This article first appeared in The Edge Financial Daily, on April 12, 2016.

Kanger International Bhd (-ve)

SHARES of Kanger International Bhd (fundamental: 1.90/3; valuation: 1.10/3) triggered our momentum algorithm for the fifth time this month, following trades of 13.71 million shares yesterday, compared to its 200-day average volume of 1.9 million shares. The counter rose 0.5 sen or 2.27% to 22.5 sen.

For the fourth quarter ended Dec 31, 2015 (4QFY15), Kanger saw a 348% surge in its net profit to RM8.61 million, compared to RM1.92 million in the previous year, boosted by higher exports and a net unrealised gain on foreign exchange of RM5.1 million.

Revenue for the quarter rose 9.76% to RM21.6 million, from RM19.68 million.

For the full year, net profit gained 38.89% to RM9.75 million from RM7.02 million in the previous year, while revenue was slightly lower at RM66.32 million, from RM66.72 million.

Kanger currently trades at a trailing 12-month P/E of 13.84 times and at 1.41 times book value. The group has not paid dividends since its listing in December 2013.