Stock With Momentum: RGB International

TheEdge Wed, Feb 05, 2020 10:59am - 4 years View Original


RGB International Bhd (-ve)
TRADING of shares in RGB International Bhd (fundamental: 2.1/3, valuation: 1.8/3), which triggered our proprietary momentum algorithm yesterday for the second time this year, closed up one sen or 5.56% at 19 sen.

A total of 22.15 million shares were done, versus its 200-day average trading volume of 1.82 million shares.

RGB is mainly involved in the sales and marketing of gaming machines and equipment in Asia.

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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