Jobst's net profit inched higher

Jobst has just announced its results for 3Q2008 ended 30/9/2008, where its net profit increased by 28% q-o-q or 30% y-o-y to RM11.6 million. Turnover increased by 27% y-o-y to RM27.6 million, but was only marginally higher than the preceding quarter's turnover of RM27.3 million.



Jobst's share price has drifted back to its long-term uptrend line support of around RM1.20.


Chart: Jobst's monthly chart as at Nov 24, 2008 (source: Quickcharts)

Based on continued healthy financial performance, attractive valuation & nice technical picture, I believe Jobst is good stock to add to your portfolio.