Stock With Momentum: Astral Supreme
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Stock With Momentum: Astral Supreme
Stock With Momentum: Astral Supreme
By Asia Analytica / The Edge Financial Daily | May 30, 2016 : 10:31 AM MYTThis article first appeared in The Edge Financial Daily, on May 30, 2016.
Astral Supreme Bhd (+ve)
SHARES in Astral Supreme Bhd (fundamental: 0.95 /3, valuation: 0 /3) climbed 0.5 sen or 3.7 % to close at 14 sen last Friday, with a volume of 8.98 million shares traded, compared with its 200-day average volume of 660,791 shares.
Astral Supreme is principally engaged in construction, property development and property investment businesses.
The company reported a net loss of RM513,000 on the back of a revenue of RM7.62 million for the third financial quarter ended Feb 29, 2016, and has changed its financial year end from Dec 31, 2016 to May 31, 2016.
At its current share price, Astral Supreme is trading at 2.6 times its book value.
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