This article first appeared in The Edge Financial Daily on April 3, 2019
BIMB Holdings Bhd (+ve)
TRADING of shares in BIMB Holdings Bhd (fundamental: 2.2/3, valuation: 2.1/3) triggered our momentum algorithm yesterday.
The counter saw 2.11 million shares traded versus a 200-day average trading volume of 295,778 shares.
The shares declined one sen or 0.23% to RM4.40 yesterday, down from a one-year high on the day before, with a market capitalisation of RM7.76 billion.
For the financial year 2018, the banking group saw a record net profit of RM682 million, a 10.1% increase year-on-year, supported by solid financing growth, cost containment and stable margins.
Its revenue for the year grew to RM4.2 billion versus RM3.72 billion a year ago.