By Asia Analytica / The Edge Financial Daily | July 14, 2016 : 10:36 AM MYT
This article first appeared in The Edge Financial Daily, on July 14, 2016.
SHARES in SLP Resources Bhd (fundamental: 3/3, valuation: 1.1/3) slipped by 0.66% or two sen to RM3, which is close to its all-time high of RM3.05, after 5.32 million shares were traded yesterday, compared with its 200-day average volume of 285,091.
The group’s share price has been rallying since July 1, when it closed at RM2.72.
SLP last featured in “Stocks with Momentum” on June 14, when it closed at RM2.80.
Since then, its share price has increased by 7.14% to its current level. Year to date, the share price has gained 57.89%, and is now more than double from the price it was at a year ago.
The company has a strong balance sheet, with a cash ratio of 1.22 times and a current ratio of 4.21 times, which is reflected in its fundamental score.
At its current price level, the stock is trading at a trailing price-earnings ratio of 26.6 times and is 6.5 times its book value.
SLP (7248) - Stock With Momentum: SLP Resources
http://www.theedgemarkets.com/my/article/stock-momentum-slp-resources-1
