Landmarks Bhd (+ve)
TRADING of shares in Landmarks Bhd (fundamental: 1.65/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the first time this year.

The last time it triggered our momentum algorithm was on Jan 25, 2018.

The counter closed 2.5% or 1.5 sen lower to 58.5 sen, giving the company a market capitalisation of RM309.4 million. Trading volume totalled 1.18 million yesterday, compared with its 200-day average trading volume of 123,571 shares.

For the first quarter ended March 31, 2019, Landmarks’ net loss widened to RM10.96 million, from RM3.3 million in the corresponding quarter last year. Quarterly revenue declined 2.36% to RM29.84 million, from RM30.56 million. The group attributed its lower revenue and higher net loss to a decline in revenue at its Chill Cove at Treasure Bay Bintan resort as well as the conversion of The Canopi resort to Tribute Portfolio Resort by Marriott, which resulted in a lower occupancy rate on account of renovations.