Heveaboard Bhd (+ve)
Particleboard and ready-to-assemble furniture maker Hevea (Fundamental: 1.3/3; Valuation: 2.4/3) saw its share price jump 31 sen or 14.2% to an all-time high of RM2.50. A prime beneficiary of the stronger USD, its share price has soared 49.7% since the start of the year.

Hevea derived almost 90% of its USD-denominated sales from exports, with Japan and China contributing 35% and 12% of sales respectively in 2013. The company also stand to benefit from higher demand from Japan in the run-up to Olympics 2020.

For 9M2014, revenue rose 8% to RM307.2 million while net profit increased by 70% to RM21.6 million on sales of higher-margin products and improved operating efficiency. Gearing stood at 20% as it pared down its borrowings over the years. The stock trades at a trailing 12-month P/E of 6.8 times and 0.8 times book. Dividend was 2 sen per share last year, with a yield of 0.9%.

This article first appeared in The Edge Financial Daily, on February 11, 2015.