Stock With Momentum: Eduspec Holdings

This article first appeared in The Edge Financial Daily, on August 8, 2019.
-A +A

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 fifth time this year.

The counter closed 1.5 sen or 30% higher to 6.5 sen, for a market capitalisation of RM71.62 million. The counter was the second-most actively traded stock on Bursa Malaysia, with some 146.04 million shares changing hands.

The ACE Market-listed company’s core business is in developing and providing education technology products and services.

The group recorded a net profit of RM1.08 million on revenue of RM5.97 million for the first financial quarter ended May 31, 2019. There were no comparative figures for the quarter following the change in its financial year-end from Sept 30 to Feb 28.