Adventa Bhd (-ve)
TRADING of shares in Adventa Bhd (fundamental:0.35/3, valuation: 0.3/3) triggered our momentum algorithm yesterday for the first time this year.

The counter closed 26.6% or 12.5 sen higher at 59.5 sen, giving it a market capitalisation of RM90.91 million.

The group saw 1.08 million shares changing hands compared with its 200-day average trading volume stood at 26,734 shares.

On July 25, the group announced that the sale of its entire stake in Electron Beam Sdn Bhd to Synergy Sterilisation (M) Sdn Bhd, a wholly-owned unit of New York-listed STERIS Plc, for RM75 million, cash.

The group is expecting a net gain of RM35.2 million from the disposal.

For the first quarter ended March 31, 2019 (1QFY19) the group posted a net loss of RM1.23 million on revenue of RM8.49 million.

The group said its healthcare business contributed 55% to its revenue, with the segment seeing a more than 100% drop on account of tough price competitiveness in the healthcare products distribution business.