This article first appeared in The Edge Financial Daily on August 5, 2019

CWG Holdings Bhd (-ve)

TRADING of shares in CWG Holdings Bhd (fundamental: 1.7/3, valuation: 2/3) triggered our momentum algorithm last Friday for the first time this year.

The counter closed one sen or 2.02% higher at 50.5 sen, after 70,000 shares were traded, about seven times its 200-day average trading volume of 10,414 shares.

CWG posted a net loss of RM750,000 in its third quarter ended March 31, 2019, compared to a net profit of RM518,000 a year ago, as revenue declined 9.43% to RM15.11 million from RM16.68 million previously, due to weak market sentiment in both its domestic and export markets.

For the cumulative nine months ended March 31, 2019, the company’s net profit fell 48.36% to RM3.37 million from RM5.86 million a year ago, while revenue fell 7.59% to RM72.76 million from RM78.74 million.