Sern Kou Resources Bhd (-ve)
SHARES in Sern Kou Resources Bhd (fundamental: 0.8/3, valuation: 0.2/3) triggered our momentum algorithm yesterday for the third time this year.

Sern Kou closed up one sen or 0.62% at RM1.63, with 947,900 shares changing hands, versus the counter’s 200-day average volume of 139,989 shares. The group's market capitalisation stood at RM195.6 million.

Sern Kou is principally involved in the manufacturing of dining furniture, occasional sets, living room sets and bedroom sets for original equipment manufacturer and original design manufacturer.

In its second financial quarter ended Dec 31, 2017 (2QFY18), Sern Kou‘s net profit surged by more than six times to RM4.25 million from RM619,000 a year ago.

Quarterly revenue rose 16.4% to RM39.19 million in 2QFY18, from RM33.68 million in 2QFY17, mainly derived from its manufacturing, and kiln drying and saw mill segments.

As of yesterday, its shares were trading at 2.67 times its net book value.