This article first appeared in The Edge Financial Daily on August 1, 2019
SC Estate Builder Bhd (+ve)
TRADING of shares in SC Estate Builder Bhd (fundamental:1.5/3, valuation:1.1/3) triggered our momentum algorithm yesterday for the second time this year.
The last time the counter triggered the algorithm was on April 12.
The counter closed half a sen or 10% lower at 4.5 sen, giving it a market capitalisation of RM39.74 million
A total of 8.49 million shares were traded compared with its 200-day average trading volume 743,869 shares.
For the first financial quarter ended April 30, 2019 (1QFY19) the group narrowed its net loss to RM467,000 from RM542,000 a year ago.
Quarterly revenue declined 39.9% to RM515,000, from RM857,000 in 1QFY18.
The group attributed its results to slow progress in its construction, and construction services and building materials segments.