NYLEX (4944) - Stocks With Momentum: Nylex
April 6, 2015 : 10:19 AM MYT
Nylex (M) Bhd (+ve)
NYLEX Bhd (Fundamental: 0.75/3, Valuation: 1.8/3), which is normally thinly traded, saw volume surge to 2.24 million shares on Friday. The stock added 11.48% to 68 sen.
Majority owned by Ancom Bhd , the company is principally involved in the manufacture of chemicals, plastics and polymers. About 43% of its customers are based in Malaysia, while its next biggest markets are Singapore and Indonesia with 29% and 13% each.
Nylex reported a lower net profit of RM5.7 million in 1H FY May 2015 after revenue declined 21.5% to RM678 million. In FY2013-14, the company reported annual net profit of just under RM8 million, down from just under RM14 million in the preceding 2 years.
Nylex trades at a trailing 12 month P/E of 15.11 times. The stock is trading well below book value, at just 0.39 times book with most of its assets last revalued between 1985 and 2005.
http://www.theedgemarkets.com
April 6, 2015 : 10:19 AM MYT
Nylex (M) Bhd (+ve)
NYLEX Bhd (Fundamental: 0.75/3, Valuation: 1.8/3), which is normally thinly traded, saw volume surge to 2.24 million shares on Friday. The stock added 11.48% to 68 sen.
Majority owned by Ancom Bhd , the company is principally involved in the manufacture of chemicals, plastics and polymers. About 43% of its customers are based in Malaysia, while its next biggest markets are Singapore and Indonesia with 29% and 13% each.
Nylex reported a lower net profit of RM5.7 million in 1H FY May 2015 after revenue declined 21.5% to RM678 million. In FY2013-14, the company reported annual net profit of just under RM8 million, down from just under RM14 million in the preceding 2 years.
Nylex trades at a trailing 12 month P/E of 15.11 times. The stock is trading well below book value, at just 0.39 times book with most of its assets last revalued between 1985 and 2005.
http://www.theedgemarkets.com
