This article first appeared in The Edge Financial Daily, on June 2, 2016.
AE Multi Holdings Bhd (-ve)
AE Multi Holdings Bhd’s (fundamental: 0.55/3, valuation: 0.9/3) share price closed unchanged at 14.5 sen with 10.5 million shares changing hands. This is higher compared to its 200-day average volume of 1.55 million shares.
This is the fifth time AE Multi has triggered our momentum algorithm in the past 30 days; the first time was on May 19. The stock reached its one-year high of 16 sen on May 23.
AE Multi manufactures and sells printed circuit boards and related products, electronic and telecommunication components, and provision of technical services.
The group’s profit rose near eight times to RM1.26 million in its first quarter ended March 31, 2016, compared with RM160,000 a year ago, mainly due to the recovery of bad debts, which amounted to RM1.13 million.
But excluding the bad debt recovery, the actual profit for the quarter was RM135,000, which was slightly lower than last year, mainly due to increase in finance cost.
AEM (7146) - Stock With Momentum: AE Multi HoldingsAEM (7146) - Stock With Momentum: AE Multi Holdings