Stock With Momentum: Yoong Onn Corp
Page 1 of 1
Stock With Momentum: Yoong Onn Corp
Stock With Momentum: Yoong Onn Corp
By Asia Analytica / The Edge Financial Daily | May 24, 2016 : 11:15 AM MYTThis article first appeared in The Edge Financial Daily, on May 24, 2016.
Yoong Onn Corp Bhd (-ve)
SHARES in Yoong Onn Corp Bhd (fundamental: 2.5/3, valuation: 3/3) also triggered our momentum algorithm yesterday for the first time this year.
The counter closed 4.5 sen or 4.67% higher at RM1.01 yesterday, with 1.34 million shares traded. In comparison, its 200-day average volume is only around 315,937 shares.
Yoong Onn is the designer, manufacturer, distributor and retailer of home linen and bedding accessories for domestic and export markets.
For its second financial quarter ended Dec 31, 2015 (2QFY16), its net profit fell 14.87% to RM5.61 million from RM6.59 million a year ago, mainly due to higher operating expenses and a lower other operating income.
Its revenue, however, was 2.25% higher at RM51.34 million on higher export and retail boutique sales.
The counter is trading at a trailing price-earnings ratio of 8.06 times and is 0.94 times its book value.
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
» Stock With Momentum: Yoong Onn Corp
» Stock With Momentum: Yoong Onn Corporation
» Stock With Momentum: MMC Corp
» Stock With Momentum: Imaspro Corp
» Stock With Momentum: Pentamaster Corp Bhd
» Stock With Momentum: Yoong Onn Corporation
» Stock With Momentum: MMC Corp
» Stock With Momentum: Imaspro Corp
» Stock With Momentum: Pentamaster Corp Bhd
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|