YGL Convergence Bhd (-ve)
SHARES in YGL Convergence Bhd (fundamental: 1.55/3, valuation: 0/3) closed up 1.5 sen or 7.5% to 21.5 sen yesterday, with 3.85 million shares done compared with its 200-day average volume of 1.06 million shares. The company is mainly engaged in providing business solutions, as well as the marketing and distribution of computer software and hardware.

For its second quarter ended June 30, 2017, net profit more than doubled year-on-year to RM126,000 from RM60,000, while revenue grew 23% to RM1.56 million from RM1.27 million.

For its cumulative first half, net profit fell 12% year-on-year to RM300,000 from RM340,000, though cumulative revenue was up 13% to RM3.19 million from RM2.82 million.

At the current share price, YGL is trading at 2.93 times its book value.