Thursday 28 Mar 2024
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This article first appeared in The Edge Financial Daily, on September 28, 2016.

 

Fibon Bhd (-ve)

SHARES in Fibon Bhd (fundamental: 1.95/3, valuation: 1.4/3) closed up 3.5 sen or 5.6% higher at 65.5 sen yesterday, with a trading volume of 576,000 shares, compared with its 200-day average of 375,267 shares.

The group manufactures and trades electrical insulators, electrical enclosures, switchboard equipment parts and meter boards.

For the financial year ended May 31, 2016 (FY16), Fibon reported a net profit of RM5 million, up 37.1% from its FY15 net profit of RM3.6 million, as a result of higher sales in both its manufacturing and trading arms.

Revenue gained 23.1% to RM16.74 million from FY15’s RM13.59 million.

At the current share price, Fibon is trading at 1.5 times its book value and at 12.14 times its trailing 12-month price-earnings ratio.

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