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Stock With Momentum: KESM Industries Bhd

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Stock With Momentum: KESM Industries Bhd

Post by Cals Fri 23 Oct 2015, 11:01

Stock With Momentum: KESM Industries Bhd

By Asia Analytica / The Edge Financial Daily | October 23, 2015 : 10:36 AM MYT

This article first appeared in The Edge Financial Daily, on October 23, 2015.

[size=16]KESM Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 2.50) (+ve)
Shares of KESM (Fundamental: 2.5/3 Valuation: 2/3) dropped 20 sen or 3.9% on heavy volume to close at RM4.90 yesterday. This came after it closed at a 5-year high of RM5.10 a day earlier. Nevertheless, the stock is still 8.9% higher than when it was last picked on Oct 2.
KESM is engaged in specialised electronic manufacturing activities, primarily the provision of burn-in services with a focus on the automotive market. Exports to China accounted for 23% of sales in 2014.
For FYJul2015, revenue increased RM8.8 million or 3.4% y-y to RM263.1 million due to higher demand from burn-in and testing services. However, net profit surged an outsized 28.4% y-y to RM21 million as the company benefited from foreign exchange and disposal gains totalling RM2.5 million.
Moving forward, KESM’s earnings should be boosted by its acquisition of the remaining 34.6% stake in KESM Test (M) Sdn Bhd it does not own for RM35 million cash on May 13.
[You must be registered and logged in to see this image.]

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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

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