Mixed selection of stocks by SBW writers
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Mixed selection of stocks by SBW writers
Saturday, 18 June 2016
LIKE the picks by fund managers, the selection byStarBizWeek (SBW) writers was also a mixed bag with most stocks underperforming the market.
PRG-wa was the big winner among the writers pick. As the shares of furniture maker PRG Holdings Bhd trade close to its 52-week high, its warrants too have seen a rise in value. Picked by Tee Lin Say, PRG-wa was last traded at 39 sen from 35 sen picked at the start of this year, good for a rise of 11.4%.
KKB Engineering Bhd, picked by Ng Bei Shan, fell from RM1.60 to RM1.37 as the problems with the steel sector and the soft economy have hurt its prospects. The stock was selected ahead of the Sarawak state election but fell after the elections were concluded.
Karex Bhd, picked by Wong Wei-Shen, too has slipped from RM2.753 to RM2.17. The condom maker benefitted from a weak ringgit but with the ringgit bouncing back in the first quarter, but now has retraced its gains, the stock too has gone in reverse. It did not help when its third quarter numbers saw a decline in net profit.
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CIMB Group Holdings Bhd, a selection by M. Shanmugam, has had its share of problems as the banking giant’s stock price has fallen from RM4.438 to RM4.24. Analysts worry about its Indonesian operations but improvements in cost and efficiencies saw its net profit rise in its latest quarter to RM813.8mil from RM580.1mil.
Petronas Chemicals Bhd has seen its shares take a beating from last year when it last traded at RM7.166. The stock picked by Jagdev Singh Sidhu closed at RM6.35 yesterday. Low product prices are hurting the stock despite the high utilisation rates of its plants. The new Samur urea plant will likely see a loss for its current financial year but at higher utilisation rates, will be positive for the stock.
Malaysia Building Society Bhd stock price has been battered by the provisions the finance company has been making and an impending rights issue to raise cash is not helping with sentiment. The stock, a pick by Afiq Isa, has fallen from RM1.376 to RM1.09. But there is hope that once the company is recapitalised, it fortunes will improve.
Brokerage Apex Equity Holdings Bhd is up for sale but from RM1.843 when the stock was picked by Yvonne Tan, the stock traded at RM1.58 this week. Although its balance sheet remains healthy, poor market sentiment was a drag on the company that reported a drop in profit in its first quarter to RM1.53mil from RM3.2mil previously. However, Apex did report a dividend yield of more than 3% for FY15, still rewarding its shareholders in the process.
Suria Capital Holdings Bhd, a port operator, has seen its share price fall from RM2.296 to RM2.01 as doubts emerge over its property development Jesselton Quay. Helping the stock picked by Sharidan M. Ali is its current profitability which rose in its last quarter to RM16mil from RM13.4mil.
Mixed selection of stocks by SBW writers
LIKE the picks by fund managers, the selection byStarBizWeek (SBW) writers was also a mixed bag with most stocks underperforming the market.
PRG-wa was the big winner among the writers pick. As the shares of furniture maker PRG Holdings Bhd trade close to its 52-week high, its warrants too have seen a rise in value. Picked by Tee Lin Say, PRG-wa was last traded at 39 sen from 35 sen picked at the start of this year, good for a rise of 11.4%.
KKB Engineering Bhd, picked by Ng Bei Shan, fell from RM1.60 to RM1.37 as the problems with the steel sector and the soft economy have hurt its prospects. The stock was selected ahead of the Sarawak state election but fell after the elections were concluded.
Karex Bhd, picked by Wong Wei-Shen, too has slipped from RM2.753 to RM2.17. The condom maker benefitted from a weak ringgit but with the ringgit bouncing back in the first quarter, but now has retraced its gains, the stock too has gone in reverse. It did not help when its third quarter numbers saw a decline in net profit.
[You must be registered and logged in to see this image.]
CIMB Group Holdings Bhd, a selection by M. Shanmugam, has had its share of problems as the banking giant’s stock price has fallen from RM4.438 to RM4.24. Analysts worry about its Indonesian operations but improvements in cost and efficiencies saw its net profit rise in its latest quarter to RM813.8mil from RM580.1mil.
Petronas Chemicals Bhd has seen its shares take a beating from last year when it last traded at RM7.166. The stock picked by Jagdev Singh Sidhu closed at RM6.35 yesterday. Low product prices are hurting the stock despite the high utilisation rates of its plants. The new Samur urea plant will likely see a loss for its current financial year but at higher utilisation rates, will be positive for the stock.
Malaysia Building Society Bhd stock price has been battered by the provisions the finance company has been making and an impending rights issue to raise cash is not helping with sentiment. The stock, a pick by Afiq Isa, has fallen from RM1.376 to RM1.09. But there is hope that once the company is recapitalised, it fortunes will improve.
Brokerage Apex Equity Holdings Bhd is up for sale but from RM1.843 when the stock was picked by Yvonne Tan, the stock traded at RM1.58 this week. Although its balance sheet remains healthy, poor market sentiment was a drag on the company that reported a drop in profit in its first quarter to RM1.53mil from RM3.2mil previously. However, Apex did report a dividend yield of more than 3% for FY15, still rewarding its shareholders in the process.
Suria Capital Holdings Bhd, a port operator, has seen its share price fall from RM2.296 to RM2.01 as doubts emerge over its property development Jesselton Quay. Helping the stock picked by Sharidan M. Ali is its current profitability which rose in its last quarter to RM16mil from RM13.4mil.
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