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Hot Stock Ge-Shen gains 25% on 3Q results
by Cals Wed 11 Nov 2015, 22:08
Hot Stock
Ge-Shen gains 25% on 3Q results
By Ahmad Naqib Idris / theedgemarkets.com | November 11, 2015 : 12:13 PM MYT
KUALA LUMPUR (Nov 11): Plastic-component manufacturer Ge-Shen Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 1.80) was among Bursa Malaysia top gainers, after posting a significant improvement in its net profit for the third quarter ended Sept 30, 2015 (3QFY15).
On Monday (Nov 9), Ge-Shen reported a net profit of RM7.39 million in 3QFY15, compared to RM288,000 a year earlier. Cumulative nine-month net profit rose to RM10.86 million, from RM1.28 million a year earlier.
Today, Ge-Shen shares jumped as much as 36 sen or 25% to RM1.82. At 10:47am, the counter pared gains at RM1.68, with some 5.4 million shares done.
At 11:53am, the stock changed hands at RM1.69 to become the fourth-largest gainer.
(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.)
Ge-Shen gains 25% on 3Q results
By Ahmad Naqib Idris / theedgemarkets.com | November 11, 2015 : 12:13 PM MYT
KUALA LUMPUR (Nov 11): Plastic-component manufacturer Ge-Shen Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 1.80) was among Bursa Malaysia top gainers, after posting a significant improvement in its net profit for the third quarter ended Sept 30, 2015 (3QFY15).
On Monday (Nov 9), Ge-Shen reported a net profit of RM7.39 million in 3QFY15, compared to RM288,000 a year earlier. Cumulative nine-month net profit rose to RM10.86 million, from RM1.28 million a year earlier.
Today, Ge-Shen shares jumped as much as 36 sen or 25% to RM1.82. At 10:47am, the counter pared gains at RM1.68, with some 5.4 million shares done.
At 11:53am, the stock changed hands at RM1.69 to become the fourth-largest gainer.
(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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