Stock With Momentum: Superlon Holdings Bhd (+ve)
SHARES in Superlon Holdings Bhd (fundamental: 3/3, valuation: 2.1/3) closed 11 sen or 5.73% higher at RM2.03 yesterday, after 3.38 million shares were traded, far above its 200-day average volume of 312,833 shares.
The company is engaged in investment holding and the provision of management services. The company operates in three business segments, which are insulation materials, heating and ventilation; air conditioning parts and equipment; and steel pipes.
For the fourth financial quarter ended April 30, 2017, Superlon’s net profit jumped 72% to RM6.4 million from RM3.7 million last year, as revenue grew 37.9% to RM32.5 million from RM23.6 million, on higher volume of sales and favourable exchange rates for its manufacturing division.
At the current share price, Superlon is trading at 1.8 times its book value.