Stock With Momentum: LFE Corp Bhd

TheEdge Thu, Dec 12, 2019 10:27am - 4 years View Original


LFE Corp Bhd (-ve)
TRADING of shares in LFE Corp Bhd (fundamental: 0.75/3, valuation: 0.3/3) triggered our momentum algorithm yesterday for the second time this year.

The stock settled half a sen or 2.27% lower at 21.5 sen yesterday. A total of 6.65 million shares were crossed, 41 times higher compared with the counter’s 200-day average trading volume of 158,530 shares.

On Nov 29, the mechanical and electrical engineering services provider said it recorded a net profit of RM482,000 for the third quarter ended Sept 30, 2019 on the back of a RM5.61 million revenue.

For the cumulative nine months ended Sept 30, 2019, it recorded a net loss of RM1.3 million while reporting a RM10.32 million revenue. There were no comparative figures due to the company changing its financial year end from July 31 to Dec 31.

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