This article first appeared in The Edge Financial Daily, on February 5, 2016.

CCK Consolidated Holdings Bhd (+ve)

SHARES of CCK Consolidated Holdings (fundamental: 1/3, valuation: 0.8/3) has dropped 0.78% to close at RM1.28. The shares were relatively high in trading volume at 603,100 shares changed hands compared to its 200-days average of 82,040.5 shares.

The share was last featured in “Stocks With Momentum” on January 21, 2016 and had risen by 21.9% ever since.

The share was heavily traded even though there is a lack of any catalyst except for the shares buy back exercise by the company on January 14, 2016. The group is also expected to announce their financial fourth quarter earnings results at the end of this month after an impressive 67% y-o-y growth in its third quarter ended Sept 30, 2015 (3QFY15).

CCK is involved in principal activities of poultry, seafood, agriculture and prawn processing as well as trading. The stock trades at a trailing P/E of 16.91 times and 1.25 times book value.