Fibon Bhd ( Valuation: 1.40, Fundamental: 1.95) (+ve)
SHARE price of Fibon (Fundamental: 1.95/3, Valuation: 1.4/3) continued to rise yesterday, despite the absence of new material announcements. The stock closed 5.4% higher at 78.5 sen, with 6.4 million shares changing hands. In comparison, its average 200-day trading volume was just 208,467 shares.
Fibon is primarily involved in the manufacturing and trading of electrical insulators, electrical enclosures, switchboard equipment parts and meter boards. In FYMay2015, export — including to Singapore and Australia — accounted for 72.8% of sales.
For 1QFY2016, net profit more than doubled to RM1.9 million despite flattish revenue, thanks to higher forex gains of RM1.3 million.
Fibon has been increasing its dividend payout, from 25.0% in FY2013 to 28.2% in FY2015. For FY2015, the company paid a final dividend of 1.05 sen, which translates to a yield of 1.3% at current price.
The stock trades at a trailing 12-month P/E of 15.5 times and 1.8 times book.
http://www.theedgemarkets.com/my/article/stock-momentum-fibon-0
FIBON, FIBON (0149), 0149, EN0149, KLSE:FIBON, Investing, Stocks With Momentum,
