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Stock With Momentum: K-Star Sports Ltd

TheEdge Mon, Aug 26, 2019 10:22am - 1 year ago

K-Star Sports Ltd (-ve)
K-Star Sports Ltd (fundamental: 0.15/3, valuation: 0.3/3), which made it into our Stocks with Momentum list last Friday for the fourth time this month, closed unchanged at 11 sen.

The counter saw 7.91 million shares crossed, 23 times more than its 200-day average trading volume of 340,569 shares.

K-Star posted another net loss of RM100,000 for the first quarter ended March 31, 2019, after accumulating over RM440 million worth of net losses since the financial year ended Dec 31, 2012.

The sports footwear company said it sees challenges to business growth but remains optimistic about potential opportunities and long-term sustainability, given its continuous effort in brand recognition as well as product innovation.

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KSTAR 0.240


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