LFECORP (7170) - Stocks With Momentum: LFE Corporation
LFE Corporation Bhd (-ve)
LFE (Fundamental: 0.15/3, Valuation: 0.8/3) was ‘Red Flagged’ by the system, suggesting that investors should exercise caution while trading given its low fundamental score. It has gearing of over 109%.
Earnings for LFE – a PN17 company – have been erratic over the past 5 years. The company provides mechanical and electrical engineering services. For 1HFY15, profit increased 55.7% y-y to RM0.523 despite an 11.5% y-y drop in revenue.
Since announcing its second quarter results on March 26, LFE has gained 70.8% to close at 20.5 sen yesterday, near its previous one-year high of 21.5 sen reached last September. Volume traded surged to over 2.4 million shares, from its average 200-day trading volume of only 111,581 shares.
Additionally, the company secured a RM350 million engineering, procurement and construction contract for Shapadu City Village in Putrajaya in December. The project is expected to be completed within 36 months.
This article first appeared in The Edge Financial Daily, on April 8, 2015.
http://www.theedgemarkets.com
LFE Corporation Bhd (-ve)
LFE (Fundamental: 0.15/3, Valuation: 0.8/3) was ‘Red Flagged’ by the system, suggesting that investors should exercise caution while trading given its low fundamental score. It has gearing of over 109%.
Earnings for LFE – a PN17 company – have been erratic over the past 5 years. The company provides mechanical and electrical engineering services. For 1HFY15, profit increased 55.7% y-y to RM0.523 despite an 11.5% y-y drop in revenue.
Since announcing its second quarter results on March 26, LFE has gained 70.8% to close at 20.5 sen yesterday, near its previous one-year high of 21.5 sen reached last September. Volume traded surged to over 2.4 million shares, from its average 200-day trading volume of only 111,581 shares.
Additionally, the company secured a RM350 million engineering, procurement and construction contract for Shapadu City Village in Putrajaya in December. The project is expected to be completed within 36 months.
This article first appeared in The Edge Financial Daily, on April 8, 2015.
http://www.theedgemarkets.com
