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Bonia Corp gains 10.4% after intellectual property rights deal
by Cals Sun 27 Sep 2015, 17:22
- Hot Stock
[size=28]Bonia Corp gains 10.4% after intellectual property rights deal
By Danial Idraki / theedgemarkets.com | September 25, 2015 : 12:13 PM MYTKUALA LUMPUR (Sept 23): Shares of Bonia Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.20, Fundamental: 1.30) gained 10.4% or 7.5 sen, after its subsidiaries BB Global Holdings Pte Ltd (BBGH) acquired intellectual property rights from Braum GmbH & Co KG (BBKG) in a deal worth EUR1.88 million (equivalent to RM9.21 million).
At 11.53pm, Bonia traded at 79.5 sen, with 7.7 million shares having exchanged hands.
Its share price gives the group a market capitalisation of RM596.65 million.
Year-to-date (YTD), Bonia’s shares have declined 18.32%, underperforming FBM KLCI’s YTD dip of 8.62%.
The clothing manufacturer reported a net profit of RM5.41 million or 0.67 sen a share for the fourth quarter financial year ended June 30, 2015 (4QFY15), a 39.3% drop from RM8.92 million or 1.11 sen a share a year ago.
Revenue for the period also dipped slightly to RM148.3 million, from RM165.86 million in 4QFY14.
(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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