Thursday 28 Mar 2024
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This article first appeared in The Edge Financial Daily, on October 17, 2016.

 

G Neptune Bhd (-ve)

SHARES in G Neptune Bhd (fundamental: 1.65/3, valuation: 0/3) triggered our momentum algorithm for the first time this year with 2.19 million shares changing hands last Friday compared with its 200-day average volume of only 301,705 shares. Its share price closed unchanged at 4.5 sen despite a sudden increase in its traded volume.

G Neptune is mainly involved in information technology research and development, and also sells skincare and cosmetic products.

In the second quarter ended June 30, 2016 (2QFY16), the group recorded a net loss of RM401,000 compared to a net profit of RM194,000 in 2QFY15. Revenue stood at RM200,000 for both 2QFY16 and 2QFY15. Its filing with Bursa Malaysia revealed that the revenue reported for 2QFY16 was solely contributed by sales of software, such as the Shopfloor Data Tracking System.

Year to date, its share price has gained 12.5%, but has fallen by 10% compared with its price one year ago. At its current price, it is trading at 2.16 times its book value with a market capitalisation of RM13 million.

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