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Stock With Momentum: SC Estate Builder

TheEdge Thu, Aug 01, 2019 10:44am - 6 months ago

SC Estate Builder Bhd (+ve)
TRADING of shares in SC Estate Builder Bhd (fundamental:1.5/3, valuation:1.1/3) triggered our momentum algorithm yesterday for the second time this year.

The last time the counter triggered the algorithm was on April 12.

The counter closed half a sen or 10% lower at 4.5 sen, giving it a market capitalisation of RM39.74 million

A total of 8.49 million shares were traded compared with its 200-day average trading volume 743,869 shares.

For the first financial quarter ended April 30, 2019 (1QFY19) the group narrowed its net loss to RM467,000 from RM542,000 a year ago.

Quarterly revenue declined 39.9% to RM515,000, from RM857,000 in 1QFY18.

The group attributed its results to slow progress in its construction, and construction services and building materials segments.

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