Pesona Metro Holdings Bhd (-ve)
Trading in shares of Pesona Metro Holdings Bhd (fundamental: 0.45/3, valuation: 1.4/3) triggered our momentum algorithm yesterday for the second time this week.
The stock rose 1.5 sen or 4.62% to close at 34 sen yesterday for a market capitalisation of RM236.28 million, after 29.77 million shares were traded, over 10 times higher than its 200-day average volume of 2.18 million shares.
Pesona Metro is primarily involved in construction and infrastructure works.
Yesterday, it announced that it has secured a contract worth RM264.3 million via a subsidiary, to build two blocks of serviced apartments in Bandar Sri Damansara, Petaling Jaya, Selangor.
The 32-month contract commenced on Aug 15 and will end on April 14, 2021.