This article first appeared in The Edge Financial Daily, on May 9, 2016.

Acoustech Bhd (+ve)

Acoustech Bhd (fundamental: 1.80/3, valuation: 0.50/3) triggered our momentum algorithm, the second time this year, after the counter jumped seven sen or 9.72% to its 52-week high of 79 sen, and closed at this intraday high level last Friday. Year to date, the counter has risen 17.04%.

The counter saw 4.09 million shares traded. In comparison, its 200-day average volume was 291,206 shares. According to the group’s annual report that was released the previous week, the group’s maiden property project Senibong 88 in Johor Baru has been completed and ready to be handed over to purchasers by the third quarter of 2016.

The group, which is primarily involved in the manufacture of audio speaker systems and woofers, and specialising in chemicals, paints and electrical equipment, also said it will focus on securing lower orders but with better margins going forward.

Last month, the group also announced its first and final single-tier dividend of 2.5 sen per share for the financial year ended Dec 31, 2015.

The stock trades at a trailing 12-month price-earnings ratio of 10.92 times.