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Stocks With Momentum: LFE Corporation
by Cals Wed 08 Apr 2015, 20:09
Stocks With Momentum: LFE Corporation
By theedgemarkets.com / theedgemarkets.com | April 8, 2015 : 11:31 AM MYT
[size=14]LFE Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
LFE (Fundamental: 0.15/3, Valuation: 0.8/3) was ‘Red Flagged’ by the system, suggesting that investors should exercise caution while trading given its low fundamental score. It has gearing of over 109%.
Earnings for LFE – a PN17 company – have been erratic over the past 5 years. The company provides mechanical and electrical engineering services. For 1HFY15, profit increased 55.7% y-y to RM0.523 despite an 11.5% y-y drop in revenue.
Since announcing its second quarter results on March 26, LFE has gained 70.8% to close at 20.5 sen yesterday, near its previous one-year high of 21.5 sen reached last September. Volume traded surged to over 2.4 million shares, from its average 200-day trading volume of only 111,581 shares.
Additionally, the company secured a RM350 million engineering, procurement and construction contract for Shapadu City Village in Putrajaya in December. The project is expected to be completed within 36 months.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on April 8, 2015.
[/size]
By theedgemarkets.com / theedgemarkets.com | April 8, 2015 : 11:31 AM MYT
[size=14]LFE Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
LFE (Fundamental: 0.15/3, Valuation: 0.8/3) was ‘Red Flagged’ by the system, suggesting that investors should exercise caution while trading given its low fundamental score. It has gearing of over 109%.
Earnings for LFE – a PN17 company – have been erratic over the past 5 years. The company provides mechanical and electrical engineering services. For 1HFY15, profit increased 55.7% y-y to RM0.523 despite an 11.5% y-y drop in revenue.
Since announcing its second quarter results on March 26, LFE has gained 70.8% to close at 20.5 sen yesterday, near its previous one-year high of 21.5 sen reached last September. Volume traded surged to over 2.4 million shares, from its average 200-day trading volume of only 111,581 shares.
Additionally, the company secured a RM350 million engineering, procurement and construction contract for Shapadu City Village in Putrajaya in December. The project is expected to be completed within 36 months.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on April 8, 2015.
[/size]
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