Nylex (M) Bhd (+ve)
NYLEX Bhd (Fundamental: 0.75/3, Valuation: 1.8/3), which is normally thinly traded, saw volume surge to 2.24 million shares on Friday. The stock added 11.48% to 68 sen.  

Majority owned by Ancom Bhd, the company is principally involved in the manufacture of chemicals, plastics and polymers. About 43% of its customers are based in Malaysia, while its next biggest markets are Singapore and Indonesia with 29% and 13% each. 

Nylex reported a lower net profit of RM5.7 million in 1H FY May 2015 after revenue declined 21.5% to RM678 million. In FY2013-14, the company reported annual net profit of just under RM8 million, down from just under RM14 million in the preceding 2 years. 

Nylex trades at a trailing 12 month P/E of 15.11 times. The stock is trading well below book value, at just 0.39 times book with most of its assets last revalued between 1985 and 2005.

This article first appeared in The Edge Financial Daily, on April 6, 2015.