<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on October 9, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>REDtone International Bhd (+ve)</strong><br />
TRADING of shares in REDtone International Bhd (fundamental: 2.1/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the ninth time this year.</p></div>

<div class=newsTextDataWrapInner><p>The counter closed up one sen or 1.77% at 57.5 sen. A total of 10.3 million shares were traded, exceeding its 200-day average volume of 2.49 million shares. Year-to-date, the stock’s share price has surged three times from 17 sen.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the two months ended June 30, 2019, REDtone’s net profit stood at RM6.48 million, while revenue was at RM32.53 million.</p></div>

<div class=newsTextDataWrapInner><p>There was no comparison numbers for previous year corresponding period due to the change in its financial year end.</p></div>

<div class=newsTextDataWrapInner><p>For the cumulative 14 months ended June 30, 2019, it posted a net profit of RM21.84 million on a revenue of RM211.46 million.</p></div>

<div class=newsTextDataWrapInner><p>At the current share price, REDtone is trading at 2.68 times its book value.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


REDtone International Bhd (+ve)
TRADING of shares in REDtone International Bhd (fundamental: 2.1/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the ninth time this year.

The counter closed up one sen or 1.77% at 57.5 sen. A total of 10.3 mill...

Stock With Momentum: REDtone International

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