Stock With Momentum: RGB International

TheEdge Fri, Jan 31, 2020 10:58am - 4 years View Original


RGB International Bhd (-ve)
TRADING in shares of RGB International Bhd (fundamental: 2.1/3, valuation: 1.8/3) triggered our momentum algorithm yesterday for the first time this year.

The last time the counter triggered the momentum algorithm was on Jan 22, 2019.

Shares in RGB closed 11.43% or two sen higher at 19.5 sen yesterday, valuing the company at RM301.91 million.

The counter saw 60.98 million of its shares traded, exceeding its 200-day average trading volume of 1.44 million shares.

For the third quarter ended Sept 30, 2019, the company saw its net profit dip to RM11.18 million, from RM11.99 million seen for the corresponding quarter last year.

Meanwhile, its quarterly revenue increased by 29.07% to RM111.63 million from RM86.49 million, on the back of better performances of its sales and marketing and technical support and management divisions.

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