KFIMA (6491) - Stock With Momentum: Kumpulan Fima

This article first appeared in The Edge Financial Daily, on August 2, 2016.

Stock With Momentum: Kumpulan Fima Bhd (-ve)

SHARES in Kumpulan Fima Bhd (fundamental: 2.5/3, valuation: 2/3) triggered our momentum algorithm for the first time this year, following trades of 505,100 shares yesterday, compared to its 200-day average volume of 91,243 shares.

The counter rose 2.63% or 5 sen to close at RM1.95.

For the financial year ended March 31, 2016 (FY16), Kumpulan Fima’s net profit fell 3.67% to RM56.43 million from RM58.58 million, due to lower profit from all divisions and higher operating cost.

Revenue fell 0.68% to RM541.11 million from RM544.79 million, on lower revenue from plantation and food divisions.

The group has proposed a 9 sen dividend per share for the year, payable on Sept 30, 2016. In comparison, it announced an 8.5 sen dividend in FY15.

Kumpulan Fima currently trades at a trailing 12-month price-earnings ratio of 10.2 times and is at 0.72 times its book value.

KFIMA (6491) - Stock With Momentum: Kumpulan Fima