Stock With Momentum: Advance Synergy

This article first appeared in The Edge Financial Daily, on May 17, 2018.
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Advance Synergy Bhd (+ve)
SHARES in Advance Synergy Bhd (fundamental: 1.65/3, valuation: 1.2/3), triggered our proprietary momentum algorithm yesterday for the first time this year.

The stock closed three sen or 13.33% lower at 20 sen, bringing a market capitalisation of RM190.4 million. A total of 1.92 million shares changed hands compared to its 200-day average volume of 4,269,686 shares.

For the fourth quarter ended Dec 31, 2017, its net profit surged 169% to RM5.57 million from RM2.06 million a year ago. However, quarterly revenue fell to RM88.9 million from RM90.6 million.

At the current share price, the group is trading at 0.31 times its book value.