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Stock With Momentum: LB Aluminium
by Cals Tue 12 Jul 2016, 20:49
Stock With Momentum: LB Aluminium
By Asia Analytica / The Edge Financial Daily | July 12, 2016 : 10:20 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 12, 2016.
LB Aluminium Bhd (-ve)
SHARES in LB Aluminium Bhd (fundamental: 1/3, valuation: 2.6/3), which triggered our momentum algorithm yesterday, closed 2.5 sen or 4.13% higher at 63 sen yesterday with 5.38 million shares traded. Its 200-day average volume only stood at 344,942 shares.
LB Aluminium’s net profit jumped 123.66% to RM5.86 million in the fourth quarter ended April 30, 2016, from RM2.62 million a year ago, on better profit margins arising from the decrease in raw material prices, and lower provision for taxation.
Revenue, however, fell 6.52% to RM109.16 million from RM116.77 million.
For the full financial year ended April 30, 2016 (FY16), LB Aluminium’s net profit grew 19.18% to RM15.72 million from RM13.19 million in FY15. Revenue fell 2.12% to RM444.82 million from RM454.46 million.
LB Aluminium has proposed a first and final single-tier dividend of two sen per share for FY16. The stock is currently trading at a trailing 12-month price-earnings ratio of 9.56 times and is 0.58 times its book value.
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