Bursa Alert
Global Market
NewsStock With Momentum: Vivocom Intl Holdings
Page 1 of 1
Stock With Momentum: Vivocom Intl Holdings
by Cals Tue 17 May 2016, 02:11
Stock With Momentum: Vivocom Intl Holdings
By Asia Analytica / The Edge Financial Daily | May 16, 2016 : 1:29 PM MYTThis article first appeared in The Edge Financial Daily, on May 16, 2016.
Vivocom Intl Holdings Bhd (+ve)
SHARES in Vivocom Intl Holdings Bhd (fundamental: 1.7/3, valuation: 0.2/3) triggered our momentum algorithm for the first time this year. The counter closed 1.5 sen or 4.2% lower at 34.5 sen last Friday, and was the most active counter on Bursa Malaysia with 118.22 million shares traded. This was higher than its 200-day average volume of 38.1 million shares.
Year to date, the group’s shares have climbed 23.2%. Its net profit for the first financial quarter ended March 31, 2016 (1QFY16) jumped 27 times to RM25.12 million, from RM923,000 a year ago, driven by the group’s construction business. Its revenue for 1QFY16 also rose 20 times to RM141.54 million from RM7.04 million.
Vivocom, formerly known as Instacom Group Bhd, was primarily involved in the provision of infrastructure development solutions for mobile phone operators and was not involved in construction a year ago.
The group is reported to be considering a bonus share issue or a free warrant issue to reward its shareholders.
At its current share price, Vivocom is trading at a trailing price-earnings ratio of 111.49 times and is 1.2 times its book value.
[You must be registered and logged in to see this image.]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My 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
Similar topics» Instacom changes name to Vivocom Intl Holdings
» Stock With Momentum: C.I. Holdings
» Stock With Momentum: WTK Holdings
» Stock With Momentum: NWP Holdings
» Stock With Momentum: Ta Ann Holdings
» Stock With Momentum: C.I. Holdings
» Stock With Momentum: WTK Holdings
» Stock With Momentum: NWP Holdings
» Stock With Momentum: Ta Ann Holdings
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum