Aemulus Holdings Bhd (+ve)
TRADING in Aemulus Holdings Bhd (fundamental: 2.25/3, valuation: 0.8/3) shares triggered our proprietary momentum algorithm yesterday for the third time this year.
The stock closed unchanged at 43 sen, with 14.53 million shares traded, exceeding its 200-day average volume of 3,188,987 shares.
The company is involved in the design, engineering and development of automotive test equipment.
Aemulus posted a 25.2% decline in net profit to RM1.78 million in the second financial quarter ended March 31, 2018 (2QFY18), from RM2.37 million a year ago, on foreign exchange losses and higher research and development expenses.
Quarterly revenue, however, was up 4.5% to RM11.25 million from RM10.76 million in 2QFY17.
At the current share price, Aemulus is trading at 2.53 times its book value, giving it a market capitalisation of RM241.52 million.