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This article first appeared in The Edge Financial Daily on September 13, 2018

D’Nonce Technology Bhd (+ve)

Trading of shares in D’Nonce Technology Bhd (fundamental: 0.8/3; valuation: 0.9/3) triggered our momentum algorithm yesterday for the first time this year. The stock closed unchanged at 32 sen, which valued D’Nonce at RM62.89 million.

It saw 5.19 million shares traded, versus its 200-day average volume of 2.18 million shares.

D’Nonce, a packaging materials supplier, is also involved in contract manufacturing, supply chain management and polymer engineering products.

In July, D’Nonce proposed to diversify its business to include property development and construction, after inking an agreement for the exclusive rights to develop a 6,774 sq m plot in Seberang Perai Tengah, Penang, for RM10 million.

The deal would pave the way for D’Nonce to diversify its earnings base and establish its maiden property venture.

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