KSL (5038) - Stock With Momentum: KSL Holdings
This article first appeared in The Edge Financial Daily, on March 3, 2017.
KSL Holdings Bhd (+ve)
SHARES in KSL Holdings Bhd (fundamental: 2.3/3, valuation: 1.5/3), which triggered our momentum algorithm yesterday, closed up eight sen or 6.9% at RM1.24.
It saw 12.6 million shares traded, versus the counter’s 200-day average volume of 880,546.5 shares. The group is mainly involved in property development and property investment. Its net profit jumped 162% to RM166.85 million in the fourth quarter ended Dec 31, 2016, versus RM63.67 million in the previous corresponding quarter.
Quarterly revenue surged 142% to RM231.36 million, from RM95.48 million, due to a change in the sales mix and percentage of completion of its main ongoing projects in Johor Baru and Klang, coupled with a higher gain on the fair value adjustment for investment properties.
At the current share price, KSL is trading at 0.54 times its book value.
KSL (5038) - Stock With Momentum: KSL Holdings
http://www.theedgemarkets.com/my/article/stock-momentum-ksl-holdings
