Stock With Momentum: Eduspec Holdings

This article first appeared in The Edge Financial Daily, on August 6, 2019.
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Eduspec Holdings Bhd (-ve)

TRADING of shares in Eduspec Holdings Bhd (fundamental: 0.15/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the fourth time this year.

The stock closed 0.5 sen or 11.11% higher at five sen, with 54.99 million shares done, compared with the 200-day average trading volume of 5.35 million shares.

On May 31, the group proposed to diversify into the development and operation of an edutainment theme park to reach the public and not confined to schools or other educational institutions only.

Currently, the group specialises in providing e-learning products to primary and secondary schools.

Its unit, Time IT E (Sabah) Sdn Bhd, has inked a lease agreement with Tanco Holdings Bhd’s unit, Palm Springs Development, concerning leasing a piece of land in Port Dickson for the proposed diversification.