Stock With Momentum: Dataprep Holdings

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This article first appeared in The Edge Financial Daily, on March 20, 2017.


Dataprep Holdings Bhd (-ve)
SHARES in Dataprep Holdings Bhd (fundamental: 1.65/3, valuation: 0/3), jumped 16.5 sen or 61.11% at 43.5 sen last Friday. It saw 173.17 million shares traded, versus the counter’s 200-day average of 1.02 million shares.

The sharp rise in its share price got it an unusual market activity query from Bursa Malaysia last Friday, when it hit a three-year high of 46.5 sen earlier in the day.

The group is mainly involved in providing consultation and information technology services to the government and a range of industries.

In the third quarter ended Dec 31, 2016, the group’s net loss narrowed to RM217,000 from RM1.71 million a year ago on better margins, though revenue fell 17% to RM9.97 million from RM11.95 million on fewer projects secured.

The stock has a market capitalisation of RM181.20 million, based on its latest traded price.