Pensonic Holdings Bhd (-ve)
PENSONIC (Fundamental: 0.35/3, Valuation: 2.4/3) first triggered our momentum alert last Tuesday, and has since been trending higher. Yesterday, the rarely traded shares saw sharp spike in price and volume after posting stellar 4QFYMay2015 earnings results. The stock ended 14.3% higher at a 14-year high of 60 sen.
For FY15, excluding one-off disposal gains of RM8.5 million, net profit jumped more than three-fold to RM9.1 million, thanks to increased export sales and improved operational efficiency. Revenue was 3.9% higher at RM388.4 million, boosted by a 24.8% increase in export sales.
Concurrently, Pensonic recommended a final dividend of 2 sen per share for FY15. Meanwhile, its first interim dividend of 1.5 sen will go "ex" this Friday.
Based in Penang, Pensonic manufactures and sells electronic and electrical home appliances. For FY15, the company derived 66% of its sales from the domestic market with the balance from other Asian and Middle Eastern countries.