This article first appeared in The Edge Financial Daily on May 17, 2017

KYM Holdings Bhd (-ve)
SHARES in KYM Holdings Bhd (fundamental: 0.55/3, valuation: 0.9/3) triggered our algorithm for the first time. It closed 2.5 sen or 4.24% lower at 56.5 sen, with 1.96 million shares changing hands, exceeding its 200-day average volume of 139,144.5 shares.

Net profit in the fourth quarter ended Jan 31, 2017 (4QFY17) surged 296% to RM1.5 million from RM390,000 a year ago, while revenue grew to RM24.8 million from RM24.6 million in 4QFY16, due to improved profit from its subsidiary Hasrat Meranti Sdn Bhd and a reduction in interest cost incurred on term loans.

For FY17, KYM made a net profit of RM635,000 compared to a net loss of RM1.2 million a year ago on RM96 million revenue, down 3.2% from RM99.2 million in FY16.

The group manufactures corrugated fibreboards and carton boxes, industrial woven bags and multiwall industrial paper bags.

At its current price, KYM is trading at 0.92 times its book value.