OPCOM (0035) - Stocks With Momentum: Opcom
Opcom Holdings Bhd (-ve)
ACE market-listed Opcom (fundamental: 2.2/3; valuation: 1.8/3) added 11 sen or 17.9% over the last three days to close at 72.5 sen last Friday. The fibre optic cable manufacturer stands to benefit from the roll-out of High Speed Broadband Phase Two (HSBB2). The project, awarded to TM two weeks ago, will cost RM1.8 billion over a period of ten years.
For 9MFYMar15, net profit doubled to RM2.6 million on the back of a 61.6% increase in revenue (to RM56.5 million) boosted by higher cables and accessories sales. In FY2014, net profit had plunged 78.5% to RM2.8 million, affected by intense competition from foreign suppliers.
Opcom has a debt-free balance sheet with net cash of RM48.3 million, or 30 sen per share. The stock trades at a trailing P/E of 26.2 times and 1.46 times its book value. Dividends totalled 4.8 sen per share (adjusted for 1-4 bonus) in FY2014, giving a yield of 6.6%.
http://www.theedgemarkets.com/my/article/stocks-momentum-opcom
Opcom Holdings Bhd (-ve)
ACE market-listed Opcom (fundamental: 2.2/3; valuation: 1.8/3) added 11 sen or 17.9% over the last three days to close at 72.5 sen last Friday. The fibre optic cable manufacturer stands to benefit from the roll-out of High Speed Broadband Phase Two (HSBB2). The project, awarded to TM two weeks ago, will cost RM1.8 billion over a period of ten years.
For 9MFYMar15, net profit doubled to RM2.6 million on the back of a 61.6% increase in revenue (to RM56.5 million) boosted by higher cables and accessories sales. In FY2014, net profit had plunged 78.5% to RM2.8 million, affected by intense competition from foreign suppliers.
Opcom has a debt-free balance sheet with net cash of RM48.3 million, or 30 sen per share. The stock trades at a trailing P/E of 26.2 times and 1.46 times its book value. Dividends totalled 4.8 sen per share (adjusted for 1-4 bonus) in FY2014, giving a yield of 6.6%.
http://www.theedgemarkets.com/my/article/stocks-momentum-opcom
