Does that mean negative to the company?

This article first appeared in The Edge Financial Daily, on February 7, 2017.


Evergreen Fibreboard Bhd (-ve)

SHARES in Evergreen Fibreboard Bhd (fundamental: 1.8/3, valuation: 1.4/3) triggered our momentum algorithm yesterday for the first time since June 2015.

The counter closed down half a sen or 0.51% at 98.5 sen, with 4.52 million shares traded, compared with its 200-day average volume of 3.36 million shares.

The particle board manufacturer’s net profit tumbled 38.8% to RM16.88 million in the third quarter ended Sept 30, 2016 from RM27.59 million a year ago, on lower average selling price of the group’s products.

The group said its quarterly profit was also affected by higher operating expenses, which mainly consisted of lower foreign exchange gain and impairment of goodwill.

Evergreen Fibreboard is currently trading at 0.77 times its book value, and has a market capitalisation of RM837.54 million.

The stock currently has a 12-months price-earnings ratio of 11.17 times.

http://www.theedgemarkets.com/my/article/stock-momentum-evergreen-fibreboard