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Stock With Momentum: Jerasia Capital
by Cals Wed 24 Jun 2015, 03:41
Stock With Momentum: Jerasia Capital
Jerasia Capital Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
SHARES of Jerasia (Fundamental: 0.8/3, Valuation: 1.7/3) have risen by 53.8% since it first triggered our momentum alert on June 1, partly due to its strong 4QFYMarch2015 earnings results. The stock was flagged by The Edge Markets as having a HIGH likelihood of corporate exercise.
For FY2015, net profit tripled to RM10.1 million on the back of a 4.5% revenue growth to RM335.4 million, thanks to unrealised forex gain as well as pre-GST spending rush.
Jerasia is mainly involved in contract manufacturing of fashion apparels for exports and retail for fashion garments and accessories. Retail brands include MNG Mango, Nike and Terranova.
The company’s revenue and profit grew from FY2010 to FY2013. However, in FY2014, revenue remained flat at RM320.9 million while net profit fell 53.1% to RM3.3 million due to its dissociation with Calvin Klein Jeans brand and increased expenses from new shop openings, refurbishments and the launch of a new brand.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on June 23, 2015.
Jerasia Capital Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
SHARES of Jerasia (Fundamental: 0.8/3, Valuation: 1.7/3) have risen by 53.8% since it first triggered our momentum alert on June 1, partly due to its strong 4QFYMarch2015 earnings results. The stock was flagged by The Edge Markets as having a HIGH likelihood of corporate exercise.
For FY2015, net profit tripled to RM10.1 million on the back of a 4.5% revenue growth to RM335.4 million, thanks to unrealised forex gain as well as pre-GST spending rush.
Jerasia is mainly involved in contract manufacturing of fashion apparels for exports and retail for fashion garments and accessories. Retail brands include MNG Mango, Nike and Terranova.
The company’s revenue and profit grew from FY2010 to FY2013. However, in FY2014, revenue remained flat at RM320.9 million while net profit fell 53.1% to RM3.3 million due to its dissociation with Calvin Klein Jeans brand and increased expenses from new shop openings, refurbishments and the launch of a new brand.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on June 23, 2015.
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