Stock With Momentum: Emico Holdings

This article first appeared in The Edge Financial Daily, on January 10, 2020.
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Emico Holdings Bhd (-ve)

TRADING of shares in Emico Holdings Bhd (fundamental: 1.55/3, valuation: 1.1/3) triggered our momentum algorithm yesterday for the fourth time since Dec 5, 2019.

A total of 7.21 million shares were traded compared with the counter’s 200-day average of 358,481 shares. The stock closed 2.5 sen or 12.2% higher at 23 sen yesterday, with a market capitalisation of RM24.27 million.

Penang-based Emico is principally involved in the manufacturing and sales of trophies and awards, property development, contract manufacturing, trading and sourcing of furniture and home furnishing products.

The company, which owns two manufacturing facilities in the Bayan Lepas Industrial Area, has property development projects in Kedah, namely Bandar Mutiara Township in Sungai Petani and Taman Simfoni in Langkawi.