Thursday 28 Mar 2024
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LCTH Corp Bhd

SHARES in LCTH Corp Bhd (fundamental: 1.3/3, valuation: 2/3) triggered our stocks with momentum algorithm yesterday for the fourth time this year.

The counter closed up 0.5 sen or 0.88% at 57.5 sen with a market capitalisation of RM206.89 million, with 3.13 million shares traded — higher than its 200-day average volume of 448,564.5 shares.

LCTH is involved in the manufacture and sub-assembly of precision plastic parts and components, as well as fabrication of precision mould and dies.

In the fourth quarter ended Dec 31, 2017 (4QFY17), LCTH’s net profit fell 34.05% to RM3.97 million compared with RM6.02 million a year ago, as its operations were affected by the foreign exchange loss of about RM800,000 and the share of loss of a joint venture of about RM900,000.

However, quarterly revenue grew 19.3% to RM34.17 million from RM28.64 million in 4QFY16, mainly due to the increase in orders of consumer and medical products.

For the full FY17, LCTH’s net profit dropped 29.4% to RM10.23 million from RM14.48 million in FY16, while revenue dipped 1.43% to RM111.96 million from RM113.58 million.

As at yesterday, LCTH shares were trading at 0.01 times its net book value.

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