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Stock With Momentum: Signature International

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Stock With Momentum: Signature International Empty Stock With Momentum: Signature International

Post by Cals Tue 19 May 2015, 00:13

Stock With Momentum: Signature International

SIGNATURE INTERNATIONAL BHD ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
SIGNATURE (Fundamental: 2.3/3, Valuation: 1.5/3) gained much investor interest last week, as its stock price rose a cumulative 11% to a new 3-year high of RM 2.60. 

Signature is due to announce its 3QFYJune2015 earnings results by the end of this month. Investors may be expecting better performance, following its impressive results in 1HFY2015. 
Last month, the company appointed Lim Mee Ding as a Director of Finance, after the resignation of its Financial Controller.
Since January, HSC Healthcare Sdn Bhd, one of the substantial shareholders of Signature has been paring down its 16.75% stake in a series of off market trades. HSC Healthcare ceased to be a substantial shareholder on April 15 after disposing of 3.5 million shares.
Signature designs and manufactures kitchen cabinets for both retail and corporate projects. Its order book, currently hovering around RM200 million, is set to grow as ongoing property projects are progressively completed.
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This article first appeared in The Edge Financial Daily, on May 18, 2015.
Cals
Cals
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Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
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