Stock With Momentum: WoodLandor Holdings

TheEdge Thu, Oct 18, 2018 11:00am - 5 years View Original


WoodLandor Holdings Bhd (-ve)
TRADING of shares in WoodLandor Holdings Bhd (fundamental: 1.15/3, valuation 0.9/3) triggered our momentum algorithm yesterday for the first time this year.

The stock closed two sen or 3.17% higher at 65 sen, with 37,100 shares done versus its 200-day average volume of 3,238.5 shares.

WoodLandor posted a net profit of RM626,000 in the second quarter ended June 30, 2018 (2QFY18), up 34.9% from RM464,000 a year ago. Its quarterly revenue, however, fell 9.59% to RM6.7 million against RM7.41 million in 2QFY17.

For the cumulative six months ended June 30, 2018, the group’s net profit plunged 69.1% to RM212,000 from RM685,000 a year earlier. Its revenue also fell 19.33% to RM11.3 million against RM14.01 million a year ago.

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