Author: Tan KW | Publish date: Mon, 16 May 2016, 02:44 PM
This article first appeared in The Edge Financial Daily, on May 16, 2016.
PMB Technology Bhd (-ve)
SHARES in PMB Technology Bhd (fundamental: 0.8/3, valuation: 2.6/3) climbed 14 sen or 12.7% to close at RM1.24 last Friday, with a volume of 516,400 shares traded, compared with its 200-day average volume of 24,936 shares.
PMB is involved in the manufacturing and distribution of aluminium products, as well as the design, fabrication and extrusion of aluminium profiles.
The company’s net profit increased by 37.1% to RM2.39 million for the first financial quarter ended March 31, 2016 (1QFY16), from RM1.74 million, due to the absence of a foreign-exchange loss recognised in 1QFY15.
Its 1QFY16 revenue fell 30.9% to RM73.95 million from RM107.03 million, due to a slower progress in certain construction projects and a lower aluminium price.
At its current share price, PMB is trading at a trailing price-earnings ratio of 10.19 times and is 0.67 times its book value.
http://www.theedgemarkets.com/my/article/stock-momentum-pmb-technology
PMB Technology Bhd (-ve)
SHARES in PMB Technology Bhd (fundamental: 0.8/3, valuation: 2.6/3) climbed 14 sen or 12.7% to close at RM1.24 last Friday, with a volume of 516,400 shares traded, compared with its 200-day average volume of 24,936 shares.
PMB is involved in the manufacturing and distribution of aluminium products, as well as the design, fabrication and extrusion of aluminium profiles.
The company’s net profit increased by 37.1% to RM2.39 million for the first financial quarter ended March 31, 2016 (1QFY16), from RM1.74 million, due to the absence of a foreign-exchange loss recognised in 1QFY15.
Its 1QFY16 revenue fell 30.9% to RM73.95 million from RM107.03 million, due to a slower progress in certain construction projects and a lower aluminium price.
At its current share price, PMB is trading at a trailing price-earnings ratio of 10.19 times and is 0.67 times its book value.
http://www.theedgemarkets.com/my/article/stock-momentum-pmb-technology
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