Stock With Momentum: Insas

This article first appeared in The Edge Financial Daily, on July 20, 2018.
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Insas Bhd (-ve)

TRADING of the shares in Insas Bhd (fundamental: 2.3/3, valuation: 1.8/3) triggered our momentum algorithm yesterday for the first time this year. The group saw 1.79 million shares traded compared with its 200-day average of 892,047 shares.

The stock rose 1.5 sen or 1.69% to close at 90.5 sen, leaving it with a market capitalisation of RM600 million. Insas was last traded at 0.37 times its book value.

Insas engages in financial, property, technology, car rental, fashion retail, food and beverage, and project financing businesses. The company recorded a 32.84% decrease in its revenue for the third quarter ended March 31, 2018 to RM76.46 million from RM113.84 million last year. Net profit decreased 88.05% to RM7.89 million from RM66.05 million.