This article first appeared in The Edge Financial Daily, on May 27, 2016.
A&M Realty Bhd (+ve)
SHARES in A&M Realty Bhd (fundamental: 2.15/3; valuation: 1.1/3) climbed 10 sen or 9.3% to close at RM1.18 yesterday, with a volume of 4.57 million shares, compared with their 200-day average volume of 123,274 shares.
A&M Realty is involved in property development and construction, as well as investments in hotels and golf resorts such as Puteri Resort in Ayer Keroh, Melaka, and Puteri Garden in Klang, Selangor. It also has interests in manufacturing and plantation.
The company’s net profit decreased by 7.7% to RM3.92 million in its first financial quarter ended March 31, 2016 (1QFY16), from RM4.24 million a year ago, on lower contributions from its property and hotel divisions.
Its 1QFY16 revenue decreased by 9.3% to RM25.16 million from RM27.76 million, due to a drop in revenue in its manufacturing division.
At the current share price, A&M Realty is trading at a trailing price-earnings ratio of 16.53 times and 0.71 times its book value.
A&M (5959) - Stock With Momentum: A&M Realty
http://www.theedgemarkets.com/my/article/stock-momentum-am-realty-1
