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Stock With Momentum: CCK Consolidated Holdings
by Cals Sat 05 Dec 2015, 00:01
Stock With Momentum: CCK Consolidated Holdings
By Asia Analytica / The Edge Financial Daily | December 4, 2015 : 10:29 AM MYTThis article first appeared in The Edge Financial Daily, on December 4, 2015.
[size=16]CCK Consolidated Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.00) (-ve)
CCK (Fundamental: 1/3, Valuation: 1.4/3) triggered our momentum algorithm for the first time yesterday. The stock has risen by 11.9% to close at 84.5 sen since announcing its 3Q2015 results last Friday.
For 3Q2015, net profit surged 67.1% y-y to RM3.9 million while revenue grew 10.5% to RM135.7 million, mainly due to higher business volume from new stores/outlets. The seafood division also recorded better performance.
Kuching-based CCK is mainly involved in the retail of cold storage products and the production of poultry products, mainly in Sarawak. These divisions accounted for 74.7% and 19.4% of revenue in FY2014, respectively. The company also produces prawn and seafood products. Export, mainly to Indonesia, accounted for 8.8% of revenue in 2014.
The stock trades at a trailing P/E of 12.3 times and 0.8 times book. The company has consistently paid dividends, since 2002. Dividends totaled 2 sen per share for 2014, giving a yield of 2.4%.
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