Encorp Bhd (+ve)
Shares in Encorp Bhd (fundamental: 0.35/3; valuation: 0.9/3), which also triggered our momentum algorithm yesterday for the first time this year, closed 2.78% or two sen up at 74 sen yesterday.
It saw 1.56 million shares traded, exceeding its 200-day average volume of 96,751 shares.
The company is principally engaged in property development, property investment and construction.
Encorp recorded a net loss of RM28.22 million in the fourth quarter ended Dec 31, 2017 (4QFY17), compared to a net profit of RM16.64 million a year ago. For the full FY17, the group was in the red with a net loss of RM30.42 million versus a net profit of RM28.41 million in FY16.
Encorp shares are currently trading at 0.83 times its book value. Its current share price gives it a market capitalisation of RM211.3 million.