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SUPERLN (7235) - Stocks With Momentum: Superlon
March 16, 2015 : 10:48 AM MYT 

Superlon Holdings Bhd  (+ve)

SHARES for Superlon (Fundamental: 2.1/3, Valuation: 1.2/3) saw a surge in volume on Friday, the day after it announced improved 3Q earnings results for the financial year ending April 2015. Its stock price rallied 17.5% to a 3-year high of 94 sen.

The company is involved in the manufacturing of nitrile butadiene rubber (NBR) foam insulation materials for the heating, ventilation, air conditioning and refrigeration (HVAC&R) industry. It also trades in parts and equipment for HVAC&R. Almost 70% of its total revenue is derived from export sales to Asia, Africa, and America.

Revenue rose 19.2% to RM53.64 million for 9MFY2015 while net profit expanded 28.9% to RM6.14 million. The company attributes this to improved sales from its manufacturing division.

The company has paid dividends totaling 6 sen per share, including special dividend of 4 sen, for FY2015, so far. This translates into net yield of 6.3%.

Superlon_160315

http://www.theedgemarkets.com
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