This article first appeared in The Edge Financial Daily on May 24, 2017
Kotra Industries Bhd (-ve)
SHARES in Kotra Industries Bhd (fundamental: 0.8/3, valuation: 1.4/3) gained seven sen or 4.29% to settle at RM1.70 yesterday, after 365,800 shares changed hands.
Year to date, its share price has appreciated by 53.15% from RM1.11 on Jan 3 this year.
At the current price, Kotra has a market capitalisation of RM226.39 million.
This is the second time this year that Kotra has been picked as a “Stock with Momentum”.
In the third quarter ended March 31, 2017, Kotra’s net profit jumped 6.78 times to RM4.58 million from RM676,000 a year ago, mainly due to higher sales achieved and lower selling and administration expenses. Quarterly revenue grew 7% to RM45.22 million from RM42.26 million.
For the nine-month period, the group’s net profit more than doubled to RM10.47 million, from RM4.9 million last year, while revenue grew 4.03% to RM124.19 million from RM119.38 million.