ADVPKG (9148) - Stock With Momentum: Advanced Packaging Technology (M)

By Asia Analytica / The Edge Financial Daily   | July 19, 2016 : 11:00 AM MYT


This article first appeared in The Edge Financial Daily, on July 19, 2016.

Advanced Packaging Technology (M) Bhd (-ve)

SHARES in Advanced Packaging Technology (M) Bhd (fundamental: 2.05/3, valuation: 2/3) rose 5.69% to RM2.23 yesterday, with 71,500 shares traded. In c omparison, it has a 200-day average trading volume of 18,764.5 shares.

The company was last featured in “Stocks with Momentum” on Nov 24, 2015. It has risen by 1.36% since. Year to date, its share price has increased by 1.83%.

Advanced Packaging reported a net profit of RM738,000 for the first quarter ended March 31, 2016 (1QFY16), up 3.07% from RM716,000 a year ago, while revenue grew by 11.79% to RM7.04 million, from RM6.3 million in 1QFY15. It attributed the improvement in performance to higher sales, lower raw material costs and operating expenses.

In its quarterly results filing, Advanced Packaging said fluctuations in crude oil prices, and uncertainties in the global economy and market sentiment, coupled with a weakening ringgit, are key concerns for the current year, which may affect its sales turnover and profitability. But Advanced Packaging still expects to achieve satisfactory results for FY16.

As of closing yesterday, it was trading at a trailing price-earnings ratio of 16.39 times, with a market capitalisation of RM42.62 million.


ADVPKG (9148) - Stock With Momentum: Advanced Packaging Technology (M)