YNH Property Bhd (+ve) Red Flag
SHARES in YNH Property Bhd (fundamental: 0.1/3, valuation: 1.1/3) triggered our momentum algorithm for the first time last Friday. The counter was highlighted as a “red flag” stock with momentum by our proprietary algorithm, suggesting that investors should exercise extra caution when trading in its shares.
The counter fell two sen or 1.01% to close at RM1.97 last Friday, after some 3.15 million shares changed hands. Its 200-day average volume was 820,685 shares.
For the financial year ended Dec 31, 2015, its net profit fell 59.05% to RM19.13 million, from RM46.71 million, due to the completion of Fraser Residence Kuala Lumpur and a much softer take-up rate for its current projects. Revenue declined 18.8% to RM317.09 million from RM390.51 million.
YNH said the local and global economic climate remains challenging, and it is “cautiously optimistic” about its Kiara 163 mixed development held under its wholly-owned D’Kiara Place Sdn Bhd.
The stock currently trades at a trailing 12-month price-earnings ratio of 42.23 times and is at 0.99 times its book value.
YNHPROP (3158) - Stock With Momentum: YNH Property http://www.theedgemarkets.com/my/article/stock-momentum-ynh-property
