CAMRES (7128) - Stocks With Momentum: CamRes
CAM Resources Bhd (+ve)
SHARES for CamRes (Fundamental: 1/3, Valuation: 2.4/3) rose to a 3-year high of 39 sen yesterday on the back of increased volume. The rally coincided with the company’s announcement to distribute one treasury share for every ten shares held, and positive quarterly results released the week before.
Net profit in 2014 more than tripled to RM6.55 million while revenue increased some 34% to RM214.32 million. This translates into a 3% net margin, as compared to only 1.1% the previous year. The higher net margin was underpinned by increased sales volume, higher margin products in general, and increased efficiency for the oil mill segment.
To recap, CamRes is principally involved in the business of trading and manufacturing of stainless steel kitchenware and sinks. In 2012, it diversified its earnings by acquiring Central Palm Oil Mill to manufacture and trade crude palm oil, palm kernel and related products.
This article first appeared in The Edge Financial Daily, on March 10, 2015.
http://www.theedgemarkets.com/my/article/stocks-momentum-camres
CAM Resources Bhd (+ve)
SHARES for CamRes (Fundamental: 1/3, Valuation: 2.4/3) rose to a 3-year high of 39 sen yesterday on the back of increased volume. The rally coincided with the company’s announcement to distribute one treasury share for every ten shares held, and positive quarterly results released the week before.
Net profit in 2014 more than tripled to RM6.55 million while revenue increased some 34% to RM214.32 million. This translates into a 3% net margin, as compared to only 1.1% the previous year. The higher net margin was underpinned by increased sales volume, higher margin products in general, and increased efficiency for the oil mill segment.
To recap, CamRes is principally involved in the business of trading and manufacturing of stainless steel kitchenware and sinks. In 2012, it diversified its earnings by acquiring Central Palm Oil Mill to manufacture and trade crude palm oil, palm kernel and related products.
This article first appeared in The Edge Financial Daily, on March 10, 2015.
http://www.theedgemarkets.com/my/article/stocks-momentum-camres
