GNB (0045) - Stocks With Momentum: G Neptune
G Neptune Bhd (+ve)
G NEPTUNE (GNB) (Fundamental: 2.15/3, Valuation: 0.3/3) has seen sharply higher volumes after the release of its 4Q2014 earnings results at end-February. Since then, its share price has surged 2.5 sen, or a whopping 62.5% to close at a high of 6.5 sen yesterday.
In 4Q2014, GNB returned to black with net profit of RM4.1 million on the back of increased revenue of RM2.7 million. Note though this included a RM938,897 gain from disposal of subsidiary. For the full-year, net profit totaled RM0.521 million, including net disposal gains of RM74,160. GNB’s core business of IT research and development has been in the red since 2012. It has proposed a private placement of up to 86.6 million shares, or 30% of paid up share capital to fund its planned diversification into the apparel business, to distribute mid to high-end men’s clothing line under the brand name Louis Gianni.
GNB intends to actively look for other new businesses.
http://www.theedgemarkets.com/my/article/stocks-momentum-g-neptune
G Neptune Bhd (+ve)
G NEPTUNE (GNB) (Fundamental: 2.15/3, Valuation: 0.3/3) has seen sharply higher volumes after the release of its 4Q2014 earnings results at end-February. Since then, its share price has surged 2.5 sen, or a whopping 62.5% to close at a high of 6.5 sen yesterday.
In 4Q2014, GNB returned to black with net profit of RM4.1 million on the back of increased revenue of RM2.7 million. Note though this included a RM938,897 gain from disposal of subsidiary. For the full-year, net profit totaled RM0.521 million, including net disposal gains of RM74,160. GNB’s core business of IT research and development has been in the red since 2012. It has proposed a private placement of up to 86.6 million shares, or 30% of paid up share capital to fund its planned diversification into the apparel business, to distribute mid to high-end men’s clothing line under the brand name Louis Gianni.
GNB intends to actively look for other new businesses.
http://www.theedgemarkets.com/my/article/stocks-momentum-g-neptune
