Hot Stock SHL rises 4% on significantly better FY15 results, dividend

by **Cals** Fri 29 May 2015, 00:19

Hot Stock
SHL rises 4% on significantly better FY15 results, dividend

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By Joshua Lim / theedgemarkets.com | May 28, 2015 : 10:54 AM MYT

KUALA LUMPUR (May 28): [size=14]SHL Consolidated Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) rose as much as 4% after announcing fourth quarter net profit jumped 208% from a year earlier. The property developer also declared a dividend of 10 sen a share.

SHL (fundamental: 1.95; valuation: 2) rose as much as 15 sen to RM3.55 before paring gains. At 10am, SHL was traded at RM3.53 with some 400,000 shares transacted.

The company's share price compares with its latest reported net assets per share of RM2.88.

Yesterday, SHL said net profit jumped to RM44.25 million in the fourth quarter ended March 31, 2015 (4QFY15) from RM14.35 million. Revenue was higher at RM60.98 million versus RM37.77 million.

The improved quarterly results pulled its full-year net profit up to RM104.57 million from RM55.82 million a year earlier while revenue rose to RM230.3 million from RM204.93 million.

SHL's dividend of 10 sen a share for 4QFY15 brings full-year dividends to 17 sen a share.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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