Rubberex Corp (M) Bhd (-ve)
SHARES in Rubberex Corp (M) Bhd (fundamental: 1/3, valuation: 2.6/3) triggered our momentum algorithm for the second time this month. The counter closed two sen or 2.4% higher at 84.5 sen yesterday, with 1.53 million shares traded. It only saw 219,399 shares in its 200-day average volume.
The glove maker saw its net profit climb 14.72% to RM3.74 million in the second quarter ended June 30, 2016 from RM3.26 million a year ago, on favourable exchange rates and lower effective tax rate. Revenue rose 1.29% to RM76.14 million, from RM75.17 million.
For the six-month period ended June 30, 2016, its net profit grew 21.38% to RM7.38 million, from RM6.08 million. Revenue climbed 3.25% to RM150.62 million from RM145.88 million.
The stock currently trades at a trailing 12-month price-earnings ratio of 11.77 times and is at 0.82 times its book value. It has a trailing 12-month dividend yield of 3.63%.