LUXCHEM (5143) - Stocks With Momentum: Luxchem
Luxchem Corporation Bhd (+ve)
SHARES of Luxchem (Fundamental: 1.7/3, Valuation: 2.4/3) have risen a whopping 46.3% year-to-date, partly due to its 2014 earnings results. The stock closed 6.2% higher at RM1.20 yesterday, on heavy volume. Net profit rose 12.3% to RM22.1 million in 2014 on the back of a 15.0% increase in sales to RM603.5 million.
Luxchem is involved in the marketing and distribution of industrial chemicals and materials, as well as the manufacture of unsaturated polyester resins (UPRs) with production capacity of 30,000 metric tonnes. Domestic market accounted for 76.8% of total sales in 2013 with the balance from exports, mainly to Asia.
Balance sheet is solid with net cash of RM19.2 million or 7.4 sen per share. ROE ranged between 14.0-19.0% from 2011-2014.
The stock is trading at a trailing 12-month P/E of 13.3 times and 1.88 times book. Dividends totalled 4.5 sen per share in 2014 (including final dividend of 3 sen ex-entitlement on May 28), giving a yield of 3.8%.
http://www.theedgemarkets.com
Luxchem Corporation Bhd (+ve)
SHARES of Luxchem (Fundamental: 1.7/3, Valuation: 2.4/3) have risen a whopping 46.3% year-to-date, partly due to its 2014 earnings results. The stock closed 6.2% higher at RM1.20 yesterday, on heavy volume. Net profit rose 12.3% to RM22.1 million in 2014 on the back of a 15.0% increase in sales to RM603.5 million.
Luxchem is involved in the marketing and distribution of industrial chemicals and materials, as well as the manufacture of unsaturated polyester resins (UPRs) with production capacity of 30,000 metric tonnes. Domestic market accounted for 76.8% of total sales in 2013 with the balance from exports, mainly to Asia.
Balance sheet is solid with net cash of RM19.2 million or 7.4 sen per share. ROE ranged between 14.0-19.0% from 2011-2014.
The stock is trading at a trailing 12-month P/E of 13.3 times and 1.88 times book. Dividends totalled 4.5 sen per share in 2014 (including final dividend of 3 sen ex-entitlement on May 28), giving a yield of 3.8%.
http://www.theedgemarkets.com
