MKH Bhd (+ve)
SHARES of MKH Bhd (Fundamental: 0.8/3, Valuation: 2.4/3) triggered our momentum algorithm for the second time this year. The counter rose as much as 14 sen or 5.42% to RM2.72 yesterday, before paring gains to end 9 sen or 3.49% higher at RM2.67, with some 1.45 million shares traded. Its 200-day average volume was at 202,784 shares. Its share price has gained about 29% since Jan 26.
MKH principally engaged in the property development and construction as well as oil palm cultivation in Indonesia.
For the first financial quarter ended Dec 31, 2015 (1QFY16), MKH posted a net profit of RM61.57 million, an increase of 104.34% from RM30.13 million a year ago. Revenue rose 28.29% to RM266.37 million from RM207.63 million.
The stock currently trades at a trailing 12-month P/E of 9.19 times and is at 0.99 times book value. Its 12-month dividend yield is at 2.71%.
MKH (6114) - Stock With Momentum: MKH http://www.theedgemarkets.com/my/article/stock-momentum-mkh
