterday. In the latter four trading days last week, its shares jumped by over 14%.
The Penang-based plastic packaging manufacturer’s managing director Kelvin Khaw Seang Chuan was quoted by the media last month that it plans to enter the China market in the fourth quarter of this year.
Its earnings per share — 11.01 sen in the financial year ended Dec 31, 2015 — grew at a compound growth rate of 42.44% for the past three years. SLP Resources’ closing share price of RM2.80 yesterday was 24.83 times its trailing 12-month earnings per share.
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