Sanbumi Holdings (-ve)
TRADING in the shares of Sanbumi Holdings (fundamental: 1.65/3, valuation: 0.90/3) triggered our momentum algorithm yesterday for the first time this year.
The stock, which saw 1.51 million shares traded, compared to its 200-day average of 104,619.5 shares, rose two sen to close at 18.5 sen, giving it a market capitalisation of RM41.88 million. The stock is about 23% lower from its year-ago share price.
On Monday, the tour operator said its net loss for its first quarter ended June 30, 2018 has expanded to RM977,000 from RM412,000 a year ago, as it recorded a significant drop in volume of tourist arrivals due to its ongoing internal business reorganisation within its tourism segment.
Quarterly revenue slumped 45% to RM8.04 million from RM14.64 million a year ago.
Sanbumi Holdings currently trades at 0.51 times its book value.