<div class=newsTextDataWrapInner><p>This article first appeared in<em> The Edge Financial Daily</em>, on June 27, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><strong>Hup Seng Industries Bhd (-ve)</strong></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The biscuit maker has triggered our momentum algorithm five times since the algorithm started tracking it, with all recording negative momentum. Hup Seng Industries Bhd (fundamental: 3/3, valuation: 2.1/3) shares have been see-sawing between RM1.20 and RM1.40 this year.</p></div>

<div class=newsTextDataWrapInner><p>Hup Seng, which also exports its biscuits and crackers to Europe and North America, began the financial year ending Dec 31, 2016 (FY16), on a flat note. Its first quarter of FY16 net profit of RM13.6 million was little changed from last year’s RM13.23 million.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, the quarter’s net profit margin of 18.78% was slightly lower than the 19.07% registered in FY15, when softer commodity prices and a weaker ringgit played a factor in boosting its bottom line.</p></div>

<div class=newsTextDataWrapInner><p>Hup Seng anticipates a challenging 2016, but has said it will continue to identify investment opportunities to grow its business.</p></div>


This article first appeared in The Edge Financial Daily, on June 27, 2016.

 

Hup Seng Industries Bhd (-ve)

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