This article first appeared in The Edge Financial Daily on July 5, 2018

VisDynamics Holdings Bhd (+ve)

SHARES in VisDynamics Holdings Bhd (fundamental: 2.6/3, valuation: 0.6/3) has triggered our proprietary momentum algorithm yesterday. The counter closed 7.5 sen or 15.96% higher at 54.5 sen with some 9.7 million shares traded, exceeding its 200-day average volume of 817,798 shares.

VisDynamics posted a net profit of RM1.99 million for the second quarter ended April 30, 2018, up 14.04% from RM1.75 million a year ago, on higher sales revenue achieved from its markets in Malaysia, Southeast Asia, North Asia and the US. Revenue rose 10.25% to RM9.66 million, against RM8.76 million a year ago, attributed to an increase in sales of machines. VisDynamics designs and assembles equipment for the semiconductor industry.

For the cumulative six-month period ended April 30, 2018, VisDynamics’ net profit fell 16.06% to RM2.41 million, versus RM2.87 million. However, revenue increased 13.35% to RM16.79 million, from RM14.81 million. At its last price, VisDynamics was trading at 2.7 times its book value, with a market capitalisation of RM90.18 million.