KFM rises 6%, Teo Seng hit record high

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KUALA LUMPUR (Nov 3): Kuantan Flour Mills Bhd (KFM) surged to an intra-day high of 54.5 sen, up 6%, before it retreated to close at 52.5 sen.

KFM has staged a sharp rebound in the mid last month, after it hit a low of 35.5 sen. The stock has gained 48% or 17 sen, from 35.5 sen in mid-October. Prior to that, the stock had been on a declining trend, from its one-year high of 57 sen on April 2 this year.

In terms of earnings, KFM returned to the black with a net profit of RM488,000 in the first quarter ended June 30, 2014, from a net loss of RM1.5 million in the previous corresponding quarter. Revenue however slipped 11.6% to RM9.7 million, from RM10.9 million previously.

KFM is one of the counters picked by TheEdge Research for Stock with Momentums this afternoon. The others are Teo Seng Capital Bhd and Yen Global Bhd.

Teo Seng, a manufacturer of animal feeds and layer farming, saw its share price almost qundraple since April this year, climbing from 65 sen to historical high of RM2.49 today.

According to TheEdge Research, Teo Seng has a risk rating of four, on the scale of one to five. Five is the higest risk rating.