KIM Teck Cheong Consolidated Bhd (-ve)
KIM Teck Cheong Consolidated Bhd (fundamental: 0.6/3, valuation: 1.1/3), which made it into our Stocks with Momentum list last Friday for the first time this year, closed two sen or 11.76% higher at 19 sen. The counter saw 17.29 million shares done, 36 times its 200-day average trading volume of 478,232 shares.

The group is principally engaged in the distribution of consumer packaged goods. It is also involved in the manufacturing of bakery products.

On Jan 22, Kim Teck Cheong announced that it had obtained the exclusive rights to use the Gardenia trademark in Sabah, Sarawak and Indonesia after inking two separate licence agreements with the registered trademark holders.

Both agreements are effective for an initial 10-year period and shall be automatically renewed for a further 10 years, unless either party gives written notice to the other party not to renew the deal.