Stock With Momentum: Three-A Resources

TheEdge Thu, Mar 05, 2020 11:15am - 4 years View Original


Three-A Resources Bhd (+ve)

Three-A Resources Bhd (fundamental: 2.05/3, valuation: 0.8/3) also made it into our Stocks with Momentum list yesterday for the second time in the past 52 weeks.

The stock closed 3.53% or 3 sen lower at 82 sen after some 676,600 shares were traded, over four times its 200-day average trading volume of 147,844 shares.

For the financial year ended Dec 31, 2019 (FY19), Three-A Resources made a net profit of RM29.42 million, just marginally higher than the RM29.12 million it reported for FY18, while revenue was about flat at RM436.07 million versus RM437.98 million previously.

Going forward, the group said it shall focus on efficiency initiatives through economies of scale, cost optimisation and efforts to increase productivity. Expansion plans for land acquired in the vicinity of its existing factories are also currently under way and the group is optimistic its plans would contribute positively to its business.

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