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Hot Stock Top gainer Tieh Wah nears limit up on better 3Q profit
by Cals Thu 12 Nov 2015, 23:30
- Hot Stock
[size=28]Top gainer Tieh Wah nears limit up on better 3Q profit
By Gho Chee Yuan / theedgemarkets.com | November 12, 2015 : 11:06 AM MYTKUALA LUMPUR (Nov 12): Tien Wah Press Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 3.00, Fundamental: 1.80) rose as much as 54 sen or 29.7% after the printing entity posted a significant 298% increase in third quarter net profit, from a year earlier.
Tien Wah told the stock exchange yesterday (Nov 11) that it registered a net profit of RM14.61 million in the third quarter ended Sept 30, 2015 (3QFY15), compared to RM3.67 million.
For 9MFY15, net profit grew on year to RM22.2 million, from RM12.75 million.
Today, Tien Wah shares rose to RM2.36, the stock's highest so far. The stock erased part of its gain to trade at RM2.28 at 10.42am, with 555,200 shares done.
(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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