Tomorrow will continue uptrend... very strong buying sentiment... moreover..this counter has very good dividend yield... 8 sen a year over 4 quarters... but you pay rm1.32 only.... better than putting money in FD
KUALA LUMPUR: Biscuits manufacturer, Hup Seng Industries Bhd, posted a higher pre-tax profit of RM72.95 million for 2015 compared with RM51.72 million in the previous year on improved sales margins.
Its revenue jumped to RM286.86 million for its financial year ended Dec 31, 2015 versus RM262.21 million the previous year.
"The increase in profit before tax is mainly due to the improved sales margin brought about by lower input costs, weaker ringgit and improved production efficiency," it said in a filing with Bursa Malaysia on Thursday.
Its fourth quarter pre-tax profit stood at RM20.10 million, higher than RM16.74 million in the corresponding quarter of 2014 while revenue rose to RM80.07 million compared with RM73.64 million previously.
Hup Seng said the group would focus more on productivity improvement in all areas of operation to prepare for tougher market conditions in 2016.
"We will also continue to identify business or investment opportunities for expansion to enhance shareholders' value," it said.
As at lunch break, its share price was traded flat at RM1.20. - Bernama
These days it appears that price does not reflect the fundamentals of the company. A company with solid results like hupseng can still trade at this kind of price. Can only conclude.. share price has no correlation with the earnings of the company ... only manipulated by the big boys in the market
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3111 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
grace123
677 posts
Posted by grace123 > 2016-02-17 17:52 | Report Abuse
like kura x2.