Stock With Momentum: Advanced Packaging Technology

TheEdge Thu, May 30, 2019 11:33am - 4 years View Original


Advanced Packaging Technology (M) Bhd (-ve)
TRADING of shares in Advanced Packaging Technology (fundamental: 2.35/3, valuation: 1.4/3) triggered our momentum algorithm yesterday for the first time this year.

The stock dropped 11 sen or 5.5% at RM1.89, after some 10,000 shares changed hands, more than its average trading volume of 3,071 shares seen in the past 200 days.

The company slipped into the red with a net loss of RM58,000 in the fourth quarter of financial year 2018 (4QFY18) against a net profit of RM167,000 recorded in the previous year. The net loss was mainly attributed to higher raw material costs and inventory written off and written down and year-end provisions, while its quarterly revenue inched up 0.67% to RM6.44 million compared with RM6.4 million a year ago.

For the full FY18 ended Dec 31, 2018, Advanced Packaging’s net profit fell 11.14% to RM1.05 million compared with RM1.18 million. Its revenue was slightly higher at RM25.42 million versus RM24.91 million in FY17.

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