Stock With Momentum: Excel Force MSC

This article first appeared in The Edge Financial Daily, on June 28, 2017.
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Excel Force MSC Bhd (+ve)
SHARES in Excel Force MSC Bhd (fundamental: 1.95/3, valuation: 0.5/3), which triggered our momentum algorithm last Friday for the third time this year, settled four sen or 3.48% higher at RM1.19.

The last traded price gives it a market capitalisation of RM492.3 million, after some 1.69 million shares were done, compared with the counter’s 200-day average volume of 375,645 shares.

In April, the group proposed a one-for-two share split, which will result in the division of every one existing share into two split shares, to increase the liquidity of its shares.

This would also halve its share price to below RM1 per share and the group said would make it more affordable and appealing to more public shareholders and investors.

The stock, trading at 10.57 times its book value, has a trailing 12-month price-earnings ratio of 85.79 times.