Friday, November 28, 2014
Innovalues: According to The Edge, share price more than doubled since start of 2H14 thanks to the company's improved financial performance, which has generated increased analyst coverage in recent mths. A more favorable sales mix and improved operational efficiency drove earnings for the Sep quarter up 68% y/y to $4.2m , its best quarterly showing so far this year. Bottom line of $10.4m for 9M14 has exceeded its entire FY13 earnings of $8.7m. Innovalues makes customised machined parts and components for the auto, office automation eqpt and oil and gas sectors. OPerations are in Msia , Thailand and China, and counts among its customers several MNCs including Sensata Tech, HP, Flextronics, and Lexmark.