SYSTECH (0050) - Stocks With Momentum: Systech
Systech Bhd Systech
(Fundamental: 1.65/3, Valuation: 1.5/3) was last picked by our momentum algorithm on Jan 16, 2015. Since then, its share price has surged 34.4% to a multi-year high of 39 sen. The surge in price and volume attracted an unusual market activity (UMA) query from Bursa Malaysia yesterday. Systech was previously queried for UMA on Nov 21, 2014, following which its share price tumbled to a low of 16.5 sen, from 30 sen.
ACE market-listed Systech provides e-business solutions. Trailing 12-month P/E valuation is high at 38.65 times, but does reflect strong earnings growth over the period. Its 1HFYMarch2015 revenue increased 66.3% y-o-y to RM4.78 million, while net profit more than doubled to RM1.84 million. Net cash declined to RM2.16 million, from RM5.62 million as at end-FY2014, mainly due to expansion for cyber security solutions. Systech has a market capitalisation of RM114 million. It paid a small 0.3 sen per share dividend in FY14.
http://www.theedgemarkets.com
Systech Bhd Systech
(Fundamental: 1.65/3, Valuation: 1.5/3) was last picked by our momentum algorithm on Jan 16, 2015. Since then, its share price has surged 34.4% to a multi-year high of 39 sen. The surge in price and volume attracted an unusual market activity (UMA) query from Bursa Malaysia yesterday. Systech was previously queried for UMA on Nov 21, 2014, following which its share price tumbled to a low of 16.5 sen, from 30 sen.
ACE market-listed Systech provides e-business solutions. Trailing 12-month P/E valuation is high at 38.65 times, but does reflect strong earnings growth over the period. Its 1HFYMarch2015 revenue increased 66.3% y-o-y to RM4.78 million, while net profit more than doubled to RM1.84 million. Net cash declined to RM2.16 million, from RM5.62 million as at end-FY2014, mainly due to expansion for cyber security solutions. Systech has a market capitalisation of RM114 million. It paid a small 0.3 sen per share dividend in FY14.
http://www.theedgemarkets.com
