<div>This article first appeared in <em>The Edge Financial Daily, </em>on March 14, 2017.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Khind Holdings Bhd (-ve)</strong><br />
SHARES in Khind Holdings Bhd (fundamental: 1/3, valuation: 3/3) triggered our momentum algorithm for the first time since August 2016 yesterday as the counter closed unchanged at RM2.36.</p></div>

<div class=newsTextDataWrapInner><p>The stock saw some 63,800 shares traded compared with its 200-day average volume of 12,077 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group’s net profit slid 11.3% to RM1.2 million in the fourth quarter ended Dec 31, 2016 from RM1.4 million a year ago, while revenue fell 7.3% to RM83.5 million from RM90.2 million.</p></div>

<div class=newsTextDataWrapInner><p>The group blamed the weak quarterly results on lower contribution from its investment holdings division, a decrease in dividend income from subsidiaries, while its trading and services and manufacturing divisions recorded strong performances.</p></div>

<div class=newsTextDataWrapInner><p>Its full financial year 2016 (FY16) net profit grew 58.3% to RM9.8 million from RM6.2 million, while revenue grew 5.5% to RM356.3 million from RM337.8 million in FY15.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


This article first appeared in The Edge Financial Daily, on March 14, 2017.

 

Khind Holdings Bhd (-ve)
SHARES in Khind Holdings Bhd (fundamental: 1/3, valuation: 3/3) triggered our momentum algorithm for the first time since Augus...

Stock With Momentum: Khind Holdings

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