Public Packages Holdings Bhd (-ve)

Public Packages Holdings Bhd (fundamental: 2.1/3, valuation: 1.7/3), which finished unchanged at its historical high of RM1.28 yesterday, triggered our momentum algorithm for the second time this year.

At the closing bell, Public Packages recorded a total trading volume of 7.5 million shares, sharply higher compared with its 200-day average of 942,375 shares.

Trading activity in Public Packages picked up since late last year, which has pushed up its stock price by over 80% from when it was trading at 70 sen in November.

The company is involved in the manufacturing and supply of adhesive tape, packing clips and bands, corrugated cartons and offset printing.

Its earnings have been on a steady uptrend in the past five years, with revenue rising from RM153.51 million for the financial year ended Dec 31, 2014 (FY14) to RM198.26 million for FY18.

Full-year net profit for FY18 stood at RM19.01 million.