In QE31/1/2017, Superln's net profit rose by % q-o-q or 45% y-o-y to RM6.2 million while its revenue rose by 16% q-o-q or 15% y-o-y to RM25.8 million. Revenue rose q-o-q mainly due to increase in export sales volume. PBT rose to RM8.0 million from RM6.3 million in the preceding quarter due to higher revenue & profit margin (from 28.4% to 30.9%)
Table: Superln's last 8 quarters' results
Graph: Superln's last 16 quarters' results
Superln (closed at RM2.70 last Friday) is now trading at a trailing PER of 10x (based on last 4 quarters' EPS of 26.52 sen). Based on an earning CAGR of 70%, Superln's PEG ratio is only 0.14x. Thus Superln is deemed very attractive for a growth stock.
Superlnis in an uptrend line. Last Friday, it tested the line connecting its recent peaks at RM2.70. This week may see the share price breaking thru this resistance. If that were to happen, we may see an acceleration in the uptrend for Superln.
Chart 1: Superln's weekly chart as at Mar 24, 2017 (Source: Shareinvestor.com)
Chart 2: Superln's monthly chart as at Mar 24, 2017 (Source: Shareinvestor.com)
Based on good financial performance, fairly attractive valuation & positive technical outlook, Superln could be a good stock for trading BUY.long-term investment.
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