Stock With Momentum: KUB Malaysia
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Stock With Momentum: KUB Malaysia
Stock With Momentum: KUB Malaysia
By Asia Analytica / The Edge Financial Daily | May 11, 2016 : 11:52 AM MYTThis article first appeared in The Edge Financial Daily, on May 11, 2016.
KUB Malaysia Bhd (-ve)
Shares in KUB Malaysia Bhd (fundamental: 1.55/3, valuation: 1.5/3) triggered our momentum algorithm for the first time, following trades of 5.72 million shares yesterday, compared with its 200-day average volume of 853,023. KUB closed up 1.5 sen or 4.92% at 32 sen yesterday.
The counter has attracted some interest in recent days, gaining four sen or 14% since its closing price of 28 sen on May 5, after the group indicated that it expects a better performance this year, despite the challenging environment.
President and group managing director Datuk Abdul Rahim Mohd Zin said the group is targeting to grow its core businesses, namely energy, plantations and information, communications and technology.
The stock trades at 0.6 times its book value. KUB did not declare any dividend in 2015.
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