LCTH (5092) - Stocks With Momentum: LCTH
March 27, 2015 : 11:47 AM MYT
Lcth Corporation Bhd (+ve)
LCTH (Fundamental: 2.5/3, Valuation: 1.2/3) manufactures precision plastic components and fabricates precision mould and dies.
The company’s shares gained 11% yesterday, closing at a historical high of 40.5 sen.
LCTH fell into the red in 2010, due, in part, to the loss of a major customer and the resulting dip in utilisation. It managed to fill this vacuum by securing a key MNC customer by end-2011. Revenue increased but it remained loss-making.
In 2013, LCTH posted a net profit of RM15.8 million for FY2013, thanks to one-off RM18.6 million gain on disposal of assets.
Revenue slumped 39% y-y in 2014, but underlying operations improved as the company focused on higher margin projects following a restructuring exercise in the previous year.
As end-December 2014, LCTH has net cash of RM98.5 million or 27 sen per share, equivalent to 67% of its current share price. No dividends were paid since 2010.
http://www.theedgemarkets.com
March 27, 2015 : 11:47 AM MYT
Lcth Corporation Bhd (+ve)
LCTH (Fundamental: 2.5/3, Valuation: 1.2/3) manufactures precision plastic components and fabricates precision mould and dies.
The company’s shares gained 11% yesterday, closing at a historical high of 40.5 sen.
LCTH fell into the red in 2010, due, in part, to the loss of a major customer and the resulting dip in utilisation. It managed to fill this vacuum by securing a key MNC customer by end-2011. Revenue increased but it remained loss-making.
In 2013, LCTH posted a net profit of RM15.8 million for FY2013, thanks to one-off RM18.6 million gain on disposal of assets.
Revenue slumped 39% y-y in 2014, but underlying operations improved as the company focused on higher margin projects following a restructuring exercise in the previous year.
As end-December 2014, LCTH has net cash of RM98.5 million or 27 sen per share, equivalent to 67% of its current share price. No dividends were paid since 2010.
http://www.theedgemarkets.com
