Bina Puri Holdings Bhd (+ve)
TRADING of shares in Bina Puri Holdings Bhd (fundamental: 0.15/3, valuation: 1.7/3) triggered our momentum algorithm yesterday for the first time this year.
Bina Puri closed down one sen or 3.7% at 26 sen, with 15.2 million shares traded versus the counter’s 200-day average volume of 1.08 million shares. The group’s market capitalisation stood at RM99.13 million.
The group is principally involved in civil and building engineering management, property development, highway concessionaire, quarry operations, manufacturing of construction materials, polyurethane system house, utilities and hospitality management.
Bina Puri posted a net profit of RM782,000 for the third quarter ended Sept 30, 2018, up 165.08% compared with RM295,000 a year ago. Quarterly revenue fell 7.37% to RM199.86 million from RM215.76 million previously.
Cumulative nine-month net profit was up 61.03% to RM1.79 million from RM1.11 million despite a 32.56% fall in revenue to RM526.85 million from RM781.20 million.