ES Ceramics Technology Bhd (+ve)
SHARES in ES Ceramics Technology Bhd (fundamental: 1.3/3, valuation: 0.8/3) triggered our algorithm for the fifth time this month, as trading volume surged to 47.57 million shares or 166 times its 200-day average of 285,174 shares.

The counter jumped nine sen or 34.62% to close at its two-year high of 35 sen yesterday. Since the end of last year, the stock has risen by some 70.73% or 14.5 sen.

ES Ceramics is predominantly involved in the business operation of hand formers, with operations in Malaysia and Thailand.

For the first financial half ended Nov 30, 2019, ES Ceramics’ net profit more than quadrupled to RM2.04 million from RM494,000 a year ago, as revenue grew 19.79% to RM17.7 million from RM14.78 million.