This article first appeared in The Edge Financial Daily on August 18, 2017

JAG Bhd (+ve)

SHARES in JAG Bhd (fundamental: 1.7/3, valuation: 0.3/3), which triggered our momentum algorithm yesterday for the third time this year, slid one sen or 6.45% to settle at 14.5 sen.

Some 81.93 million shares were traded — compared with its 200-day average volume of 12.15 million shares — making it the most actively traded counter on Bursa Malaysia yesterday.

Over the past 12 months, the stock has jumped about 78% from nine sen on Aug 25, 2016.

JAG’s net profit grew almost 10 times to RM2.51 million in the second quarter ended June 30, 2017 (2QFY17), from RM272,000 in 2QFY16, on higher revenue from its manufacturing and trading businesses.

Quarterly revenue grew 66.58% year-on-year to RM36.69 million from RM22.03 million.

The group proposed an interim dividend of 0.1 sen for FY17, payable on Oct 6.

At the current share price, JAG is trading at 1.31 times its book value.