This article first appeared in The Edge Financial Daily, on April 29, 2016.
Stock With Momentum: TPC Plus Bhd (+ve)
SHARES in TPC Plus Bhd (fundamental: 0.75/3, valuation: 0.2/3) rose 0.5 sen or 1.11% to close at 45.5 sen yesterday, with 1.84 million shares changing hands, compared to its 200-day average volume of 283,430 shares. It’s the first time this year that the counter has triggered our momentum algorithm.
TPC is principally engaged in the provision of management services while its subsidiaries are primarily engaged in poultry farming and oil palm production.
The Practice Note 17 company saw its net profit fall 71.68% to RM538,000 in the fourth quarter ended Dec 31, 2015 (4QFY15) from RM1.9 million in 4QFY14 on lower average egg selling prices.
Revenue fell 5.05% to RM22.56 million from RM23.76 million. For the whole FY15, its net profit fell 19.54% to RM3.83 million from RM4.76 million. Revenue, however, grew 6.53% to RM89.07 million from RM83.61 million.
The counter is currently trading at a trailing price-earnings ratio of 27.44 times and 1.47 times its book value.
TPC (7176) - Stock With Momentum: TPC Plus
http://www.theedgemarkets.com/en/node/275936
