MFLOUR (3662) - Stock With Momentum: Malayan Flour Mills

By Asia Analytica / The Edge Financial Daily   | July 18, 2016 : 10:17 AM MYT

This article first appeared in The Edge Financial Daily, on July 18, 2016.


Malayan Flour Mills Bhd (+ve)

SHARES in Malayan Flour Mills Bhd (fundamental: 0.55/3, valuation: 1.4/3) triggered our momentum algorithm for the first time last Friday as its share price gained 6.15% to RM1.38, after 1.6 million shares changed hands.

However, there has been no new announcement from the group of late.

In its first quarter ended March 31, 2016 (1QFY16), net profit more than tripled to RM17.6 million from RM5.4 million in 1QFY15, mainly due to higher margin in its flour and poultry integration segment.

The group’s revenue saw an increase of 20% to RM666.8 million in 1QFY16 from RM556.1 million, mainly attributable to higher sales recorded.

In the last one year, its share price has gained 8.05% and traded between RM1.16 and RM1.42.

It is currently trading at a trailing price-earnings ratio of 22.96 times, with a market capitalisation of RM759.33 million, and a dividend yield of 2.9%.

MFLOUR (3662) - Stock With Momentum: Malayan Flour Mills