KSL Holdings Bhd (-ve)

KSL Holdings Bhd (fundamental: 2.7/3, valuation: 1.5/3) has made it into our stocks with momentum list for the fourth time this year.

The stock closed unchanged at 86.5 sen yesterday, after 1.35 million shares were traded, much higher than the counter’s 200-day average of 340,189 shares.

In the third quarter ended Sept 30, 2018 (3QFY18), KSL’s net profit jumped 65% to RM54.09 million from RM32.83 million in the previous year, thanks to a change in sales mix and recognition from ongoing projects.

Revenue rose 33% to RM187.19 million from RM140.59 million a year ago.

For the cumulative nine months, its net profit grew 3% to RM132.86 million from RM129.47 million a year ago, while revenue rose 4% to RM468.14 million from RM448.41 million.

KSL is currently trading at 0.32 times its net book value.