This article first appeared in The Edge Financial Daily, on May 31, 2016.
JHM Consolidation Bhd (-ve)
JHM Consolidation Bhd (fundamental: 1.1/3, valuation: 0.2/3), which triggered our momentum algorithm for the first time yesterday, closed 7.5 sen or 11.63% higher at 72 sen, after some 8.66 million shares were traded. In comparison, its 200-day average stood at 1.13 million shares.
JHM is primarily engaged in the design and development of micro-electric components, such as components related to high-brightness LED and fine pitch connector pins.
The group recorded a 82.25% increase in its revenue to RM45.65 million in the first quarter ended March 31, 2016, against RM25.05 million in the previous corresponding period a year ago.
Net profit rose to RM2.75 million from RM1.79 million, due to higher volume loading from customers, coupled with improvements in productivity.