IQGROUP (5107) - Stocks With Momentum: IQ Group Holdings
IQ Group Holdings Bhd (+ve)
IQ Group (Fundamental: 2.4/3; Valuation: 1.8/3) has significantly improved its earnings for FY March 2014, after years of erratic margins despite stable growth in turnover.
This came after the company, an OEM and ODM manufacturer of security products such as infrared detectors and motion sensors, launched new LED products to customers in Europe and Japan.
Net profit surged 170% from RM0.62 million in FY2013 to RM11.2 million in FY2014 on the back of a 21.3% rise in revenue to RM171.39 million. The company has a strong balance sheet with net cash of RM17.6million as at 2QFY2015, equivalent to 20.3 sen per share. The stock trades at 1.5 times book with a P/E ratio of 10.1 times.
The recent improvement in its earnings and cash position has seen IQ Group paying out an interim dividend of 0.04 sen for FY2015, which translates to a yield of 1.94%.
This article first appeared in The Edge Financial Daily, on February 16, 2015.
http://www.theedgemarkets.com
IQ Group Holdings Bhd (+ve)
IQ Group (Fundamental: 2.4/3; Valuation: 1.8/3) has significantly improved its earnings for FY March 2014, after years of erratic margins despite stable growth in turnover.
This came after the company, an OEM and ODM manufacturer of security products such as infrared detectors and motion sensors, launched new LED products to customers in Europe and Japan.
Net profit surged 170% from RM0.62 million in FY2013 to RM11.2 million in FY2014 on the back of a 21.3% rise in revenue to RM171.39 million. The company has a strong balance sheet with net cash of RM17.6million as at 2QFY2015, equivalent to 20.3 sen per share. The stock trades at 1.5 times book with a P/E ratio of 10.1 times.
The recent improvement in its earnings and cash position has seen IQ Group paying out an interim dividend of 0.04 sen for FY2015, which translates to a yield of 1.94%.
This article first appeared in The Edge Financial Daily, on February 16, 2015.
http://www.theedgemarkets.com
