ES Ceramics Technology (-ve)
TRADING of shares in ES Ceramics Technology Bhd (fundamental: 1.9/3, valuation: 2.6/3) triggered our momentum algorithm yesterday for the first time since June 2016.

The counter closed one sen or 6.25% higher at 17 sen, with 53,000 shares changing hands, lower than its 200-day average volume of 126,579 shares.

ES Ceramics reported a net profit of RM875,000 in the fourth quarter ended May 31, 2019 (4QFY19), versus a net loss of RM649,000 in the same period last year due to the impairment loss on trade receivables in the previous year.

Its quarterly revenue was 59% higher at RM9.38 million, from RM5.9 million.

For the full FY20, the company saw its net profit triple to RM786,000, from RM234,000 last year, while revenue increased 29% to RM32.49 million, from RM25.19 million.

At the current share price, ES Ceramics is trading at 0.68 times its book value.