Trading in shares of Jaya Tiasa Holdings Bhd (fundamental: 0/3, valuation: 1.2/3) triggered our momentum algorithm last Friday for the third time this year. The last time the counter was listed as a Stock with Momentum was on Nov 22.

The plantation player’s stock closed 1.42% or a sen lower at 69.5 sen, after 7.08 million shares were traded, over seven times its 200-day average trading volume of 968,179.5 shares. The stock has climbed 40.4% from a year ago.

For the first quarter ended Sept 30, 2019 (1QFY20), the group’s net profit swelled to RM15.77 million from RM871,000 for the corresponding quarter last year, while revenue grew 10.19% to RM232.53 million from RM211.02 million.

The group attributed the better earnings to a 28% increase in the sales volume of crude palm oil, together with a 24% rise in palm kernel sales. It also saw a reduction in the cost of fresh fruit bunch (FFB) production and CPO by 39% and 12% respectively, as FFB production volume rose 15% and CPO grew 22%.