UMSNGB (7227) - Stocks With Momentum: UMS-Neiken Group
UMS-Neiken Group Berhad
UMS-Neiken Group Berhad (UMSN) (Fundamental: 1.65/3, Valuation: 1.2/3) is principally involved in the design, manufacture and trading of electrical wiring accessories. It also trades and services home appliances.
Although UMSN is thinly traded, it seems to attract periodic bouts of buying interest, resulting in increased price and volume traded, only to retrace its gains later.
From 75.5 sen on Jan 28, UMSN has gained a whopping 21.9% in just three trading days to close at 92 sen on Wednesday. Yesterday, the stock gained another 6.0% to close at 97.5 sen.
For 9M2014, UMSN’s revenue from continuing operations declined by 1.4% due to lower sales demand from the home appliances segment. Net profits in the same period dropped by 20% due to a RM1.1 million loss on the disposal of its loss-making Hong Kong operations.
The stock currently trades at 1.08 times book with a trailing 12-month P/E of 15.53 times.
This article first appeared in The Edge Financial Daily, on February 6, 2015.
http://www.theedgemarkets.com/
UMS-Neiken Group Berhad
UMS-Neiken Group Berhad (UMSN) (Fundamental: 1.65/3, Valuation: 1.2/3) is principally involved in the design, manufacture and trading of electrical wiring accessories. It also trades and services home appliances.
Although UMSN is thinly traded, it seems to attract periodic bouts of buying interest, resulting in increased price and volume traded, only to retrace its gains later.
From 75.5 sen on Jan 28, UMSN has gained a whopping 21.9% in just three trading days to close at 92 sen on Wednesday. Yesterday, the stock gained another 6.0% to close at 97.5 sen.
For 9M2014, UMSN’s revenue from continuing operations declined by 1.4% due to lower sales demand from the home appliances segment. Net profits in the same period dropped by 20% due to a RM1.1 million loss on the disposal of its loss-making Hong Kong operations.
The stock currently trades at 1.08 times book with a trailing 12-month P/E of 15.53 times.
This article first appeared in The Edge Financial Daily, on February 6, 2015.
http://www.theedgemarkets.com/
