Friday 29 Mar 2024
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This article first appeared in The Edge Financial Daily on February 15, 2019

Asia Poly Holdings Bhd (+ve)
TRADING of shares in Asia Poly Holdings Bhd (fundamental: 1.55/3, valuation: 1.8/3) triggered our momentum algorithm yesterday for the first time this year.

The counter saw 5.4 million shares crossed — higher than its 200-day average trading volume of 486,570 shares — before the stock finished one sen, or 12.5% higher, at nine sen.

For the financial third quarter ended Sept 30, 2018 (3QFY18), the group’s net loss doubled to RM974,000 from a net loss of RM487,000 a year ago. Loss per share stood at 22 sen at 3QFY18, versus 15 sen loss per share previously.

For the cumulative nine months, its net loss ballooned to RM911,000 from a net loss of RM159,000 in the previous corresponding period.

Asia Poly is trading at 4.73 times its net book value.

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