The Edge Markets
12th January, 2017
SHARES in Benalec Holdings Bhd (fundamental: 1.25, valuation: 1.4/3) triggered our momentum algorithm for the first time since November 2015 yesterday as the counter saw a jump in shares traded to 3.97 million shares, compared with its 200-day average volume of 825,403 shares.
The stock slipped 1.5 sen to settle at 43 sen, with a market capitalisation of RM355.6 million.
The marine construction services specialist’s first quarter ended Sept 30, 2016, net profit saw a huge rise from RM1.23 million to RM5.62 million on higher revenue, which more than doubled to RM99.66 million from RM44.04 million, on the back of a land disposal.
The stock is trading at a trailing 12-month price-earnings ratio of 16.53 times and 0.57 times book value.
Source : http://www.theedgemarkets.com/my/article/stock-momentum-benalec-holdings