By Asia Analytica / The Edge Financial Daily | August 8, 2016 : 10:38 AM MYT
PENTA (7160) - Stock With Momentum: Pentamaster Corp
This article first appeared in The Edge Financial Daily, on August 8, 2016.
Pentamaster Corp Bhd (-ve)
SHARES in Pentamaster Corp Bhd (fundamental: 3/3, valuation: 1.5/3) triggered our momentum algorithm last Friday as its share price gained by a half sen or 0.5% to RM1, after 7.5 million shares changed hands. At the current price, Pentamaster has a market capitalisation of RM146.57 million.Last Thursday, Pentamaster announced its net profit doubled to RM6.66 million in the second quarter ended June 30, 2016, from RM3.25 million a year ago, on higher revenue and better product mix.
The Penang-based automation solutions and service provider’s revenue surged 61.2% to RM38.85 million from RM24.09 million.
The higher revenue was mainly due to higher sales from both its automated equipment and automated manufacturing solution operating segments, and contribution from its smart control solution system. In the six months ended Dec 31, 2016 (1HFY16), net profit jumped 96.6% to RM9.83 million from RM5 million in 1HFY15, as revenue gained 55.3% to RM67.45 million from RM43.44 million. The group has a positive view of the market in 2HFY16 based on the current order book at hand.
PENTA (7160) - Stock With Momentum: Pentamaster Corp
http://www.theedgemarkets.com/my/article/stock-momentum-pentamaster-corp
