This article first appeared in The Edge Financial Daily, on June 16, 2016.
Yoong Onn Corp Bhd (-ve)
SHARES in Yoong Onn (fundamental: 2.5/3, valuation: 1.8/3) rose five sen or 4.27% to close at RM1.22 yesterday after 1.76 million shares were traded. In comparison, the group’s 200-day average volume stood at only 326,033 shares.
Year to date, the stock has risen 16.19%. Compared to a year ago, the stock price is up 32.4%.
In the group’s third quarter ended March 31, 2016 (3QFY16), its net profit fell 16.2% to RM5.68 million from RM6.77 million in the corresponding period a year ago, due to lower sales and higher operating expenses.
Its board of directors declared an interim dividend of two sen per share, which will be payable on July 28.
Yoong Onn is trading at a trailing price-earnings ratio of 10.58 times and is 1.05 times its book value.
YOCB (5159) - Stock With Momentum: Yoong Onn Corp
http://www.theedgemarkets.com/en/node/286061
