Stock With Momentum: CCK Consolidated Holdings

This article first appeared in The Edge Financial Daily, on May 15, 2017.
-A +A

CCK Consolidated Holdings Bhd (-ve)
SHARES in CCK Consolidated Holdings Bhd (fundamental: 1.4/3, valuation: 2/3), which triggered our proprietary momentum algorithm last Friday, closed up 1.5 sen or 2.05% at 74.5 sen.

A total of 4.33 million shares were traded versus the 200-day average volume of 400,130 shares. The group’s principal activities involved poultry (breeder, hatchery, and boiler farms), seafood (prawn agriculture and prawn processing, largely for export) and trading (wholesale and retail stores).

CCK posted a net profit of RM18.3 million for the financial year ended Dec 31, 2016 (FY16), up 32% from RM13.9 million in FY15, while revenue rose to RM533.7 million from RM509.05 million.

CCK also recommended a first and final dividend of two sen for FY16, payable on June 30.

The stock is currently trading at one time its book value and has a market capitalisation of RM230.21 million.