HWGB (9601) - Stocks With Momentum: Ho Wah Genting
April 13, 2015 : 11:33 AM MYT
Ho Wah Genting Bhd (-ve)
Ho Wah Genting Bhd (HWGB) (Fundamental: 0.35/3, Valuation: 0.3/3) is mainly involved in manufacturing and trading of wires and cables, moulded power supply cord sets and cable assemblies for electrical and electronic devices.
Its share price has risen steadily this year, after falling to a 3-year low of 11.5 sen in mid-December 2014. The stock gained 17.9% last week on rising volume to close at 16.5 sen.
HWGB has been in the red since 2011. Revenue for 2014 declined 16.5% y-y to RM191.4 million on lower demand for wires and cables. Pre-tax losses was slightly lower at RM22.8 million, from RM25.8 million in 2013, due to lower impairments on securities investments.
The company is hopeful that a stronger housing market in the US, its primary market, will result in better performance going forward, although competition is expected to remain intense.
Gearing is high at 57.8% as end-2014 while interest cover is negative.
http://www.theedgemarkets.com
April 13, 2015 : 11:33 AM MYT
Ho Wah Genting Bhd (-ve)
Ho Wah Genting Bhd (HWGB) (Fundamental: 0.35/3, Valuation: 0.3/3) is mainly involved in manufacturing and trading of wires and cables, moulded power supply cord sets and cable assemblies for electrical and electronic devices.
Its share price has risen steadily this year, after falling to a 3-year low of 11.5 sen in mid-December 2014. The stock gained 17.9% last week on rising volume to close at 16.5 sen.
HWGB has been in the red since 2011. Revenue for 2014 declined 16.5% y-y to RM191.4 million on lower demand for wires and cables. Pre-tax losses was slightly lower at RM22.8 million, from RM25.8 million in 2013, due to lower impairments on securities investments.
The company is hopeful that a stronger housing market in the US, its primary market, will result in better performance going forward, although competition is expected to remain intense.
Gearing is high at 57.8% as end-2014 while interest cover is negative.
http://www.theedgemarkets.com
