Theta Edge Bhd (+ve)
SHARES of Theta Edge Bhd (fundamental: 1.15/3; valuation: 0.9/3) triggered our momentum algorithm for the third time this month, as the share price spiked and settled at its one-year high of 47.5 sen after rising 4.5 sen or 10.47%.
The company has turned around in its fourth quarter ended Dec 31, 2015 (4QFY15), with a net profit of RM9.06 million, compared to a net loss of RM62,000 a year earlier, as its quarterly revenue jumped 86.77% to RM65.78 million from RM35.22 million.
For the full year, it posted a net profit of RM2.41 million, compared to a net loss of RM7.13 million in FY14, as revenue grew 53.05% to RM150.48 million from RM98.32 million a year earlier.
The company is involved providing system integration and turnkey solutions for the IT and telecommunications sectors.
The stock currently trades at a trailing 12-month P/E of 19.1 times and is at 0.77 times book value.
THETA (9075) - Stock With Momentum: Theta Edge http://www.theedgemarkets.com/my/article/stock-momentum-theta-edge-0
