XINGHE (0095) - Stocks With Momentum: XingHe
March 13, 2015 : 10:34 AM MYT
XingHe Holdings Bhd (-ve)
XINGHE (Fundamental: 1.2/3, Valuation: 1.2/3), formerly known as Key West Global Telecommunications Berhad ( Financial Dashboard), is principally engaged in the production, mixing and marketing of edible vegetable oil and peanut protein cake business in China. The company is one of the few Chinese listed stocks on the ACE market.
Under a reverse takeover exercise in April 2014, XingHe acquired its current business from Testa Holdings for RM210 million via issuance of new shares. As a result, the latter — and its controlling shareholders, Ma GuoLiang and Li Hui Jun — now holds a 63.15% in XingHe.
XingHe reported revenue totalling RM981.6 million and pre-tax profit of RM71.2 million for 2014. Excluding the one-off restructuring expense of RM29.6 million, the company would have posted pre-tax profit of RM100.8 million.
In October 2014, the company proposed a 1-for-2 bonus issue of warrants. The stock will trade ex-entitlement on March 20.
http://www.theedgemarkets.com
March 13, 2015 : 10:34 AM MYT
XingHe Holdings Bhd (-ve)
XINGHE (Fundamental: 1.2/3, Valuation: 1.2/3), formerly known as Key West Global Telecommunications Berhad ( Financial Dashboard), is principally engaged in the production, mixing and marketing of edible vegetable oil and peanut protein cake business in China. The company is one of the few Chinese listed stocks on the ACE market.
Under a reverse takeover exercise in April 2014, XingHe acquired its current business from Testa Holdings for RM210 million via issuance of new shares. As a result, the latter — and its controlling shareholders, Ma GuoLiang and Li Hui Jun — now holds a 63.15% in XingHe.
XingHe reported revenue totalling RM981.6 million and pre-tax profit of RM71.2 million for 2014. Excluding the one-off restructuring expense of RM29.6 million, the company would have posted pre-tax profit of RM100.8 million.
In October 2014, the company proposed a 1-for-2 bonus issue of warrants. The stock will trade ex-entitlement on March 20.
http://www.theedgemarkets.com
