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Stocks With Momentum: G Neptune
by Cals Thu 12 Mar 2015, 00:57
Stocks With Momentum: G Neptune
By theedgemarkets.com / theedgemarkets.com | March 11, 2015 : 10:20 AM MYT
[size=14]G Neptune Bhd (+ve)
G NEPTUNE (GNB) (Fundamental: 2.15/3, Valuation: 0.3/3) has seen sharply higher volumes after the release of its 4Q2014 earnings results at end-February. Since then, its share price has surged 2.5 sen, or a whopping 62.5% to close at a high of 6.5 sen yesterday.
In 4Q2014, GNB returned to black with net profit of RM4.1 million on the back of increased revenue of RM2.7 million. Note though this included a RM938,897 gain from disposal of subsidiary. For the full-year, net profit totaled RM0.521 million, including net disposal gains of RM74,160. GNB’s core business of IT research and development has been in the red since 2012. It has proposed a private placement of up to 86.6 million shares, or 30% of paid up share capital to fund its planned diversification into the apparel business, to distribute mid to high-end men’s clothing line under the brand name Louis Gianni.
GNB intends to actively look for other new businesses.
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This article first appeared in The Edge Financial Daily, on March 11, 2015.
[/size]
By theedgemarkets.com / theedgemarkets.com | March 11, 2015 : 10:20 AM MYT
[size=14]G Neptune Bhd (+ve)
G NEPTUNE (GNB) (Fundamental: 2.15/3, Valuation: 0.3/3) has seen sharply higher volumes after the release of its 4Q2014 earnings results at end-February. Since then, its share price has surged 2.5 sen, or a whopping 62.5% to close at a high of 6.5 sen yesterday.
In 4Q2014, GNB returned to black with net profit of RM4.1 million on the back of increased revenue of RM2.7 million. Note though this included a RM938,897 gain from disposal of subsidiary. For the full-year, net profit totaled RM0.521 million, including net disposal gains of RM74,160. GNB’s core business of IT research and development has been in the red since 2012. It has proposed a private placement of up to 86.6 million shares, or 30% of paid up share capital to fund its planned diversification into the apparel business, to distribute mid to high-end men’s clothing line under the brand name Louis Gianni.
GNB intends to actively look for other new businesses.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on March 11, 2015.
[/size]
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