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Stock With Momentum: Notion VTec

TheEdge Thu, Oct 10, 2019 11:05am - 7 months ago

Notion VTec Bhd (+ve)
Trading of shares in Notion VTec Bhd (fundamental: 2.7/3, valuation: 2.4/3) triggered our momentum algorithm yesterday for the first time since September last year.

The counter closed 2.5 sen or 4% higher at 65 sen yesterday, with 5.67 million shares traded, five times more than its 200-day average volume of 1.02 million shares.

The company’s net profit dropped 90.26% to RM1.87 million for the third quarter ended June 30, 2019 from RM19.19 million for the same period last year, due to lower operating income as revenue fell 16.31% to RM56.36 million from RM67.34 million.

For the cumulative nine months ended June 30, 2019, Notion VTec reported a net loss of RM4.49 million, versus a net profit of RM8.26 million a year ago, while revenue slipped 7.13% to RM172.75 million from RM186.02 million.

At its current share price, Notion VTEC is trading at 0.54 times its book value.

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NOTION 0.745


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