This article first appeared in The Edge Financial Daily, on May 13, 2016.

Ideal Jacobs (M) Corp Bhd (+ve)

SHARES in Ideal Jacobs (M) Corp Bhd (fundamental: 0.75/3, valuation: 0.3/3), which surged 29.03% to 20 sen on May 11, continued their upward momentum yesterday, rising 2.5% to a six-month high of 20.5 sen after 5.76 million shares changed hands yesterday. In comparison, 257,139 shares have been traded in the last 200 days.

In the past 52-weeks, the stock, which has been trading as low as 11 sen, hit as high as 33 sen. In its fourth quarter financial year ended Dec 31, 2015 (4QFY15), it registered a net profit of RM444,000 compared to a net loss of RM2.55 million in 4QFY14.

The group’s revenue also increased 39% to RM11.01 million for the quarter from RM7.91 million in 4QFY14. Ideal Jacobs is involved in making nameplates, custom labels, membrane switches, fabric over foam gaskets, injection moulded panels and machined parts, among others.