Plastrade Technology Bhd (-ve)
Plastrade Technology Bhd (fundamental: 1.25/3, valuation: 1.1/3) saw its share price rise one sen to close at 19 sen yesterday with 5.26 million shares traded — compared to its 200-day average volume of 541,552 units.
Plastrade Technology focuses on the manufacturing of compounds for power cables through its 100% subsidiaries — MHT Manufacturing Sdn Bhd and Plascable Polymer Sdn Bhd.
Year to date, the stock has been featured twice as a Stock with Momentum. It has gained 12.12% since April 13, when it was trading at 16.5 sen.
The counter has been trending upward since last Wednesday. This followed the company’s announcement last Tuesday that Yeow Kian Huat, through his vehicle WBW Global Sdn Bhd, had acquired 8.65 million shares or 5.75% equity in the company via the open market on April 13.
Plastrade Technology returned to the black in the fourth quarter ended Dec 31, 2015, with a net profit of RM67,000 compared to a net loss of RM121,000 a year ago. For financial year 2015, it saw a net profit of RM1.55 million compared to a net loss of RM147,000 in FY14.
PTB (0038) - Stock With Momentum: Plastrade Technology
http://www.theedgemarkets.com/my/article/stock-momentum-plastrade-technology-0
