This article first appeared in The Edge Financial Daily, on May 10, 2016.
Johan Holdings Bhd (-ve)
Shares in Johan Holdings Bhd (fundamental: 0.2/3, valuation: 0.9/3) triggered our momentum algorithm for the first time, following trades of 4.73 million shares yesterday, compared with the 200-day average volume of 428,504.5 shares. The counter closed 0.5 sen or 3.7% higher at 14 sen.
For the fourth financial quarter ended Jan 31, 2016 (4QFY16), Johan saw a turnaround, reporting a net profit of RM14.36 million from a net loss of RM17.13 million a year earlier, while revenue rose 5% to RM56.63 million from RM54.12 million in 4QFY15.
For the full year, it reported a 20% decline in net loss to RM13.17 million from RM16.39 million in FY15, while revenue climbed 9% to RM222.43 million from RM204.49 million.
The group’s 70%-owned unit recently ceased its Lumut International Yacht Club membership scheme due to dwindling membership that resulted in high monthly operating cost and negative cash flow.
Johan shares currently trade at 0.42 times their book value. No dividends were paid in FY16.
JOHAN (3441) - Stock With Momentum: Johan Holdings
http://www.theedgemarkets.com/en/node/277827
