KANGER (0170) - Stocks With Momentum: Kanger International
Kanger International Berhad
CHINA-based Kanger International Berhad (Fundamental: 1.95/3, Valuation: 0/3) is principally involved in the trading of bamboo flooring and related products under the brands ‘Kanger’ and ‘KAR Masterpiece’.
Listed over a year ago on Dec 19, 2013, Kanger has been growing. Revenue increased from RM14.8 million in FY2010 to RM 50.2 million in FY2013, while net profits rose from RM 969k to RM5 million over the same period.
The company’s 9MFY2014 revenue surged 40.6% to RM47.1 million, which accounts for 97% of FY2013 revenue. Meanwhile, net profits of RM5.1 million over the same period have already surpassed FY2013 profits. Kanger is currently in a net cash position of RM3.9 million. It plans to raise RM100 million through redeemable convertible medium-term notes to fund the company’s expansion plans and diversification into property investment and management.
The stock trades at 3.4 times book with a trailing 12 month P/E of 38.9 times.
http://www.theedgemarkets.com
Kanger International Berhad
CHINA-based Kanger International Berhad (Fundamental: 1.95/3, Valuation: 0/3) is principally involved in the trading of bamboo flooring and related products under the brands ‘Kanger’ and ‘KAR Masterpiece’.
Listed over a year ago on Dec 19, 2013, Kanger has been growing. Revenue increased from RM14.8 million in FY2010 to RM 50.2 million in FY2013, while net profits rose from RM 969k to RM5 million over the same period.
The company’s 9MFY2014 revenue surged 40.6% to RM47.1 million, which accounts for 97% of FY2013 revenue. Meanwhile, net profits of RM5.1 million over the same period have already surpassed FY2013 profits. Kanger is currently in a net cash position of RM3.9 million. It plans to raise RM100 million through redeemable convertible medium-term notes to fund the company’s expansion plans and diversification into property investment and management.
The stock trades at 3.4 times book with a trailing 12 month P/E of 38.9 times.
http://www.theedgemarkets.com
