Mainstream
Does Pentamaster’s rally still have legs?
Wei Lynn Tang | 31 Mar 2017 00:30
The rally in Penta­master Corp Bhd’s shares doesn’t seem to be stopping – already, the counter has surged fourfold in the past 12 months.
 
Year to date, it has risen 78%. This is a feat considering it beat the FBM KLCI’s 7% gain by 11 times and is double the 39% increase chalked up by Bursa Malaysia’s Technology Index in the same period.
 
Equally, earnings of the Penang-based automated equipment company have grown from strength to strength – leapfrogging from RM3 mil in the first quarter ended March (Q1 2016), to RM9.5 mil in the final quarter of FY16.

On an annual basis, its FY16 earnings per share doubled to 18.5 sen.