Thursday 28 Mar 2024
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This article first appeared in The Edge Financial Daily on January 28, 2019

Heitech Padu Bhd (-ve)

TRADING of shares in Heitech Padu Bhd (fundamental: 0.35/3, valuation: 0.9/3) triggered our momentum algorithm last Friday, two days after first seeing significant volume traded.

A total of 8.93 million shares were traded then versus a 200-day average trading volume of 176,970 shares.

The counter pared gains last Friday, declining five sen or 5.26% to close at 90 sen per share. This was after it surged to a five-year high of 95 sen on a recent contract win.

The group last Wednesday bagged a RM33.18 million contract from the ministry of health to provide the supply, installation and commissioning of the Critical Care Information System in intensive care units of 11 hospitals. The contract is for a period of three years and will commence on Feb 1, 2019.

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