Turiya Bhd (-ve)
TRADING of shares in Turiya Bhd (fundamental: 0.55/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the first time this year.

At the closing bell yesterday, its share price settled one sen, or 7.14% higher, at 15 sen, giving it a market capitalisation of RM34.3 million. A total of 622,500 shares were traded, versus the 200-day average trading volume of 16,225 shares.

The group slipped into a net loss of RM111,000 in the second quarter ended Sept 30, 2018 against a net profit of RM793,000 in the previous year.

The profit in the preceding year’s corresponding quarter was mainly due to gain on reclassification of translation reserve from other comprehensive income in the quarter.

However, the group’s net profit jumped more than twofold in the cumulative six-month period to RM1.13 million from RM563,000 a year ago due to higher revenue from one new tenant and the electroplating business.

Turiya is trading at 0.28 times its net book value.