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

Focus Dynamics Group Bhd (-ve)
TRADING of shares in Focus Dynamics Group Bhd (fundamental: 2.35/3, valuation: 0/3) triggered our momentum algorithm yesterday for the second time this month.

The counter closed up 0.5 sen or 3.23% at 16 sen, which valued it at RM326.66 million. A total of 10.34 million shares were traded, almost five times its 200-day average volume of 2.1 million.

Earlier this year, the energy efficiency devices manufacturer was trading at around 20 sen, but its share price fell towards the end of March and has been hovering between 13 sen and 17 sen.

Focus Dynamics posted a net loss of RM308,000 in the second quarter ended June 30, 2018, compared to its net profit of RM1.41 million in the previous year’s corresponding quarter. Revenue fell 22% to RM6.27 million from RM8.08 million a year earlier.

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