Cheetah Holdings Bhd (-ve)

APPAREL designer and retailer Cheetah Holdings Bhd (valuation: 1.4/3, fundamental: 1.8/3) last closed 0.94% or half a sen lower at 52.5 sen, with a market capitalisation of RM62.17 million.

In just over a month leading to last Friday, the counter had gained as much as 14 sen from its one-year low of 39 sen last Thursday, triggering our momentum algorithm for the first time this year.

Cheetah Holdings closed its financial year ended June 30, 2017 (FY17) with a net profit of RM1.78 million, down 21.53% from RM2.27 million last year, due to lower contribution of its income from other investments and operations. Revenue was rather flat at RM125.7 million, from RM126.7 million in FY16.

Due to rising costs and slowdown in consumer spending, the apparel maker’s annual net profit has been on a decline for seven consecutive years from a high of RM14.17 million in FY10, when it recorded RM127.44 million in revenue.