Tadmax Resources Bhd (-ve)
SHARES of Tadmax Resources Bhd (Fundamental: 2/3, Valuation: 0.9/3) triggered our momentum algorithm for the third time this year.
There were 7.09 million shares traded yesterday, compared to its 200-day average volume of 371,489 shares. It closed 2.5 sen or 6.76% higher at 39.5 sen.
In the fourth quarter ended Dec 31, 2015 (4QFY15), Tadmax posted a net profit of RM1.8 million versus a net loss of RM9.34 million a year ago. Revenue surged 3.7 times to RM8.81 million from RM2.38 million.
For the full year, Tadmax turnaround with a net profit of RM68.09 million, compared to a net loss of RM15.74 million in FY14.
However, revenue fell 41.66% to RM13.18 million from RM22.59 million in FY14.
The stock currently trades at a trailing 12-month P/E of 2.42 times and is at 0.67 times book value.
TADMAX (4022) - Stock With Momentum: Tadmax Resources
http://www.theedgemarkets.com/my/article/stock-momentum-tadmax-resources-1
