Tatt Giap Group Bhd (-ve)

TRADING of shares in Tatt Giap Group Bhd (fundamental: 0.0/3, valuation: 0.3/3) added three sen or 17.14% to close at 20.5 sen yesterday, giving it a market capitalisation of RM35 million.

A total of 32.6 million shares were crossed yesterday, which are higher than its 200-day average trading volume of 3.47 million shares.

On Monday, the group announced that its wholly-owned subsidiary Superinox Pipe Industry Sdn Bhd had bagged two contracts worth a combined RM10.57 million from Dynaciate Fabricators Sdn Bhd to undertake steel fabrication and piping pre-fabrication works.

The projects are related party transactions as Dynaciate Fabricators is a wholly-owned unit of Dynaciate Engineering Sdn Bhd, which holds a 12.95% stake in Tatt Giap.

Tatt Giap is now trading at 1.85 times its net book value.