Bio Osmo Bhd (-ve)
SHARES in Bio Osmo Bhd (fundamental: 1.4/3, valuation: 0.3/3) triggered our momentum algorithm for the second consecutive day. The counter closed 3.5 sen or 53.85% higher at 10 sen yesterday, with 104.5 million shares traded. In comparison, its 200-day average volume was only around 1.09 million shares.

Bio Osmo, which has been in the red over the past three years, is involved in the processing, manufacturing and selling of reverse osmosis drinking water under original equipment manufacturer brands and its house brand.

Its net loss narrowed to RM1.38 million in the second quarter ended Dec 31, 2016, from RM1.66 million a year ago.

Revenue jumped 81.2% to RM2.7 million from RM1.49 million. Bio Osmo said this was supported by improvement in the sales volume of bottled drinking water, coupled with maiden contribution from new investment, Intra Magnum Sdn Bhd, which the group had subscribed to a 75% equity interest. Intra Magnum manages hotels and resorts.