Saudee Group Bhd (+ve)
SHARES in Saudee Group Bhd (fundamental: 0.35/3, valuation: 0.3/3), which triggered our momentum algorithm yesterday for the fifth time this year, settled four sen or 8.42% higher at 51.5 sen.

Some 3.48 million shares were traded, compared with its 200-day average volume of 315,162 shares.

Formerly known as Sinaria Corp Bhd, the group is involved in the manufacturing and sale of fresh and frozen foods, processed poultry beef and bakery products.

For the recent quarter ended May 31, 2017, Saudee’s net profit stood at RM670,000 or 0.56 sen per share, with a revenue of RM31.97 million. There was no comparison period as the group recently changed its financial year end to July 31.