FRONTKN (0128) - Stocks With Momentum: Frontken
April 13, 2015 : 11:37 AM MYT
Frontken Coorporation Bhd (-ve)
Frontken (Fundamental: 1.8/3, Valuation: 1.1/3) was the most actively traded stock last Friday with more than 177 million shares changing hands. It closed up 2.5 sen or 13.2% to 3-year high of 21.5 sen.
Frontken provides surface and mechanical engineering services to a wide range of heavy industries such as oil & gas, power generation and semiconductor.
For 2014, revenue saw a significant 62.6% increase to RM309.8 million. Domestic market accounted for about half of total revenue, with the balance coming from, mainly, Taiwan and Singapore.
Net profit surged to RM18.8 million, a reversal from net loss of RM2.3 million in 2013, due to stronger demand from the semiconductor industry and progressive income recognition from a hydrocarbon project in Tanjung Bin, Johor.
Frontken has a net cash position of RM28.8 million. The stock is trading at a trailing 12-month P/E of 10.6 times and 0.96 times book value of 24 sen.
http://www.theedgemarkets.com/
April 13, 2015 : 11:37 AM MYT
Frontken Coorporation Bhd (-ve)
Frontken (Fundamental: 1.8/3, Valuation: 1.1/3) was the most actively traded stock last Friday with more than 177 million shares changing hands. It closed up 2.5 sen or 13.2% to 3-year high of 21.5 sen.
Frontken provides surface and mechanical engineering services to a wide range of heavy industries such as oil & gas, power generation and semiconductor.
For 2014, revenue saw a significant 62.6% increase to RM309.8 million. Domestic market accounted for about half of total revenue, with the balance coming from, mainly, Taiwan and Singapore.
Net profit surged to RM18.8 million, a reversal from net loss of RM2.3 million in 2013, due to stronger demand from the semiconductor industry and progressive income recognition from a hydrocarbon project in Tanjung Bin, Johor.
Frontken has a net cash position of RM28.8 million. The stock is trading at a trailing 12-month P/E of 10.6 times and 0.96 times book value of 24 sen.
http://www.theedgemarkets.com/
