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Stocks With Momentum: Opcom
by Cals Mon 09 Mar 2015, 23:58
Stocks With Momentum: Opcom
By theedgemarkets.com / theedgemarkets.com | March 9, 2015 : 10:37 AM MYT
[size=14]Opcom Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
ACE market-listed Opcom (fundamental: 2.2/3; valuation: 1.8/3) added 11 sen or 17.9% over the last three days to close at 72.5 sen last Friday. The fibre optic cable manufacturer stands to benefit from the roll-out of High Speed Broadband Phase Two (HSBB2). The project, awarded to TM two weeks ago, will cost RM1.8 billion over a period of ten years.
For 9MFYMar15, net profit doubled to RM2.6 million on the back of a 61.6% increase in revenue (to RM56.5 million) boosted by higher cables and accessories sales. In FY2014, net profit had plunged 78.5% to RM2.8 million, affected by intense competition from foreign suppliers.
Opcom has a debt-free balance sheet with net cash of RM48.3 million, or 30 sen per share. The stock trades at a trailing P/E of 26.2 times and 1.46 times its book value. Dividends totalled 4.8 sen per share (adjusted for 1-4 bonus) in FY2014, giving a yield of 6.6%.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on March 9, 2015.
[/size]
By theedgemarkets.com / theedgemarkets.com | March 9, 2015 : 10:37 AM MYT
[size=14]Opcom Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
ACE market-listed Opcom (fundamental: 2.2/3; valuation: 1.8/3) added 11 sen or 17.9% over the last three days to close at 72.5 sen last Friday. The fibre optic cable manufacturer stands to benefit from the roll-out of High Speed Broadband Phase Two (HSBB2). The project, awarded to TM two weeks ago, will cost RM1.8 billion over a period of ten years.
For 9MFYMar15, net profit doubled to RM2.6 million on the back of a 61.6% increase in revenue (to RM56.5 million) boosted by higher cables and accessories sales. In FY2014, net profit had plunged 78.5% to RM2.8 million, affected by intense competition from foreign suppliers.
Opcom has a debt-free balance sheet with net cash of RM48.3 million, or 30 sen per share. The stock trades at a trailing P/E of 26.2 times and 1.46 times its book value. Dividends totalled 4.8 sen per share (adjusted for 1-4 bonus) in FY2014, giving a yield of 6.6%.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on March 9, 2015.
[/size]
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