KUALA LUMPUR, Feb 17 (Bernama) -- Bursa Malaysia’s main index finished lower today as selling by foreign funds persisted, amid the better performance in most regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 8.84 points, or 0.55 per cent, to 1,582.76 compared with last Friday’s close of 1,591.60. The benchmark index opened 0.88 of-a-point higher at 1,592.48, marking its intraday high, and subsequently slid to a low of 1,580.94 during mid-afternoon session. In the broader market, losers thumped gainers 715 to 313, while 465 counters were unchanged, 815 untraded and 10 suspended. Turnover shrank to 2.98 billion units worth RM1.95 billion from 3.27 billion units worth RM2.40 billion last Friday.
SKB Shutters Corp Bhd (-ve)
Shares in SKB Shutters Corp Bhd (fundamental: 0.75/3, valuation: 0.9/3) triggered our momentum algorithm last Friday for the first time. It saw a total of 4,000 shares traded that day, versus its 200-day average volume of 823.5 shares. The counter closed up 2.5 sen or 3.85% at 67.5 sen.
In April, SKB secured a US$10.8 million contract for the supply of racking solutions and automated storage and retrieval system (ASRS) for Hund Vuong Corp Ltd, one of the largest seafood processing and
export groups in Vietnam.
The company also indicated it was expecting more business from the racking solutions and ASRS segment, going forward.
For the financial year ended June 30, 2016, the company reported a narrower net loss of RM423,000, compared with RM515,000 in the previous year, after a 9% increase in revenue to RM55.77 million.
SKB is trading at 0.34 times its net asset value. It did not pay dividends for the financial year ended June 30, 2015.
Source: http://www.theedgemarkets.com/my/article/stock-momentum-skb-shutters-corp?type=Stock%20with%20Momentum
Comments
Post a Comment