This article first appeared in The Edge Financial Daily, on April 22, 2016.

 OKA Corp Bhd (+ve)

SHARES in OKA Corp Bhd (fundamental: 2.4/3, valuation: 1.8/3) went up 4.52% or 4.5 sen to its five-year high of RM1.04 with 2.94 million shares changing hands. OKA last featured in “Stocks With Momentum” on Feb 17 and has since increased 10.1%. 

Year to date, the stock is up 12.4%. In its third financial quarter ended Dec 31, 2015, the group’s net profit grew 2.44% to RM5.33 million although revenue slipping 3% to RM37.7 million. For the cumulative nine months ended Dec 31, 2015, its net profit expanded 13.5% to RM151.1 million albeit revenue dropping 6.34%. 

OKA is currently trading at a trailing price-earnings ratio of 10.05 times and is 1.23 times its book value. Its balance sheet as at Dec 31, 2015 was commendable with its cash balance increasing 166.6% to RM17.4 million and maintaining a zero borrowing. Its average 10-year dividend was also quite decent at 5.09%.