Stock With Momentum: Talam Transform
Talam Transform Bhd (-ve)
TRADING of shares in Talam Transform Bhd (fundamental: 0.9/3, valuation: 0.6/3) triggered our momentum algorithm yesterday, with 46.19 million shares done versus a 200-day average trading volume of 2.25 million shares. The counter closed half a sen up or 12.5% to 4.5 sen yesterday for a market value of RM189.91 million.
On March 29, the group saw a widening net loss of RM9.86 million for the fourth quarter ended Jan 31, 2019 versus a net loss of RM8.36 million in the previous year’s corresponding quarter. This was despite an increase in quarterly revenue to RM30.46 million from RM25.6 million a year ago. The increase in net loss was mainly due to the gross loss generated from the sale of certain pieces of land not strategically located.
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