PMB Technology Bhd (-ve)
SHARES in  (fundamental: 0.8/3, valuation: 0.5/3) triggered our proprietary momentum algorithm yesterday for the second time this year.

The stock closed 23 sen or 6.99% higher at RM3.52, giving it a market capitalisation of RM545.4 million. A total of 1.4 million shares were traded, compared with its 200-day average volume of 159,358

shares.

PMB Technology saw a 27.7% drop in net profit for the fourth quarter ended Dec 31, 2017 to RM2.65 million from RM3.66 million a year ago.

However, its revenue rose 24% year-on-year to RM117.1 million, mainly due to higher contribution from the construction and fabrication segment.

At the current share price, PMB Technology is trading at 1.74 times its book value.