JayCorp Bhd (-ve)
SHARES in JayCorp Bhd (fundamental: 2.8/3, valuation: 3/3) made it into our Stocks with Momentum list yesterday for the seventh time this year. The last time it was featured by our Stocks with Momentum was July 15.

The counter closed unchanged at RM1.19 after 216,400 shares were traded, exceeding its 200-day average volume of 111,342 shares. Year to date, the rubberwood furniture manufacturer’s share price has surged 43.37% from 83 sen.

In July, the company said it was partnering with Hong Kong-based Honsoar International Ltd (HIL) to manufacture and sell kitchen cabinets and bathroom vanity cabinets.

To undertake this business, a 60:40 joint venture company — Honsoar Cabinetry Sdn Bhd — has been established between JayCorp and HIL. It is anticipated to commence business by the second quarter of financial year ending July 31, 2020.