-->

Type something and hit enter

Pages

Singapore Investment


On


Fajarbaru Builder Grp Bhd ( Valuation: 1.80, Fundamental: 1.55) (+ve)

Fajarbaru (Fundamental: 1.55/3, Valuation: 1.8/3) closed up 8.93% to 61 sen yesterday on heavy volume despite the lack of any new announcement. The trading volume of 4.5 million was significantly higher than its average 200-days volume of 307,309.

The company last featured in “Stocks with Momentum” on Dec 7, 2015 and had risen by 15.3% ever since.

The Group is primarily a construction company. The company has diversified into the timber and logging trading business in early 2014. The construction segment accounted for 78.2% of its revenue in FYJune2015.

For 1QFY2016, revenue rose 32.3% y-o-y to RM109.4 million while net profit surged 149.9% to RM2.8 million, due to the logging and timber trading segment. The logging and timber trading that commenced in January 2015 contributed a significant 25% or RM27.4 million to revenue and RM15.4 million to pre-tax profit.

FAJAR (7047) - Stock With Momentum: Fajarbaru Builder Grp
http://www.theedgemarkets.com/my/article/stock-momentum-fajarbaru-builder-grp
faharbaru_swm_fd_120116
Back to Top