YEELEE (5584) - Stocks With Momentum: Yee Lee
YEE Lee Corporation Bhd (-ve)
YEE Lee (Fundamental: 1.0/3, Valuation: 1.2/3) saw its share price rise 33.8% since the beginning of the year despite lacklustre financial performance.
The stock was first picked by our algorithm at RM1.74 on Feb 12. It was picked again at RM1.90 on Feb 26 before exhibiting negative momentum yesterday, likely due to its poor quarterly results announcement.
Yee Lee recorded a 47.4% y-o-y drop in pre-tax profit to RM5.6 million in 4Q2014 while sales declined 0.8% to RM166.6 million. For the full-year, although sales rose 4.9% to RM690.5 million, pre-tax profit dropped 19.5% to RM34.4 million.
Its manufacturing and trading divisions saw pre-tax profit decline 27.3% and 26.2% to RM17.9 million and RM7.8 million, respectively. This was mainly due to lower selling price of palm based products, higher A&P spending and relocation costs for aerosol can factory in Vietnam.
Notwithstanding, the company is maintaining 3 sen dividend for 2014, translating into a net yield of 1.6%.
http://www.theedgemarkets.com/my/article/stocks-momentum-yee-lee-0
YEE Lee Corporation Bhd (-ve)
YEE Lee (Fundamental: 1.0/3, Valuation: 1.2/3) saw its share price rise 33.8% since the beginning of the year despite lacklustre financial performance.
The stock was first picked by our algorithm at RM1.74 on Feb 12. It was picked again at RM1.90 on Feb 26 before exhibiting negative momentum yesterday, likely due to its poor quarterly results announcement.
Yee Lee recorded a 47.4% y-o-y drop in pre-tax profit to RM5.6 million in 4Q2014 while sales declined 0.8% to RM166.6 million. For the full-year, although sales rose 4.9% to RM690.5 million, pre-tax profit dropped 19.5% to RM34.4 million.
Its manufacturing and trading divisions saw pre-tax profit decline 27.3% and 26.2% to RM17.9 million and RM7.8 million, respectively. This was mainly due to lower selling price of palm based products, higher A&P spending and relocation costs for aerosol can factory in Vietnam.
Notwithstanding, the company is maintaining 3 sen dividend for 2014, translating into a net yield of 1.6%.
http://www.theedgemarkets.com/my/article/stocks-momentum-yee-lee-0
