COMCORP (7195) - Stocks With Momentum: Comintel
COMCORP 康明电机构 7195 COMINTEL CORPORATION BHD.
March 25, 2015 : 11:05 AM MYT
Comintel Corporation Bhd (+ve)
COMINTEL (Fundamental: 0.35/3, Valuation: 1.2/3) manufactures electronic components, provides telecommunication and systems integration solutions as well as testing and repair maintenance for the defence industry.
The company has been in the red since FYJan2010, except for FY2013 where it made a net profit of RM3.46 million, due to stronger demand from manufacturing. Manufacturing accounted for 93% of total revenue in FY2014. This segment caters wholly to export, predominantly to North American markets.
For 9MFY2015, Comintel recorded a net loss of RM1.97 million, due to net loss of RM6.26 million for its telecommunication and systems integration segment.
In November last year, Comintel completed a Sale and Leaseback agreement with AmanahRaya REIT on a freehold land in Bandar Glenmarie, Selangor, for total cash consideration of RM30 million. This will improve its net debt position, which totaled some RM40 million at end-October 2014. Gearing stood at nearly 43%.
This article first appeared in The Edge Financial Daily, on March 25, 2015.
http://www.theedgemarkets.com/my
COMCORP 康明电机构 7195 COMINTEL CORPORATION BHD.
March 25, 2015 : 11:05 AM MYT
Comintel Corporation Bhd (+ve)
COMINTEL (Fundamental: 0.35/3, Valuation: 1.2/3) manufactures electronic components, provides telecommunication and systems integration solutions as well as testing and repair maintenance for the defence industry.
The company has been in the red since FYJan2010, except for FY2013 where it made a net profit of RM3.46 million, due to stronger demand from manufacturing. Manufacturing accounted for 93% of total revenue in FY2014. This segment caters wholly to export, predominantly to North American markets.
For 9MFY2015, Comintel recorded a net loss of RM1.97 million, due to net loss of RM6.26 million for its telecommunication and systems integration segment.
In November last year, Comintel completed a Sale and Leaseback agreement with AmanahRaya REIT on a freehold land in Bandar Glenmarie, Selangor, for total cash consideration of RM30 million. This will improve its net debt position, which totaled some RM40 million at end-October 2014. Gearing stood at nearly 43%.
This article first appeared in The Edge Financial Daily, on March 25, 2015.
http://www.theedgemarkets.com/my
