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Stock With Momentum: Supercomnet Technologies

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Stock With Momentum: Supercomnet Technologies

Post by Cals Fri 06 May 2016, 01:25

Stock With Momentum: Supercomnet Technologies

By Asia Analytica / The Edge Financial Daily | May 5, 2016 : 10:25 AM MYT

This article first appeared in The Edge Financial Daily, on May 5, 2016.

Supercomnet Technologies Bhd (+ve)
Supercomnet Technologies Bhd (fundamental: 2.05/3, valuation: 1.70/3) triggered our momentum algorithm for the first time this year, following trades of 2.71 million shares yesterday, compared with the 200-day average volume of 449,365 shares.
The counter closed one sen or 8% higher at 13.5 sen, the highest point yesterday. The closing price was close to its 52-week high of 14.5 sen on May 11, 2015.
According to Bursa Malaysia, the group on April 29 announced a single-tier final dividend of four sen per share for the financial year ended Dec 31, 2015 (FY15), to be paid on June 9 this year.
For FY15, the group recorded a total revenue of RM34.9 million compared with the preceding year’s RM33.53 million. Its net profit surged 284% to RM2.98 million, from RM777,000 a year ago.
The Kedah-based company manufactures wires and cables for the automotive industries. The bulk of its earnings comes from its associate, Supercomal Medical Products, which manufactures cables for medical devices.
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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
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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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