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This article first appeared in The Edge Financial Daily on January 28, 2019

Bio Osmo Bhd (-ve)

TRADING of shares in Bio Osmo Bhd (fundamental: 1.2/3, valuation: 0.3/3) triggered our proprietary momentum algorithm last Friday for the first time in over a year.

The counter saw 28.2 million shares changed hands compared with its 200-day average trading volume of 1.19 million shares. The group’s shares closed unchanged at five sen, giving it a market capitalisation of RM39.77 million.

Bio Osmo said in November last year that it was planning to dispose of its loss-making bottled water drinking business for RM2.5 million. This came as the group decided to focus on its hospitality business.

The group said the view was also made considering the continuous pricing squeeze, rising production costs and capacity constraints, allowing it to curtail further losses in the future.

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