EKA Noodles Bhd (-ve)
SHARES of EKA Noodles Bhd (Fundamental: 0.35/3, Valuation: 0/3) jumped 5.56% or one sen to close at 19 sen yesterday, with 20.3 million shares changing hands. This was in comparison to its 200-days average volume of 2.07 million shares.
The group was last featured in “Stocks with Momentum” on Feb 2 and has risen by 18.8% since. Year-to-date, EKA shares have risen by 80.95%, outperforming the FBM KLCI’s benchmark that has slipped by 0.51% in the same period.
On Feb 29, the group released its latest quarter report ended Dec 31, 2015, posting a net profit of RM380,000 for the quarter on revenue of RM14.2 million. Compared to the preceding quarter, EKA saw its revenue grow by RM1.41 million or 11.07%, while the group was loss making last quarter with a RM1.65 million net loss.
The group was trading at 4.23 times its book value and with a market capitalisation of RM59.28 million.
http://www.theedgemarkets.com/my/article/stock-momentum-eka-noodles-0
