Tuesday 23 Apr 2024
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This article first appeared in The Edge Financial Daily, on September 2, 2016.

 

Censof Holdings Bhd (-ve)

SHARES in Censof Holdings Bhd (fundamental: 1.3/3, valuation: 1.5/3) triggered our momentum algorithm for the third time this year. The counter closed down 0.5 sen or 1.9% lower at 25.5 sen yesterday, with some 5.5 million shares traded.

The group’s net profit for the first financial quarter ended June 30, 2016 surged more than 42 times to RM35.69 million from RM838,000 a year ago on significant contribution from the National Single Window segment and share of results from an associate company.

Revenue surged 83.61% to RM62.52 million from RM34.05 million.

The group also recently bagged a RM15.4 million national registry project from the Malaysian Administrative Modernisation and Management Planning Unit.

The stock is currently trading at 0.72 times its book value.

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