ASIAPLY (0105) - Stocks With Momentum: Asia Poly
April 21, 2015 : 10:48 AM MYT
Asia Poly Holding Bhd (-ve)
Shares for Asia Poly (Fundamental: 0.55/3, Valuation: 0.8/3) rallied since the start of April to a three-year high of 43.5 sen last week. This came after the Lim family ceased to be substantial shareholders after disposing their shares.
Trading has since retraced slightly but saw renewed volume yesterday with over a million shares traded. In addition, 11.1 million shares were transacted in off-market transactions. Despite this, the stock ended unchanged at 43 sen.
For the past three years, Asiapoly’s financial performance has been fairly unexciting, with net profit ranging between RM0.7 million and RM1.4 million on revenue of RM69 million to RM80 million. The stock is trading at 1.7 book, with a trailing 12-month P/E of 50.4 times.
The company is one of the largest domestic suppliers of A-Cast branded cast acrylic sheets used in various industries including the building, food and catering, transport and medical industries.
http://www.theedgemarkets.com
April 21, 2015 : 10:48 AM MYT
Asia Poly Holding Bhd (-ve)
Shares for Asia Poly (Fundamental: 0.55/3, Valuation: 0.8/3) rallied since the start of April to a three-year high of 43.5 sen last week. This came after the Lim family ceased to be substantial shareholders after disposing their shares.
Trading has since retraced slightly but saw renewed volume yesterday with over a million shares traded. In addition, 11.1 million shares were transacted in off-market transactions. Despite this, the stock ended unchanged at 43 sen.
For the past three years, Asiapoly’s financial performance has been fairly unexciting, with net profit ranging between RM0.7 million and RM1.4 million on revenue of RM69 million to RM80 million. The stock is trading at 1.7 book, with a trailing 12-month P/E of 50.4 times.
The company is one of the largest domestic suppliers of A-Cast branded cast acrylic sheets used in various industries including the building, food and catering, transport and medical industries.
http://www.theedgemarkets.com
