This article first appeared in The Edge Financial Daily on May 8, 2017

Century Logistics Holdings Bhd (-ve)

Shares in Century Logistics Holdings Bhd (fundamental: 1.8/3, valuation: 1.4/3), which have been seeing strong interest just before the launch of the Digital Free Trade Zone in late March, grew three sen or 2.52% to settle at RM1.22 last Friday, after 11.93 million shares were done, near five times its 200-day average of some 2.53 million shares.

Founded in 1970, Century Logistics is an integrated logistics player providing services like international freight forwarding, transportation management and distribution, contract logistics, oil logistics, halal logistics services, data management services and procurement logistics.

It saw a change in shareholders last September, with the emergence of CJ Korea Express as the largest shareholder after acquiring a 31.4% stake from the founders at RM1.45 per share.

Recently, it announced the appointment of Datuk Lee Say Tshin, 63, as chairman. Lee, a former banker with about 38 years of experience in the banking industry, was last with HSBC Bank (M) Bhd as the managing director of strategic business development, prior to his retirement on June 30, 2013.

Year to date, the stock has gained 38.64%. From a year ago, it has grown 49.14%. At its current price, it has a market capitalisation of RM478.33 million.