Silver Ridge Holdings Bhd (-ve)
Trading of shares in Silver Ridge Holdings Bhd (fundamental: 1.2/3, valuation: 0/3) also made it to our stocks with momentum list last Friday for the first time this year.

The stock closed down 1.5 sen or 4.69% to 30.5 sen, after 9.12 million shares were done, near four times the counter’s 200-day average of 2.33 million shares.

On Jan 16, the group said it has bagged two contracts from Telekom Malaysia Bhd (TM) with a combined value of RM5.7 million to provide maintenance and support services for Huawei. Its wholly-owned subsidiary Silver Ridge Sdn Bhd accepted the letters of award from TM on Jan 15.

The first contract, valued at RM2.58 million, ends on Dec 31, 2020, with an option to extend by one year. The second contract, valued at RM3.11 million, is for three years until Dec 31, 2021.

Silver Ridge Holdings is currently trading at 3.8 times its net book value.