Stock With Momentum: Fibon

TheEdge Thu, Jan 26, 2017 10:58am - 7 years View Original

This article first appeared in The Edge Financial Daily, on January 26, 2017.


Fibon Bhd (+ve)

SHARES in Fibon Bhd (fundamental: 1.65/3, valuation: 0.8/3) triggered our momentum algorithm yesterday for the first time this year and closed four sen or 6.4% higher at 66.5 sen.

It saw 2.28 million shares traded compared to its 200-day average of 151,886 shares.

The group principally formulates advanced polymer matrix fibre composites, and manufactures and sells electrical insulators, electrical enclosures and meter boards.

In the second financial quarter ended Nov 30, 2016 (2QFY17), it recorded a net profit of RM2.94 million or 3.01 sen a share, more than double the RM1.13 million or 1.16 sen a share recorded a year ago.

Revenue was at RM5.26 million, up 30% from RM4.06 million, due to higher manufacturing sales and foreign exchange gains.

The stock is currently trading at 1.4 times its net book value.

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.

Related Stocks

FIBON 0.450


Login to comment.