<div class=newsTextDataWrapInner><p><strong>Jiankun International Bhd</strong><br />
Over the past two months, shares for property developer, Jiankun International have almost doubled in price, to 63.5 sen. Despite the apparent increase in investor interest, the company’s underlying fundamentals remain weak.</p></div>

<div class=newsTextDataWrapInner><p>The company has been in the red since 2010 on the back of falling revenue. Although it reported a pre-tax profit of RM8.9 million in 2013, this was due to revaluation gains on investment properties, which totalled RM11.1 million. Excluding this one-off item, Jiankun would have made a pre-tax loss of RM1.4 million.</p></div>

<div class=newsTextDataWrapInner><p>Its business continues to weaken in 1H2014. Sales declined 42.1% y-o-y to RM2.0 million while pre-tax loss was higher at RM1.5 million compared to RM0.2 million a year ago. This was due, mainly, to discontinued operation in the services (air tickets) segment.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The stock is also not cheap, at 1.7 times book value. Edge Research gives it a valuation score of 0.3 out of 3.0.</p></div>

<div class=newsTextDataWrapInner><p><img alt=" " src="http://www.theedgemalaysia.com/images/stories/FinancialDaily/2014/October/24/jiankuntheedgemarkets.png" /></p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on October 24, 2014.</p></div>


Jiankun International Bhd
Over the past two months, shares for property developer, Jiankun International have almost doubled in price, to 63.5 sen. Despite the apparent increase in investor interest, the company’s underlying fundamentals remain weak.

The company ...

Stocks With Momentum: Jiankun International

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