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Stock With Momentum: Ahmad Zaki Resources

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Stock With Momentum: Ahmad Zaki Resources

Post by Cals Sun 10 Apr 2016, 23:02

Stock With Momentum: Ahmad Zaki Resources

By Asia Analytica / The Edge Financial Daily | April 8, 2016 : 11:25 AM MYT

This article first appeared in The Edge Financial Daily, on April 8, 2016.

Ahmad Zaki Resources Bhd (-ve)
SHARES of construction outfit Ahmad Zaki Resources Bhd (AZRB) (fundamental: 0.6/3; valuation: 2/3) triggered our momentum algorithm for the second consecutive day yesterday as its stock price rose as much as 3.5 sen or 4.8%, before easing half sen to close at 75.5 sen.
It saw 12.48 million shares traded, compared to its 200-day average volume of 371,396 shares. Its share price has jumped 32.5% since March 11.
Last month, AZRB was awarded the first viaduct work package for the construction of the Mass Rapid Transit (MRT) Sungai Buloh-Serdang-Putrajaya (SSP) Line, worth RM1.44 billion.
On Monday, AZRB said it had received the letter of acceptance from Mass Rapid Transit Corp Sdn Bhd (MRT Corp) on Apr 1.
The stock currently trades at a trailing 12-month P/E of 15.28 times and is at 1.07 times its book value.
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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
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Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

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