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Stocks With Momentum: IQ Group Holdings
by Cals Wed 05 Nov 2014, 21:09
Stocks With Momentum: IQ Group Holdings
IQ Group Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)
IQ Group has significantly improved its earnings for FY March 2014, after years of erratic margins despite stable growth in turnover.
This came after the company, an OEM and ODM manufacturer of security products such as infrared detectors and motion sensors, launched new LED products to customers in Europe and Japan.
Net profit surged over 17 times from RM0.62 million in FY March 2013 to RM11.2 million in FY2014 on the back of a 21.3% rise in revenue to RM171.39 million. The company has a strong balance sheet with net cash of RM20.1 million as at 1QFY2015, equivalent to 23 sen per share. The stock trades at 1.5 times book with a single digit P/E ratio of 9.14 times.
However, IQ Group has not paid out any dividends historically, possibly due to its earlier expansion and restructuring plans. As its earnings and cash position improves, this could change in the future.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on November 5, 2014.
IQ Group Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)
IQ Group has significantly improved its earnings for FY March 2014, after years of erratic margins despite stable growth in turnover.
This came after the company, an OEM and ODM manufacturer of security products such as infrared detectors and motion sensors, launched new LED products to customers in Europe and Japan.
Net profit surged over 17 times from RM0.62 million in FY March 2013 to RM11.2 million in FY2014 on the back of a 21.3% rise in revenue to RM171.39 million. The company has a strong balance sheet with net cash of RM20.1 million as at 1QFY2015, equivalent to 23 sen per share. The stock trades at 1.5 times book with a single digit P/E ratio of 9.14 times.
However, IQ Group has not paid out any dividends historically, possibly due to its earlier expansion and restructuring plans. As its earnings and cash position improves, this could change in the future.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on November 5, 2014.
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