Stock With Momentum: Minho

TheEdge Mon, Dec 09, 2019 10:31am - 4 years View Original


Minho (M) Bhd (-ve)

TRADING of shares in Minho (M) Bhd (fundamental: 1.55/3, valuation: 2/3) triggered our momentum algorithm last Friday for the third time this year.

The stock closed three sen or 11.54% higher at 29 sen, with 4.07 million shares done, compared with its 200-day average of 103,590 shares.

A fire broke out recently at Minho’s timber complex at Bandar Tun Abdul Razak in Jengka, Pahang. This affected one block of the three-storey office building located within the timber complex.

All documents, computers, furniture, office equipment and others belonging to its subsidiary Lionvest Corp (Pahang) Sdn Bhd, stored in the office building were destroyed in the fire. Minho said it had yet to ascertain the financial and operational impact of the fire incident. The group said the incident does not affect the processing and manufacturing capabilities of the company.

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