GPA Holdings Bhd (-ve)
TRADING of shares in GPA Holdings Bhd (fundamental: 1.2/3, valuation: 0.3/3) triggered our momentum algorithm on Tuesday for the seventh time this year.

The stock closed one sen or 8.33% higher at 13 sen on Tuesday, with 5.58 million shares done, compared with the average 313,919 shares recorded in the past 200 days.

The group manufactures automotive batteries for the domestic and export markets. It also makes rechargeable maintenance-free sealed lead acid batteries used as back-up power sources for standby and cyclical applications.

On March 6, GPA ceased trading and distribution of personal care products under its subsidiary Kenola Sdn Bhd to mitigate the negative impact and losses incurred.

While its financial year 2019 (FY19) earnings are expected to be affected by an impairment loss and retrenchment cost to be incurred, the group said it expects its FY20 operating results to improve.