Author: Tan KW | Publish date: Tue, 24 May 2016, 03:12 PM
This article first appeared in The Edge Financial Daily, on May 24, 2016.
AE Multi Holdings Bhd (+ve)
SHARES in AE Multi Holdings Bhd (fundamental: 0.55/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the second time this month.
The counter closed 1.5 sen or 10.35% higher at 16 sen, with some 20.61 million shares traded. In comparison, its 200-day average volume is only around 1.01 million shares.
AE Multi is mainly involved in manufacturing and the sales of printed circuit boards, electronic and telecommunication components, as well as provision of technical services.
The company’s net loss widened to RM3.17 million in the fourth financial quarter ended Dec 31, 2015 (4QFY15) from RM34,000 a year earlier, as revenue fell 44.5% to RM11.6 million from RM20.9 million.
For FY15, its net loss widened to RM3.12 million from RM1.03 million a year ago, mainly due to an impairment of trade receivable of RM2.7 million.
Revenue fell 22.24% to RM42.52 million from RM54.68 million. The stock currently trades 0.94 times its book value.
http://www.theedgemarkets.com/my/article/stock-momentum-ae-multi-holdings
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