Minda Global Bhd (-ve)
TRADING of shares in Minda Global Bhd (fundamental: 0.95/3, valuation: 0.9/3) triggered our momentum algorithm last Friday for the fifth time this month.

Minda Global closed up one sen or 11.76% at 9.5 sen, after 16.35 million shares were traded, versus the counter’s 200-day average volume of 983,361.5 shares.

The integrated private education firm operates the flagship Cyberjaya University College of Medical Sciences, as well as the Asia Metropolitan University, the Asia Metropolitan College, and the Asia Metropolitan International School. In the first quarter ended March 31, 2019, Minda Global narrowed its net loss to RM3.26 million from RM4.58 million previously, as revenue grew 3.21% to RM23.5 million from RM22.77 million, thanks to the disposal gain, more active students in the period, and manpower cost savings.

As of last Friday, Minda Global shares were trading at 0.53 times its net book value.