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Stock With Momentum: CAB Cakaran Corporation

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Stock With Momentum: CAB Cakaran Corporation

Post by Cals Tue 08 Dec 2015, 01:24

Stock With Momentum: CAB Cakaran Corporation

By The Editor / TheEdge | December 7, 2015 : 10:16 AM MYT

This article first appeared in The Edge Financial Daily, on December 7, 2015.

[size=16]CAB Cakaran Corporation Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 0.55) (-ve)
Integrated poultry farmer CAB (Fundamental: 0.55/3, Valuation: 1.1/3) triggered our momentum algorithm for the second time since October 27. The stock has risen by 19.9% to RM1.69 since announcing its 4QFYSept2015 results last Friday.
For 4Q2015, revenue rose 46.6% y-y to RM262.8 million, boosted by higher sales from the integrated poultry farming and processing division. This includes contributions from newly acquired subsidiaries in Singapore. However, pre-tax profit — excluding a fair value gain on investment properties of RM6.4 million — fell 11.1% to RM9.9 million, mainly due to lower average selling prices of broilers.
Notably, CAB’s third largest shareholder Tan Chin Tee has acquired a total of 648,400 shares or 0.4% stake in the company last month. Tan now holds 8,184,100 shares or 5.4% stake in the company.
Penang-based CAB is primarily engaged in poultry farming and processing of chicken products. The company also has interests in supermarket (Jaya Gading) and fast food business (Kyros Kebab).
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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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