<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on February 10, 2020</span></p></div><div class=newsTextDataWrapInner><p><strong>Binasat Communications Bhd (-ve)</strong><br />
TRADING of shares in Binasat Communications Bhd (fundamental: N/A, valuation: N/A) triggered our momentum algorithm last Friday for the second time last week. Binasat closed up 6.5 sen or 13.68% at 54 sen, after 94.36 million shares were traded, 36 times the counter’s 200-day average volume of 2.62 million shares.</p></div>

<div class=newsTextDataWrapInner><p>The group mainly provides supporting services for satellite, mobile and fibre optic telecommunications networks.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the first financial quarter ended Sept 30, 2019, Binasat saw a 42.4% decline in net profit to RM1.12 million from RM1.94 million a year ago, as revenue fell 11.2% to RM11.63 million from RM13.1 million.</p></div>

<div class=newsTextDataWrapInner><p>The weaker results were due to lower engineering activities resulting from, among others, reduced engineering and installation works, reduced ad hoc projects for its fibre segment, and fewer equipment supplied.</p></div>


Binasat Communications Bhd (-ve)
TRADING of shares in Binasat Communications Bhd (fundamental: N/A, valuation: N/A) triggered our momentum algorithm last Friday for the second time last week. Binasat closed up 6.5 sen or 13.68% at 54 sen, after 94.36 million shares were tr...

Stock With Momentum: Binasat Communications

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