Cypark Resources Bhd (+ve)
SHARES of Cypark Resources Bhd (Fundamental: 1.3/3, Valuation: 1.3/3) closed 9 sen or 4.69% higher at RM2.01 yesterday with some 1.11 million shares traded versus its 200-day average volume of 362,990 shares.
The counter triggered our momentum algorithm for the second time within a month’s time.
The counter has been on an upward trend since end of February and has risen about 22.5% since then.
Cypark is an integrated environmental engineering and technology provider. The services it provides include landfill restoration, waste water management and treatment as well as integrated conception-to-maintenance cycle of solar farm.
For the first financial quarter ended Jan 31, 2016 (1QFY16), Cypark’s net profit grew 19.56% to RM10.21 million from RM8.54 million a year ago. Revenue rose 14.8% to RM68.79 million from RM59.92 million in 1QFY15.
The stock currently trades at a trailing 12-month P/E of 10.57 times and is at 1.24 times book value.
CYPARK (5184) - Stock With Momentum: Cypark Resources
http://www.theedgemarkets.com/my/article/stock-momentum-cypark-resources
