Stock With Momentum: Lii Hen Industries
Page 1 of 1
Stock With Momentum: Lii Hen Industries
Stock With Momentum: Lii Hen Industries
By Asia Analytica / The Edge Financial Daily | May 24, 2016 : 11:14 AM MYTThis article first appeared in The Edge Financial Daily, on May 24, 2016.
Lii Hen Industries Bhd (+ve)
SHARES in Lii Hen Industries Bhd (fundamental: 2.5/3, valuation: 2.4/3) triggered our momentum algorithm for the first time this year as the stock price rose 16 sen or 6.38% to close at RM2.67 yesterday, after 4.08 million shares were traded.
In comparison, the stock’s 200-day average volume was 514,703 shares. Its share price has been trending upwards since the beginning of April; it has risen about 30.2% from RM2.05 on April 4.
Last Friday, the furniture maker proposed a first interim dividend of four sen per share for the financial year ending Dec 31, 2016 (FY16).
For its first quarter ended March 31, 2016 (1QFY16), Lii Hen’s net profit jumped 95.71% to RM21.02 million from RM10.74 million, on a higher revenue and better US dollar conversion rate.
Its revenue rose 47.56% to RM165.39 million from RM112.08 million.
The counter is trading at a trailing price-earnings ratio of 7.9 times and is two 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: Lii Hen Industries
» Stock With Momentum: B.I.G. Industries Bhd (+ve)
» Stock With Momentum: Hwa Tai Industries
» Stock With Momentum: Hwa Tai Industries
» Stock With Momentum: EG Industries
» Stock With Momentum: B.I.G. Industries Bhd (+ve)
» Stock With Momentum: Hwa Tai Industries
» Stock With Momentum: Hwa Tai Industries
» Stock With Momentum: EG Industries
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum