This article first appeared in The Edge Financial Daily, on June 14, 2016.
Greenyield Bhd (-ve)
SHARES in Greenyield Bhd (fundamental: 2.7/3, valuation: 2/3) were unchanged at 26.5 sen with 4.53 million shares traded compared to the 200-day average volume of 1.07 million shares.
The company triggered our stocks with momentum for the first time. The stock has a one-year return of 33.23% and it has increased by 1.92% year to date.
Greenyield saw its net profit more than doubled to RM2.41 million in the second quarter ending July 31, 2016 (2QFY16) from RM1.07 million in the corresponding quarter a year ago. Greenyield also recorded a 41% jump in revenue to RM12.3 million in 2QFY16 from RM8.73 million in 2QFY15. The improvement was mainly due to increased sales orders from overseas for non-plantation products.
At the current price, Greenyield is trading at a trailing price-earnings ratio of 13.95 times, with a market capitalisation of RM88.4 million.
GREENYB (0136) - Stock With Momentum: Greenyield
http://www2.theedgemarkets.com/my/article/stock-momentum-greenyield
