DENKO (8176) - Stocks With Momentum: Denko
April 16, 2015 : 12:06 PM MYT
Denko Industrial Corporation Bhd (+ve)
Shares for Denko (Fundamental: 0.35/3, Valuation: 0.9/3) finally clawed back all of its losses, and a little more, following the sharp plunge at end-November, after posting net loss of RM0.059 million for 3QFYMar15. The stock added 2 sen or 7.8% to close at 27.5 sen yesterday.
The Johor Bahru-based company manufactures plastic injection moulding and high precision plastic parts. It also carries out trading in consumer goods.
Denko alternated between profit and loss over the past five years. It turned a profit of RM0.4 million in 1QFY15 but fell back into the red in the subsequent two quarters. For 9MFY15, revenue was flattish y-y at RM57.3 million but earnings improved – to net profit of RM0.3 million from net loss of RM2.9 million in 9MFY14. Gearing stands at 42.9%.
The stock is trading at 0.73 times book value but high trailing 12-month P/E of 213.1 times. No dividend was paid for the past five years.
http://www.theedgemarkets.com
April 16, 2015 : 12:06 PM MYT
Denko Industrial Corporation Bhd (+ve)
Shares for Denko (Fundamental: 0.35/3, Valuation: 0.9/3) finally clawed back all of its losses, and a little more, following the sharp plunge at end-November, after posting net loss of RM0.059 million for 3QFYMar15. The stock added 2 sen or 7.8% to close at 27.5 sen yesterday.
The Johor Bahru-based company manufactures plastic injection moulding and high precision plastic parts. It also carries out trading in consumer goods.
Denko alternated between profit and loss over the past five years. It turned a profit of RM0.4 million in 1QFY15 but fell back into the red in the subsequent two quarters. For 9MFY15, revenue was flattish y-y at RM57.3 million but earnings improved – to net profit of RM0.3 million from net loss of RM2.9 million in 9MFY14. Gearing stands at 42.9%.
The stock is trading at 0.73 times book value but high trailing 12-month P/E of 213.1 times. No dividend was paid for the past five years.
http://www.theedgemarkets.com
