Stock With Momentum: Vizione Holdings Bhd

This article first appeared in The Edge Financial Daily, on July 27, 2018.
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Vizione Holdings Bhd (+ve)
TRADING in the shares of construction firm Vizione Holdings Bhd (fundamental: 1.8/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the second time this year. The counter closed unchanged at 14.5 yesterday, with 94.61 million shares done, compared to its 200-day average volume of 13.69 million shares.

Vizione posted another quarter of record earnings as net profit soared by 60.4 times to RM11 million in the fourth financial quarter ended May 31, 2018 (4QFY18), compared with RM183,000 a year ago, mainly due to construction works undertaken during the period by a newly acquired subsidiary.

Quarterly revenue surged 6.9 times to RM110.7 million from RM16.1 million in 4QFY17. For the full FY18, Vizione saw net profit grow by 43.8 times to RM26.2 million from RM598,000 in the previous year.

At the current share price, Vizione is trading at 1.2 times its book value.