Bursa Alert
Global Market
NewsStocks With Momentum: Farm’s Best
Page 1 of 1
Stocks With Momentum: Farm’s Best
by Cals Fri 20 Mar 2015, 02:37
Stocks With Momentum: Farm’s Best
By theedgemarkets.com / theedgemarkets.com | March 19, 2015 : 10:46 AM MYT
Farm’s Best Bhd (+ve)
FARM’S Best (Fundamental: 0.35/3, Valuation: 0.9/3) is seeing renewed investors interest, since its share price fell to a low of 57.5 sen in mid-December. The stock shot up to an intra-day high of 82 sen before closing at 81 sen yesterday. Almost 5.4 million shares were traded, compared with just 259,900 the day before.
In its 2014 results released late-February, revenue posted a 8% y-y decline to RM418.3 million while net profit was almost halved from RM4.33 million to just RM2.25 million. This was due, mainly, to lower sales volume of live broilers and table eggs as well as lower average selling prices.
Farm’s Best is in the midst of a reverse takeover exercise by [size=14]SHH Holdings Sdn Bhd. The latter will inject into the company its poultry business in China for new shares. In December 2014, the conditional period to complete the corporate exercise, including the proposed acquisition, was extended to 11th June 2015.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on March 19, 2015.
[/size]
By theedgemarkets.com / theedgemarkets.com | March 19, 2015 : 10:46 AM MYT
Farm’s Best Bhd (+ve)
FARM’S Best (Fundamental: 0.35/3, Valuation: 0.9/3) is seeing renewed investors interest, since its share price fell to a low of 57.5 sen in mid-December. The stock shot up to an intra-day high of 82 sen before closing at 81 sen yesterday. Almost 5.4 million shares were traded, compared with just 259,900 the day before.
In its 2014 results released late-February, revenue posted a 8% y-y decline to RM418.3 million while net profit was almost halved from RM4.33 million to just RM2.25 million. This was due, mainly, to lower sales volume of live broilers and table eggs as well as lower average selling prices.
Farm’s Best is in the midst of a reverse takeover exercise by [size=14]SHH Holdings Sdn Bhd. The latter will inject into the company its poultry business in China for new shares. In December 2014, the conditional period to complete the corporate exercise, including the proposed acquisition, was extended to 11th June 2015.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on March 19, 2015.
[/size]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Stocks With Momentum Spritzer, Farm’s Best, CWorks, NTPM
» Stocks With Momentum EKA Noodles, Sern Kou, Farm's Best, CSC Steel, Cliq
» Stocks With Momentum IGB REIT, Sern Kou, Yen Global, EKA, Farm's Best, Aturmaju, Hap Seng, See Hup
» Stocks With Momentum Dominant, Hil Industries, Farm’s Best, Muda Holdings, Komarkcorp, Globetronics Technology and YFG
» Stock With Momentum: Farm's Best
» Stocks With Momentum EKA Noodles, Sern Kou, Farm's Best, CSC Steel, Cliq
» Stocks With Momentum IGB REIT, Sern Kou, Yen Global, EKA, Farm's Best, Aturmaju, Hap Seng, See Hup
» Stocks With Momentum Dominant, Hil Industries, Farm’s Best, Muda Holdings, Komarkcorp, Globetronics Technology and YFG
» Stock With Momentum: Farm's Best
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|