Eonmetall Group Bhd (-ve)
Shares in Eonmetall Group Bhd (fundamental: 0.65/3, valuation: 1.1/3) triggered our momentum algorithm for the second time this month. The stock saw 3.37 million shares traded yesterday, against its 200-day average volume of 110,258.5 shares, closing 0.5 sen or 1.12% lower at 44 sen.
The steel and industrial product manufacturer reported a net profit of RM2.61 million for the fourth quarter ended Dec 31, 2015, from a net loss of RM765,000 a year ago.
Revenue for the quarter rose 24% to RM20.65 million from RM16.66 million.
For the cumulative 12 months, net profit stood at RM5.22 million, from a net loss of RM2.3 million, on the back of a 24% increase in revenue to RM79.66 million from RM64.42 million.
Eonmetall shares are trading at 0.5 times their book value. The company has not paid out any dividends since 2013.
EMETALL (7217) - Stock With Momentum: Eonmetall Group
http://www.theedgemarkets.com/en/node/277825
