Stock With Momentum: Excel Force MSC Bhd

This article first appeared in The Edge Financial Daily, on August 9, 2018.
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Excel Force MSC Bhd (+ve)
Trading of the shares in Excel Force MSC Bhd (fundamental: 1.95/3, valuation: 0.4/3) triggered our momentum algorithm as the counter closed 0.5 sen 0.76% lower at 65.5 sen. It earlier rose to 72 sen in the morning trade before retracting towards the end of afternoon trading session. Its market capitalisation stood at RM271.5 million.

Its trading volume stood at 31.36 million shares — significantly higher than the 200-day average volume of 3.1 million shares.

This was despite the lack of any

new announcements.

For the first quarter ended March 31, 2018 (1QFY18), its net profit stood at RM1.651 million compared with RM1.657 million a year ago. Revenue came in at RM5.802 million in 1QFY18 against RM5.795 million a year ago.

The company, which is a financial services business solutions provider for banking and stockbroking companies, was trading at a trailing price-earnings ratio of 47.1 times despite its share price falling by 42.5% from a year ago.