Stock With Momentum: Majuperak Holdings

TheEdge Tue, Aug 28, 2018 11:06am - 5 years View Original


Majuperak Holdings Bhd (+ve)

TRADING of the shares in Majuperak Holdings Bhd (fundamental: 0.75/3; valuation: 0.9/3) triggered our momentum algorithm yesterday for the first time this year. The group saw 1.07 million shares traded, compared with its 200-day average of 169,299 shares.

The property developer’s net loss widened to RM1.42 million for the first financial quarter ended March 31, 2018 (1QFY18), from RM1.09 million a year ago.

Quarterly revenue fell 41% to RM1.25 million from RM2.12 million for 1QFY17, of which was mainly derived from merchandising sales of Nexus Jade Sdn Bhd, as well as rental and solar activies.

The stock rose one sen or 3.03% to close at 34 sen, bringing it a market capitalisation of RM67.47 million. Majuperak currently trades at 0.425 its book value.

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MJPERAK 0.300

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