Jerasia Capital Bhd (+ve)

SHARES in Jerasia Capital Bhd (fundamental: 0.35/3, valuation: 1.1/3), which gained one sen or 1.49% to close at 68 sen yesterday, triggered our momentum algorithm for the first time this month.

One million shares were exchanged, compared with the stock’s 200-day average volume of 89,621.

The company’s share price has risen significantly since last week, jumping 16.5 sen or 32% to close at 67.5 sen on Oct 19, from its closing of 51 sen on Oct 18.

The jump triggered an unusual market activity query from the bourse regulator, though Jerasia said it wasn’t aware of the reason behind the sudden gain.

For the second quarter ended Sept 30, 2015 (2QFY16), the company’s net profit rose 32% y-o-y to RM1.28 million, as revenue rose 18% to RM94.92 million.

Jerasia is trading at 0.39 times its net book value.