GDB Holdings Bhd (-ve)
GDB Holdings Bhd (fundamental: N/A, valuation: N/A), which closed 3.5 sen or 8.05% higher at a record high of 47 sen yesterday, made it into our Stocks with Momentum list for the third time this year.

The counter recorded a total trading volume of 19.09 million shares, sharply higher compared with its 200-day average of 1.36 million shares.

The ACE Market-listed construction services firm announced last Friday that it had secured a 15-month contract worth RM67.9 million to undertake construction works as main contractor for the Hap Seng Star Mercedes-Benz Autohaus in Setia Alam, Selangor.

This is GDB’s third Hap Seng contract, following contracts to build the 22-storey Hyatt Centric hotel in Kota Kinabalu, Sabah earlier this month and the 26-storey Menara Hap Seng 3 in Kuala Lumpur City Centre in 2017.