DGB Asia Bhd (-ve)

SHARES in DGB Asia Bhd (fundamental: 1.2/3, valuation: 0.3/3) closed three sen or 27.27% higher last Friday at 14 sen. A total of 104.72 million shares were traded, versus the counter’s 200-day average trading volume of 4,583,102.5 shares.

On Oct 13, DGB managing director (MD) Datuk Seri Dr Pang Chow Huat resigned, citing “other personal commitment”. Pang, 44, was named to the board of DGB as executive director on Nov 18, 2013, before being appointed as MD on Feb 20, 2014. As at June 30, 2017, Pang had a 3.68% stake in DGB.

In a separate filing, DGB said it had appointed Ho Jien Shiung, 33, as executive director of the company. Currently, Ho sits on the board of PNE PCB Bhd and PDZ Holdings Bhd.

DGB is now trading at 1.75 times its net book value.