MINHO (5576) - Stocks With Momentum: Minho
Minho (M) Bhd (-ve)
MINHO (Fundamental: 1.25/3, Valuation: 1.4/3) mainly manufactures and supplies logs, processed timber products and industrial grade sack kraft paper bags. It is also involved in property development and the provision of kiln drying and chemical preservative treatment services for tropical hardwood.
Over the past 3 years, the stock has periodically attracted buying interest. Yesterday, it rose 5.4% to close at 97 sen. Volume traded jumped to 620,100 shares, from its average 200-day trading volume of 45,485 shares.
Earnings-wise, however, the picture is less rosy. Revenue for 2013 fell to RM227.2 million from RM271.3 million in 2012. Although net profit rose to RM16.4 million, from RM13.4 million, this was due, mainly, to one-off gain on disposal of assets amounting to RM10.2 million.
For 2014, revenue increased 5.6% to RM238.6 million but profit was lower at RM5.8 million, in the absence of one-off gain and lower contribution from the property development segment.
http://www.theedgemarkets.com
Minho (M) Bhd (-ve)
MINHO (Fundamental: 1.25/3, Valuation: 1.4/3) mainly manufactures and supplies logs, processed timber products and industrial grade sack kraft paper bags. It is also involved in property development and the provision of kiln drying and chemical preservative treatment services for tropical hardwood.
Over the past 3 years, the stock has periodically attracted buying interest. Yesterday, it rose 5.4% to close at 97 sen. Volume traded jumped to 620,100 shares, from its average 200-day trading volume of 45,485 shares.
Earnings-wise, however, the picture is less rosy. Revenue for 2013 fell to RM227.2 million from RM271.3 million in 2012. Although net profit rose to RM16.4 million, from RM13.4 million, this was due, mainly, to one-off gain on disposal of assets amounting to RM10.2 million.
For 2014, revenue increased 5.6% to RM238.6 million but profit was lower at RM5.8 million, in the absence of one-off gain and lower contribution from the property development segment.
http://www.theedgemarkets.com
