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Stock With Momentum: Technodex
by Cals Sat 02 Jul 2016, 03:35
Stock With Momentum: Technodex
By Asia Analytica / The Edge Financial Daily | July 1, 2016 : 10:49 AM MYT- [You must be registered and logged in to see this image.]
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This article first appeared in The Edge Financial Daily, on July 1, 2016.
Technodex Bhd (+ve)
SHARES in Technodex Bhd (fundamental: 1.8/3, valuation: 0.3/3) triggered our momentum algorithm yesterday, the first time since 2014. The counter closed 0.5 sen or 3.7% to close at 13 sen yesterday.
It saw 3.91 million shares traded, compared to its 200-day average volume of 310,203 shares.
The IT products and human resource solutions provider turned around in the fourth quarter ended April 30, 2016, with a net profit of RM237,000, compared to a net loss of RM238,000 a year earlier, on lower operating expenses. Revenue, however, fell 38.99% to RM5.79 million, from RM9.49 million.
For the full year, it returned to the black with a net profit of RM297,000, compared to a net loss of RM252,000 in FY15, as revenue improved 18.8% to RM23.95 million, from RM20.16 million
At its current share price, Technodex is trading at a trailing price-earnings ratio of 170.64 times and is 1.63 times of its book value.
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