Wang-Zheng Bhd (-ve)
SHARES in Wang-Zheng Bhd (fundamental: 2.1/3, valuation: 2.6/3) were unchanged at its three-month high of 76 sen, with barely 100,000 shares changing hands yesterday.
On April 6, the board of directors of Wang-Zheng proposed the payment of a first and final single-tier dividend of 6% or three sen per share in respect of the financial year ended Dec 31, 2015, subject to the approval of the shareholders during the next annual general meeting. In its fourth financial quarter ended Dec 31 2015, the group’s net profit surged 89.6% to RM1.98 million while its revenue improved 12.2%. The improved profit was mainly due to improved sales and margin in the processed paper products segment.
It is currently trading with a trailing price-earnings ratio of 8.86 times and is 0.71 times its book value. Wang-Zheng also has a decent average 10-year dividend of about 4.61%. The company has been profit-making for the last 10 years.
WANGZNG (7203) - Stock With Momentum: Wang-Zheng
http://www.theedgemarkets.com/my/article/stock-momentum-wang-zheng-1
