<div>This article first appeared in <em>The Edge Financial Daily</em>, on March 31, 2017.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Rhone Ma Holdings Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>Shares in Rhone Ma Holdings Bhd (fundamental: N/A, valuation: N/A) triggered our momentum algorithm yesterday for the first time since its listing in December last year. A total of 6.65 million shares were traded compared with the counter’s 200-day average volume of 2.81 million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The animal health solutions provider recorded a net loss of RM1.84 million in the fourth quarter ended Dec 31, 2016 due to a one-off listing expense of RM4.14 million. Revenue for the quarter came in at RM31.28 million.</p></div>

<div class=newsTextDataWrapInner><p>For the full financial year 2016, the group recorded a revenue of RM119.2 million and a profit before tax of approximately RM13.22 million. Revenue from animal health products contributed RM92.11 million while revenue from food ingredients contributed RM26.49 million.</p></div>

<div class=newsTextDataWrapInner><p>The group’s remaining revenue was derived from its provision of animal health services.</p></div>

<div class=newsTextDataWrapInner><p>The stock closed up three sen or 3.09% at a record high of RM1 yesterday. It currently trades at 1.69 times its book value.</p></div>


This article first appeared in The Edge Financial Daily, on March 31, 2017.

 

Rhone Ma Holdings Bhd (-ve)

Shares in Rhone Ma Holdings Bhd (fundamental: N/A, valuation: N/A) triggered our momentum algorithm yesterday for the fir...

Stock With Momentum: Rhone Ma Holdings

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