Kamdar Group (M) Bhd (-ve)
SHARES in Kamdar Group (M) Bhd (fundamental: 0.85/3, valuation: 1.1/3) which also triggered our momentum algorithm last Friday for the first time this year, closed up two sen or 5.33% at 39.5 sen.

The group saw 83,000 shares were traded, versus the counter’s 200-day average volume of 16,850 shares. The group’s market capitalisation stood at RM78.21 million.

Kamdar, via its subsidiaries, are involved in the retail of textile and textile-based products. Its chain of Kamdar stores specialises in textile fabric, furnishing fabric, in-house designed garments for ladies, men and children.

In the third quarter ended Sept 30, 2017, Kamdar returned to the black with a net profit of RM1.32 million compared to a net loss of RM2.79 million recorded in the same quarter a year ago, with an improved gross margin as the group enjoyed a fairly stable foreign currency movement during 2017, compared to the previous year.