Thursday 28 Mar 2024
By
main news image

This article first appeared in The Edge Financial Daily on January 19, 2018

Jadi Imaging Holdings Bhd (-ve)
SHARES in Jadi Imaging Holdings Bhd (fundamental: 0.95/3, valuation: 0.9/3), which triggered our momentum algorithm yesterday for the second time this year, closed half a sen or 7.14% higher at 7.5 sen yesterday.

The counter saw 21.82 million shares traded, above its 200-day average volume of 1.19 million shares. Jadi Imaging’s net loss widened to RM2.12 million in the second quarter ended Sept 30, 2017, from RM1.87 million a year ago, due to higher administrative and set-up costs for its UK and Zhuhai offices.

Its quarterly revenue fell 9.8% year-on-year to RM17.09 million from RM18.94 million, on decline in hard-copy printing.

For its first six months of the financial year 2018, it reported an expanded net loss of RM2.8 million, versus a net loss of RM2 million last financial year, while revenue declined 24.8% to RM30.69 million from RM40.82 million.

At the current share price, Jadi Imaging is trading at 0.54 times its book value.
 

      Print
      Text Size
      Share