BCB Bhd (-ve)
SHARES in BCB Bhd (fundamental: 0.6/3, valuation: 2.1/3) closed 4.5 sen or 13.85% higher at its 13-month high of 37 sen yesterday. The stock made it into our Stocks with Momentum list for the first time in three years. It was last featured in October 2016.

At the closing bell, BCB recorded a total trading volume of 2.27 million shares, sharply higher compared with its 200-day average of 107,185 shares.

For the first quarter ended Sept 30, 2019, the group’s net profit rose 73.8% year-on-year to RM13.55 million from RM7.79 million, thanks to better sales at its property development segment. Quarterly revenue grew 10.1% to RM105.12 million from RM95.5 million.

The property developer said despite the property market being lacklustre in the past three years, it is optimistic about its performance for financial year 2020.