Bina Puri Holdings Bhd (-ve)
TRADING of shares in Bina Puri Holdings Bhd (fundamental: 0.15/3, valuation: 1.7/3) triggered our stocks with momentum algorithm yesterday for the fourth time this year.
The counter closed down 0.5 sen or 1.79% at 27.5 sen with a market capitalisation of RM104.84 million, with 26.87 million shares traded, higher than its 200-day average volume of 1.26 million shares.
Bina Puri 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 a year ago, despite a 32.56% fall in revenue to RM526.85 million from RM781.20 million.