Lien Hoe Corporation Bhd (+ve)
Lien Hoe (Fundamental: 0.55/3, Valuation: 0.9/3) is principally involved in the construction, hotel and leisure, as well as property investment business. The two hotels under its stable are Hotel Armada in Petaling Jaya and Christine Resort in Johor.

Whilst revenue has been growing steadily, earnings have been erratic. In 2011, the company made a net loss of RM8.1 million. This reversed into a huge RM94.3 million profit in 2012, thanks to one–off gain on land disposal of RM96.1 million. This follows an agreement with AQRS The Building Company Sdn Bhd to jointly develop 2 blocks of serviced apartments in Tebrau. It then reported a small profit of RM2.2 million in 2013 but fell back into the red last year with net loss of RM9.4 million.

Notably, Belastra Sdn Bhd, which emerged as a substantial shareholder last November with an 11.1% stake, raised its stake to 12.08% as at March 5.

This article first appeared in The Edge Financial Daily, on April 15, 2015.