This article first appeared in The Edge Financial Daily on July 7, 2017
Mikro MSC Bhd (-ve)
SHARES in Mikro MSC Bhd (fundamental: 2.55/3, valuation: 0.7/3) rose three sen or 3.85% to close at 81 sen yesterday, after some 9.34 million shares were traded, compared with their 200-day average volume of 1.49 million shares.
The Multimedia Super Corridor-status company, which develops and manufactures electrical distribution products, saw its net profit inch up 1% to RM2.02 million in the third financial quarter ended March 31, 2017 from RM2 million a year ago due to higher revenue and better gross margin recorded. Revenue came in 2% higher at RM11.57 million, from RM11.31
million.
For the nine months ended March 31, 2017, net profit rose 4% to RM8.25 million from RM7.97 million, while revenue grew to RM37.17 million from RM35.59 million.
At the current share price, Mikro MSC is trading at 4.4 times its book value.