This article first appeared in The Edge Financial Daily on July 10, 2017

AHB Holdings Bhd (-ve)
SHARES in AHB Holdings Bhd (fundamental: 1.9/3, valuation: 0.5/3), which triggered our momentum algorithm for the second time this month, closed 1.5 sen or 4.62% higher at 34 sen last Friday.

A total of 13.59 million shares were traded, versus their 200-day average volume of 1.05 million shares.

In the fourth quarter ended March 31, 2017, the office furniture manufacturer and distributor fell into the red with a net loss of RM513,000, versus a net profit of RM514,000 in the previous year’s corresponding quarter.

The loss was due to a 40% decline in quarterly revenue to RM2.71 million from RM4.51 million a year earlier, which it attributed to slower demand from the Middle East due to weak oil prices.

For the full year, its net profit dropped 70% to RM548,000 from RM1.83 million in the previous year, while revenue was down 25% to RM12.5 million from RM16.66 million.

At its current price, AHB is trading at 1.74 times its book value.