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Stocks With Momentum: Asdion Bhd
by Cals Fri 23 Jan 2015, 01:38
Stocks With Momentum: Asdion Bhd
Asdion Bhd
SINCE Asdion was first picked up by our momentum algorithm on Dec 29, 2014, its share price has increased by 16.2% to 57.5 sen.
The company is likely seen as one of the potential beneficiaries of the GST-compliant software market worth RM1.7 billion, although it is unclear how much it is exposed to the sector.
Asdion provides integrated business and operations solutions, mainly to the hospitality, recreational, supply chain logistic and data services businesses in Malaysia, Singapore and China.
The major shareholder of Asdion is Tey Por Yee (22.0% stake), who has stakes in several listed companies, such as Protasco and Nexgram Holdings ([You must be registered and logged in to see this image.] Financial Dashboard). Tey was recently embroiled in a boardroom tussle at Protasco.
The Edge Research rates Asdion with Fundamental and Valuation scores of 1.65/3.0 and 0/3.0, respectively. The stock appears expensive given its high price-to-book ratio of 2.4 times. Also, the company has been in the red since FY Dec 2009.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on January 22, 2015.
Asdion Bhd
SINCE Asdion was first picked up by our momentum algorithm on Dec 29, 2014, its share price has increased by 16.2% to 57.5 sen.
The company is likely seen as one of the potential beneficiaries of the GST-compliant software market worth RM1.7 billion, although it is unclear how much it is exposed to the sector.
Asdion provides integrated business and operations solutions, mainly to the hospitality, recreational, supply chain logistic and data services businesses in Malaysia, Singapore and China.
The major shareholder of Asdion is Tey Por Yee (22.0% stake), who has stakes in several listed companies, such as Protasco and Nexgram Holdings ([You must be registered and logged in to see this image.] Financial Dashboard). Tey was recently embroiled in a boardroom tussle at Protasco.
The Edge Research rates Asdion with Fundamental and Valuation scores of 1.65/3.0 and 0/3.0, respectively. The stock appears expensive given its high price-to-book ratio of 2.4 times. Also, the company has been in the red since FY Dec 2009.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on January 22, 2015.
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