Chee Wah Corp Bhd (+ve)

SHARES in Chee Wah Corp Bhd (fundamental: 0.6/3, valuation: 1.4/3), which triggered our proprietary algorithm yesterday for the first time this year, closed 2.88% or four sen higher at RM1.43.

It saw 1.07 million shares traded versus the counter’s 200-day average of 53,813 shares.

The group manufactures and sells stationery items including exercise books, spiral notebooks, pads, hardcover books, files, paper bags, gift wraps, as well as publishing children’s books.

In its second quarter ended Dec 31, 2016, the company’s net profit increased 45% to RM4.34 million versus RM2.98 million a year ago, as revenue rose 8% to RM30.77 million from RM28.48 million.

Chee Wah is currently trading at 1.05 times its net book value.