Bursa Community

Would you like to react to this message? Create an account in a few clicks or log in to continue.

Stock With Momentum: M3 Technologies (Asia)

Bursa Community :: Community News

Page 1 of 1

Stock With Momentum: M3 Technologies (Asia)

Post by Cals Tue 24 May 2016, 01:54

Stock With Momentum: M3 Technologies (Asia)

By Asia Analytica / The Edge Financial Daily | May 23, 2016 : 11:08 AM MYT
This article first appeared in The Edge Financial Daily, on May 23, 2016.

M3 Technologies (Asia) Bhd (+ve)
SHARES in M3 Technologies (Asia) Bhd (M3 Tech) (fundamental: 1.55/3, valuation: 0.3/3) rose by 1.96% to 26 sen last Friday, with 18.8 million shares traded. In comparison, its 200-day average volume was only about 1.15 million shares.
The company was just featured in “Stocks with Momentum” on May 5, when its share price was at 20 sen, but had seen a 30% rise in only about two weeks.
On May 13, the share price jumped 17.1% to 24 sen, from 20.5 sen in a day, after an announcement to Bursa Malaysia on May 12 that showed XOX Bhd had emerged as a substantial shareholder of the company, following the acquisition of two million shares on May 12 that brought XOX’s total holding to 11.69 million shares, representing a 5.92% stake.
At the current level, M3 Tech is trading at 1.83 times its book value, with a market capitalisation of RM50.6 million.
[You must be registered and logged in to see this image.]

Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
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

Similar topics

» Stock With Momentum: M3 Technologies (Asia)
» Insider Asia’s Stock Of The Day: Uchi Technologies
» Insider Asia’s Stock Of The Day: Uchi Technologies
» Stock With Momentum: Supercomnet Technologies
» Stock With Momentum: Mclean Technologies

Bursa Community :: Community News

Page 1 of 1

Permissions in this forum:

You cannot reply to topics in this forum

My Great Web page

Disclaimers and Important Announcement

Latest topics

» July 22-Companies in the news CIMB, Gromutual, Pantech, Scomi Engineering, Public Bank and Sime Darby
by Cals Fri 22 Jul 2016, 01:35

» Market Close KLCI down 12.07pts on 1MDB probe
by Cals Fri 22 Jul 2016, 01:34

» Gadang's 4Q net profit climbs 20% on better margins, higher revenue
by Cals Fri 22 Jul 2016, 01:34

» Yong Tai warrant holders approve Sino Haijing’s capital injection
by Cals Fri 22 Jul 2016, 01:33

» Stocks With Momentum TMC, Bursa, E&O, Asia Media, GSB, Marco, XOX
by Cals Fri 22 Jul 2016, 01:32

» Stock With Momentum: Pecca Group
by Cals Fri 22 Jul 2016, 01:32

» Market Open KLCI rattled by U.S. DoJ kleptocrasy case in 1MDB matter
by Cals Fri 22 Jul 2016, 01:31

» July 21- Companies in the news WZ Satu, UOA REIT, Barakah Offshore, Hua Yang, I-Bhd, PPB and Maxis
by Cals Thu 21 Jul 2016, 05:47

» KLCI falls as ringgit depreciates on US rate hike talk
by Cals Thu 21 Jul 2016, 05:47

» Credit access not the problem confronting homebuyers but affordability, says Bank Negara
by Cals Thu 21 Jul 2016, 05:46

» Borneo Oil, Pecca, K-Star, Tadmax, PMB Technology, Asia Media, Dutch Lady, Kerjaya Prospek
by Cals Thu 21 Jul 2016, 05:45

» Perodua Bezza drives Pecca to highest level since IPO
by Cals Thu 21 Jul 2016, 05:44

» Malaysia's June inflation at 1.6% on year
by Cals Thu 21 Jul 2016, 05:44

» Ge-Shen rises 2.92% in thin trade on expansion plan
by Cals Thu 21 Jul 2016, 05:43

» George Kent rises 3.98% on bonus issue plan
by Cals Thu 21 Jul 2016, 05:42

» July20-Companies in the news PPB, Ge-Shen, George Kent, Maxwell, PRG, TMC Life Sciences and D&O Green Tech
by Cals Wed 20 Jul 2016, 00:49

» Market Close KLCI flat, ringgit weakens as oil prices fall
by Cals Wed 20 Jul 2016, 00:48

» Ge-Shen buys warehouse from Tiong Nam for RM9.5m
by Cals Wed 20 Jul 2016, 00:47

» UMA Borneo Aqua gets UMA query on recent share price surge
by Cals Wed 20 Jul 2016, 00:46

» Highlight SC introduces new initiatives to improve unit trust industry
by Cals Wed 20 Jul 2016, 00:46

» German investor morale plummets as Brexit uncertainty bites
by Cals Wed 20 Jul 2016, 00:45

» Hot Stock BCorp active after launching Vietnam lottery ops
by Cals Wed 20 Jul 2016, 00:44

» Stocks With Momentum F&N, K-Star, Goodway, Opensys, GHL Systems, Tune Protect, Ann Joo, Menang, Prinsiptek
by Cals Wed 20 Jul 2016, 00:43

» Emerging Markets Emerging shares fall from highest since November as rally stalls
by Cals Wed 20 Jul 2016, 00:43

» Hot Stock Vivocom rises 3.92% after denying CEO is leaving
by Cals Wed 20 Jul 2016, 00:42

» Renewed buying interest emerged in GHL Systems, says AllianceDBS Research
by Cals Wed 20 Jul 2016, 00:42

» July 19- Companies in the news Ekovest, Wang-Zheng, Heineken, Vivocom, Microlink, Affin, Goodway and Sunway
by Cals Mon 18 Jul 2016, 23:10

» Highlight Malaysia has the capacity to absorb external shocks, says BNM governor
by Cals Mon 18 Jul 2016, 22:40

» Market Close KLCI up at 11th hour; Malaysia Airports falls after attempted Turkey coup
by Cals Mon 18 Jul 2016, 22:16

» Update Oil prices largely unchanged as market shrugs off Turkey coup bid
by Cals Mon 18 Jul 2016, 22:13