Stock With Momentum: KESM Industries
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Stock With Momentum: KESM Industries
Stock With Momentum: KESM Industries
By Asia Analytica / The Edge Financial Daily | January 7, 2016 : 10:36 AM MYTThis article first appeared in The Edge Financial Daily, on January 7, 2016.
[size=16]KESM Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 2.50) (-ve)
SHARES of KESM (Fundamental: 2.5/3, Valuation: 2/3) have risen a cumulative 10.3% since it last triggered our momentum alert on Oct 22, 2015. The stock closed at a one-year high of RM5.48 yesterday.
The company is involved in specialized electronic manufacturing activities, particularly the provision of ‘burn-in’ services to the semiconductor industry. In FYJul2015, KESM derived 78% of its revenue from Malaysia, with the remaining 22% from China.
For 1QFY16, net profit grew an outsized 192.4% to RM8.1 million, on the back of a marginal increase in revenue to RM70.2 million. The increase was attributed to lower employee benefit and other expenses as well as forex gains of RM2.1 million.
Last October, KESM declared a final dividend of 3 sen per share for FY15, which brings total dividends for the financial year to 6 sen — a yield of 1.1% at current price. The final dividend will go ‘ex’ on Jan 15.
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