This article first appeared in The Edge Financial Daily on May 17, 2018
AE Multi Holdings Bhd (+ve)
SHARES in printed circuit board manufacturer AE Multi Holdings Bhd (AEM) (fundamental: 0.35/3, valuation: 0.9/3), triggered our proprietary momentum algorithm yesterday for the first time this year.
The stock closed one sen or 9.38% higher at 17 sen, bringing a market capitalisation of RM52.39 million. A total of 4.14 million shares were traded, exceeding its 200-day average volume of 401,856 shares.
For the fourth quarter ended Dec 31, 2017, AEM reported a net loss of RM1.49 million compared to a net profit of RM517,000 a year ago. Revenue dropped 5.2% to RM13.49 million from RM14.23 million on lower sales demand.
At the current share price, the group is trading at 0.89 times its book value.