Nova MSC jumps 8.69%, most active stock

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KUALA LUMPUR (Apr 24): Nova MSC Bhd's share price rose as much as 8.7% to 25 sen with 68.83 million shares traded at 3.14pm, emerging as the top most-active stock.

According to Bloomberg, the stock is currently trading at 80.13 times its trailing price-earnings ratio.

The ACE Market-listed application software and services provider's shares have risen 85.19% or 11.5 sen year-to-date.

Nova MSC (fundamental: 2.1; valuation: 0) recently won the tender from Singapore's Building and Construction Authority to upgrade, manage, operate, support and enhance the integrated submission processing systems for a duration from March 10, 2015 to March 9, 2018 for S$3.4 million (RM9.1 million).

Its market capitalisation stood at RM123.4 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)