Saturday 30 Nov 2024
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This article first appeared in The Edge Financial Daily, on December 28, 2016.

 

Notion Vtec Bhd (-ve)

SHARES in Notion Vtec Bhd (fundamental: 2.35/3, valuation: 1.2/3) triggered our momentum algorithm for the fifth time this year. The counter closed 2.5 sen or 5.81% higher at 45.5 sen yesterday, with 2.74 million shares traded. In comparison, its 200-day average volume was only around 350,575 shares.

Notion Vtec posted a net profit of RM4.64 million in the fourth quarter ended Sept 30, 2016 from a net loss of RM10.51 million, on higher revenue and other operating income. Revenue rose 7.48% to RM59.6 million from RM55.45 million.

For the financial year ended Sept 30, 2016 (FY16), Notion Vtec saw a turnaround with a net profit of RM5.41 million compared to a net loss of RM13.02 million in FY15.

Revenue fell 3.9% to RM230.37 million from RM239.73 million.

Notion Vtec declared an interim dividend of one sen per share for FY16, payable on Jan 16, 2017. The ex-date and entitlement date were Dec 22 and Dec 27, respectively.

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