Unimech Group Bhd (-ve)
SHARES in Unimech Group Bhd (fundamental: 0.45/3, valuation: 2/3) triggered our momentum algorithm for the first time last Friday, as the stock slipped 3.01% to RM1.29 after 674,800 shares changed hands, over six times its 200-day average volume of 101,210.
Unimech is involved in the design, fabrication, installation, testing and commissioning of industrial equipment and plants.
The group’s net profit for the fourth financial quarter ended Dec 31, 2015 (4QFY15) dropped 29.7% to RM531,000, from RM755,000 in the corresponding quarter a year ago. This was despite its revenue increasing 7.9% to RM64.5 million in 4QFY15, from RM59.7 million in 4QFY14.
It also proposed a first and final single-tier dividend of 3.5 sen per share in respect of FY15.
Unimech is currently trading at a trailing price-earnings ratio of 14.6 times and 0.64 times its book value.
UNIMECH (7091) - Stock With Momentum: Unimech Group
http://www.theedgemarkets.com/my/article/stock-momentum-unimech-group
