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Stocks With Momentum: Focus Lumber
by Cals Thu 12 Feb 2015, 19:03
Stocks With Momentum: Focus Lumber
By theedgemarkets.com / theedgemarkets.com | February 12, 2015 : 12:55 PM MYT
[size=14]Focus Lumber Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
TONG’S Momentum Portfolio bought Focus Lumber (Fundamental: 1.75/3; Valuation 3/3) on Tuesday, after the stock was picked by the proprietary algorithm on positive momentum. The stock has since yielded a substantial 8.4% return and was sold yesterday, after momentum turned negative, according to the algorithm. This suggests some profit-taking may be in store after the strong rally. The Sabah-based company manufactures plywood, veneer and lumber products, exporting some 92.5% of sales, with 67% going to US market in 2013. As such, it benefits from the strong USD. In 4Q2014, net profit increased 15.5% to RM5.07 million on the back of a 5.3% increase in revenue to RM41.39 million. For the full year, net profit rose 5.9% to RM16.03 million while revenue increased 2.1% to RM150.41 million. The stock is trading at 0.97 times book and a trailing 12-month P/E of 7.92 times. It has paid annual dividends of 8 sen since 2011, giving shareholders a high 7.2% yield.
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This article first appeared in The Edge Financial Daily, on February 12, 2015.
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By theedgemarkets.com / theedgemarkets.com | February 12, 2015 : 12:55 PM MYT
[size=14]Focus Lumber Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
TONG’S Momentum Portfolio bought Focus Lumber (Fundamental: 1.75/3; Valuation 3/3) on Tuesday, after the stock was picked by the proprietary algorithm on positive momentum. The stock has since yielded a substantial 8.4% return and was sold yesterday, after momentum turned negative, according to the algorithm. This suggests some profit-taking may be in store after the strong rally. The Sabah-based company manufactures plywood, veneer and lumber products, exporting some 92.5% of sales, with 67% going to US market in 2013. As such, it benefits from the strong USD. In 4Q2014, net profit increased 15.5% to RM5.07 million on the back of a 5.3% increase in revenue to RM41.39 million. For the full year, net profit rose 5.9% to RM16.03 million while revenue increased 2.1% to RM150.41 million. The stock is trading at 0.97 times book and a trailing 12-month P/E of 7.92 times. It has paid annual dividends of 8 sen since 2011, giving shareholders a high 7.2% yield.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on February 12, 2015.
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