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Stock With Momentum: AMPROP

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Stock With Momentum: AMPROP

Post by Cals Wed 11 Nov 2015, 00:01

Stock With Momentum: AMPROP

By Asia Analytica / The Edge Financial Daily | November 9, 2015 : 10:28 AM MYT

This article first appeared in The Edge Financial Daily, on November 9, 2015.

[size=16]Amcorp Properties Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 2.30) (-ve)
SINCE announcing its 2QFYMar2016 earnings results on Wednesday, shares of AMPROP (Fundamental: 2.3/3, Valuation: 2.4/3) have risen by 7.1% to close at 97.5 sen last Friday, on rising volume.
For 1HFY2016, revenue declined 11.3% y-o-y to RM75.5 million, mainly due to weaker property sales in Malaysia. Net profit, however, tripled to RM78.5 million, boosted by a one-off gain of RM57.8 million from the disposal of Merchant Square in London. Net cash stands at RM175.7 million. However, it also has capital commitments totalling RM348.9 million for overseas investments.
AMPROP is currently involved in a township project in Sibu Jaya, Sarawak as well as various joint development projects in London and Tokyo. Besides property development, the company also provides engineering turnkey solutions and invests in renewable energy.
The stock trades at a trailing P/E of 6.5 times and half its book value. Dividends for FY2015 totalled 3 sen per share, giving a net yield of 3.1%.
[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
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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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