This article first appeared in The Edge Financial Daily, on May 25, 2016.
Signature International Bhd (-ve)
SHARES in Signature International Bhd (fundamental: 2.4/3, valuation: 1.8/3) triggered our momentum algorithm for the second time this year yesterday. It closed seven sen higher at RM1.13, after some 4.2 million shares were traded.
Signature is involved in the design and manufacturing of kitchen cabinets. It saw its third quarter ended March 31, 2016 (3QFY16) net profit fall 62.6% to RM5.01 million, from RM13.39 million, mainly due to lower project revenue contribution from its kitchen and wardrobe, and glass and aluminium segments.
Revenue in 3QFY16 declined 37.5% to RM54.69 million, from RM87.55 million in 3QFY15. It declared a special dividend of 10 sen, payable on July 4, a result of the RM79.95 million compensation it received from the Selangor state government for the acquisition of its land in Sungai Buloh to build the Damansara-Shah Alam Elevated Expressway.
The stock is currently trading at a trailing 12-month price-earnings ratio of 13.01 times, and 0.92 times its book value. Its trailing 12-month dividend yield is at 4.74%.
SIGN (7246) - Stock With Momentum: Signature International
http://www.theedgemarkets.com/my/article/stock-momentum-signature-international-1
