Emico Holdings Bhd (+ve)
SHARES in Emico Holdings Bhd (fundamental: 1.7/3, valuation: 1.1/3), which is an original equipment manufacturer (OEM) for souvenir items, triggered our proprietary momentum algorithm last Friday.
The stock closed 3.5 sen or 12.50% higher at 31.5 sen, after 47.63 million shares were traded, compared with its 200-day average of 1.21 million shares.
The group, which also supplies, installs and maintains elevators and escalators, reported a net profit of RM899,000, up 20% in the third quarter ended Dec 31, 2016, versus RM748,000 a year ago, mainly on lower cost of sales and tax expenses.
Revenue, however, fell 8% to RM15.71 million from RM17.03 million, mainly on lower manufacturing and trading revenue.
At the current share price, Emico Holdings is trading at 0.67 times its book value.