Sino Hua-An tops the list of the 5 most appreciated counters based on share price value
By DASHVEENJIT KAUR / Pic By TMR File
The FTSE Bursa Malaysia KLCI (FBM KLCI) has risen 6.5% this year and 8.4% for the last 12 months. But 21 counters on the local bourse have surged more than 200% in value over the last one year.
A check on Bloomberg showed 17 counters’ share prices had appreciated between 200% and 600%, while four listed companies are now 400% to over 900% more expensive than they were traded 12 months ago.
Here are the five most appreciated counters based on share price value.
Sino Hua-An International Bhd
Topping the list is Sino Hua-An. The metallurgical coke producer has risen 980% in its share price value.
The company — which has operations in China — saw its share price soaring 24 sen, or 1,000%, to 27 sen from just three sen a year ago.
Sino Hua-An is also the first Chinabased company to be listed on Bursa Malaysia.
The stock rise has already risen 22% in the past month and boasts a market capitalisation of RM269 million.
The company’s share price has been surging after reporting positive financial results back to back since the second quarter ended June 30, 2017 (2Q17), following the expiry of its leasing tenure.
As the lease period was from February 2016 to January 2017, there was no revenue recorded during the corresponding quarter in the preceding year.
The 2Q17 saw the company posting a profit of RM21.98 million compared to losses of RM9.61 million in the previous corresponding quarter.
Revenue for 2Q17 came in at RM259.01 million compared to the same period last year — where no revenue was recorded by the company.
For the six-month period of January to June, the company recorded earnings of RM20.97 million compared to losses of RM23.25 million in the same period the year before.
After a rather good recovery in the 2Q, Sino Hua-An climbed to its 52-week high with its share price of 31 sen, after recording an increase in earnings for the 3Q ended Sept 30, 2017.
Sino Hua-An said in its filing to the local bourse that its net profit stood at RM34.15 million in the 3Q versus a net loss of RM10.2 million a year earlier.
The company reported a net profit of RM55.12 million in the first nine months of 2017 compared to a net loss of RM33.45 million a year earlier.
Palette Multimedia Bhd
Palette Multimedia — an ACE Market- listed information technology (IT) company — saw its share price surging 709%, or 39 sen, in the last 12 months.
This year alone, the share price of the broadband, wireless and networking services company hit a five-year high.
Shares of the IT company were only five sen a year ago. As of Tuesday, its counter closed at 48 sen, with a market capitalisation of RM155.81 million.
The stock rose 32% in the past month alone, compared to the 4.4% decrease for the company’s Bloomberg peers and the 0.9% decline on the FBM KLCI.
Early this year, Palette Multimedia turned around in its 4Q ended May 31, 2017.
The company recorded a profit of RM664,000 with a revenue of RM4.91 million.
For the full year, the company was still in the red with losses of RM802,000 and income at RM5.71 million.
Recently, the company registered a net profit of RM3.03 million for the 1Q ended Aug 21, 2017, compared to the previous corresponding quarter’s net loss of RM516,000.
The broadband, networking, and mobile health company reported a revenue of RM7.84 million during the quarter under review, of which RM7.83 million was contributed by its operations in Russia.
Almost all of its revenue in the period, some 99.97%, was contributed from its Russian venture.
The company has also been garnering a steady stream of revenue after securing a series of contracts from the start of this year.
Palette Multimedia said it has combined the latest innovative technologies namely medical technology, artificial intelligence and big data in i-medic.
VisDynamics Holdings Bhd
VisDynamics was among the semiconductor stocks that have experienced a surge in share prices, rising 455.56% in the last 52 weeks.
The company, which is involved in the design of back-end semiconductor equipment, was traded at 22 sen 12 months ago. It closed at RM1.25 on Tuesday with a market capitalisation of RM140.46 million.
In the first nine months of this year, the company has been slapped with an unusual market activity query twice, on February and May respectively, due to the sudden surge of its share price.
Early this year, the company said it was open to any takeover offers to establish a more sustainable earnings stream, although its takeover bid of an Indonesian IT company fell through last year.
The tech company posted a record net profit of RM4.3 million for the financial year 2016 (FY16) compared to a loss of RM666,000 the previous year.
Revenue jumped 2.9 times to RM27.47 million versus RM9.43 million.
The stronger financial performance was driven by an increase in sales of machines.
Prior to this, its earnings had been volatile — sinking into the red for five years in FY08, FY09, FY12, FY13 and FY15 since listing in 2006, with net losses ranging from RM666,000 to RM1.49 million.
VisDynamics trades at 21.9 times, trailing 12-month earnings per share. The stock returned 245% so far this year with a gain of 455% in the past 52 weeks.
Techfast Holdings Bhd
A little known Malaysian stock that has surged over 400%, Techfast was featured by Bloomberg as one of the best performers in Malaysia’s equity market.
A Malaysian supplier of everything from screws and self-clinching fasteners, to materials for light-emitting diodes, the firm has surged more than fivefold this year alone.
From 15 sen one year ago, Techfast today is priced at 79 sen, a 440% increase, and valued at RM180.24 million.
Techfast trades at 46.1 times, trailing 12-month earnings per share. The stock returned 466% so far this year compared to a near 80% advance for a Malaysian index of technology shares.
That ranks in the top three of the country’s more than 900 listed companies, according to data compiled by Bloomberg.
Techfast’s profit surged 73% yearon- year to RM1.7 million in the six months ended June, helped partly by increased sales of its fasteners which are used in everything, from flatscreen televisions to cars.
Focus Dynamics Group Bhd
Shares of this firm surged 394% in the last one year and achieved its highest peak since July 2017. In the last 10 months alone, shares of Focus Dynamics have gained 367%.
The company — which has recently introduced its latest food and beverage and lifestyle hub called “The Arch” at Jalan Tun Razak, Kuala Lumpur — has had its share price on an uptrend since the beginning of this year.
In the first six months to June 30, 2017, Focus Dynamics posted a net profit of RM2.84 million against a net loss of RM5.4 million a year ago. Its revenue for the period was higher at RM13.4 million from RM6.7 million previously.
Focus Dynamics, which was trading at nine sen a year ago, closed at 42 sen yesterday, with a market capitalisation of RM326.57 million.
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