Stock With Momentum: UPA Corp

TheEdge Mon, Oct 09, 2017 10:28am - 6 years View Original


UPA Corp Bhd (-ve)
SHARES in UPA Corp Bhd (fundamental: 3/3, valuation: 3/3) triggered our momentum algorithm for the first time this year last Friday.

The counter closed unchanged at RM2.50 last Friday, with some 10,600 shares traded, compared with its 200-day average volume of 11,291 shares. In July, the paper and printing machine seller said the government, via the federal territory lands and mines office, notified the firm that it would be awarded RM32.67 million for the compulsory acquisition of three plots of land it owns.

UPA Corp said the compensation notice was the result of claims it had submitted to the government in relation to the acquisition, in accordance with the Land Acquisition Act 1960.

Last August, UPA Corp announced that the government would be compulsorily buying its land plots — measuring a total of 4,187.69 sq m — which housed its factory building, passageway and a power substation.

The stock has a market capitalisation of RM192.2 million and is trailing at a 12-month price-earnings ratio of 3.54 times.
 

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