Friday 29 Mar 2024
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This article first appeared in The Edge Financial Daily on March 19, 2019

Public Packages Holdings Bhd (-ve)
TRADING of shares in Public Packages Holdings Bhd (fundamental: 1.8/3, valuation: 2.1/3) triggered our momentum algorithm yesterday for the second time this month.

The counter closed up 1.5 sen or 2.48% at 62 sen, with 678,300 shares done, exceeding its 200-day average volume of 132,995 shares.

Public Packages’ net profit rose 29.42% to RM4.68 million in the fourth quarter ended Dec 31, 2018, from RM3.61 million last year on higher market demand.

Quarterly revenue grew 22.94% to RM55.37 million from RM45.04 million a year ago.

For the full year ended Dec 31, 2018, its net profit grew 22.43% to RM19.01 million, from RM15.53 million last year, while revenue also increased 11.91% to RM198.88 million, from RM177.7 million in the previous year.

At the current share price, Public Packages is trading at 0.53 times its book value.

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