Friday 29 Mar 2024
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This article first appeared in The Edge Financial Daily on September 18, 2018

QES Group Bhd (-ve)
TRADING of shares in QES Group Bhd (fundamental: NA, valuation: NA) triggered our momentum algorithm last Friday as the stock closed up 1.5 sen or 5.3% at 30 sen.

A total of 73.2 million shares were traded, exceeding its 200-day average volume of 10.2 million shares.

This was despite the lack of new announcements by the group, which is involved in the distribution of inspection, test and measurement equipment, materials and engineering, as well as manufacturing of optical inspection equipment and automated handling equipment.

The group made its debut on the stock exchange only in March this year and was expected to gain from global demand for semiconductors.

While no new development was made, the rising share price and interest in the stocks coincide with the recovery seen in most of the semiconductor players after news of a renewed trade talks between the US and China has eased worries on the impact of a trade war on semiconductor players.

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