This article first appeared in The Edge Financial Daily, on May 25, 2016.
Muar Ban Lee Group Bhd (-ve)
SHARES in Muar Ban Lee Group Bhd (fundamental: 1.7/3, valuation: 2/3) climbed four sen or 4.7% to close at 89.5 sen yesterday, with a volume of 713,800 shares traded, compared with its 200-day average of 57,496 shares.
Muar Ban Lee is involved in the design and production of oilseed-crushing machinery for palm oil mills.
The company’s net profit increased by 94.8% to RM2.03 million in the fourth quarter ended Dec 31, 2015 (4QFY15), from RM1.04 million a year ago, on higher project sales.
Its 4QFY15 revenue increased by 81.8% to RM22.27 million, from RM12.25 million, due to the consolidation of PT Serdang Jaya Perdana into the group.
For the full FY15, its net profit increased by 28.2% to RM5.91 million, while revenue was up 32.4% at RM62.62 milllion.
At its current share price, Muar Ban Lee is trading at a trailing price-earnings ratio of 13.51 times, and 0.97 times its book value.
MBL (5152) - Stock With Momentum: Muar Ban Lee Group
http://www.theedgemarkets.com/my/article/stock-momentum-muar-ban-lee-group-1
