Muar Ban Lee Group Bhd (+ve)
TRADING of shares in Muar Ban Lee Group Bhd (fundamental: 2.1/3, valuation: 1.8/3), which went up one sen at RM1.38 yesterday, made it to our Stocks with Momentum list for the fourth time this month.

At the closing bell, Muar Ban Lee recorded a total trading volume of 643,000 shares, higher compared with the counter’s 200-day average of 106,372 shares.

The company saw its net profit jump 58.14% to RM2.1 million in the first quarter of financial year 2019 (1QFY19) ended March 31, 2019 from RM1.33 million on higher revenue. Its revenue also climbed 16.5% to RM32.79 million for 1QFY19 from RM28.15 million for 1QFY18.

On prospects, the company said it expects the operating environment to remain challenging and competitive. The company said it would continue to focus on its core business and to further strengthen its market position by expanding its customer base and market shares.