Concrete Engineering Products ( Valuation: 1.10, Fundamental: 0.75)(-ve)
SHARES of Concrete Engineering Products (Fundamental: 0.75/3, Valuation: 1.10/3) rose as much as 3.6% in early trade to RM2.02, the highest level since 2012.
Concrete closed unchanged at RM1.95. The stock had increased by 7.1% since the turn of the year. The thinly traded stock had a relatively large volume of 107,100 shares last Friday compared to its average 200-day volume of 4,029.
In the annual audited report for financial year ended Aug 31, 2015, the group recorded a jump of 43.8% in revenue to RM222.5 million. The group returned to black with RM2.4 million profit from a loss of RM0.8 million. The improvement in performance was due to more deliveries to overseas projects.
The group is involved in producing high quality concrete engineering products such as pre-stressed spun concrete piles and poles for local and export market.
The stock trades at a trailing 12-month P/E of 36.89 times and 0.81 times book.
CEPCO (8435) - Stock With Momentum: Concrete Engineering Products
http://www.theedgemarkets.com/my/article/stock-momentum-concrete-engineering-products
CEPCO, CEPCO (8435), 8435, EN8435, KLSE:CEPCO, Investing, Stocks With Momentum,
