Friday 29 Mar 2024
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This article first appeared in The Edge Financial Daily, on October 12, 2016.

 

Jaycorp Bhd (+ve)

SHARES in Jaycorp Bhd (fundamental: 2.1/3, valuation: 2/3) edged two sen or 1.36% higher to close at RM1.49 yesterday, after 4.37 million shares were traded, which is about 10 times more than its 200-day average volume of around 443,078 shares.

Jaycorp is involved in the processing of rubberwood and the manufacturing and sale of rubberwood furniture, packaging, and trading in construction materials.

Its net profit for the fourth quarter ended July 31, 2016 grew 184.3% to RM5.18 million from RM1.82 million a year ago, with the furniture segment being the major contributor.

Based on its closing price, the group is trading at a trailing price-earnings ratio of 9.76 times, with a market capitalisation of RM206.5 million. Year to date, its share price  has gained 25.21%, and is up 75.48% compared with a year ago. In the last one month, Jaycorp’s share price has jumped 15.5%.

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