Prestariang Bhd (+ve)
SHARES in Prestariang Bhd (fundamental: 2.7/3, valuation: 0.5/3) triggered our momentum algorithm for the second time this year. The counter closed eight sen or 3.1% lower at RM2.50 yesterday, with some 1.56 million shares traded.
Prestariang’s net profit rose 62.8% to RM2.98 million in the fourth financial quarter ended Dec 31, 2015 (4QFY15) from RM1.83 million. Its 4QFY15 revenue rose 96.84% to RM24.33 million due to higher contributions from the software and services segment.
For the full year, its net profit fell 15.76% to RM17.1 million from RM20.3 million, mainly due to corporate income tax incurred as tax exempt for MSC pioneer status for Prestariang Systems Sdn Bhd expired in June 2015.
The stock is currently trading at a trailing 12-month price-earnings ratio of 72.91 times and is at 7.14 times its book value. Its trailing 12-month dividend yield is at 1.45%.
PRESBHD (5204) - Stock With Momentum: Prestariang http://www.theedgemarkets.com/my/article/stock-momentum-prestariang?type=Stock%20with%20Momentum
