This article first appeared in The Edge Financial Daily on September 21, 2018

Excel Force MSC Bhd (-ve)
TRADING of shares in Excel Force MSC Bhd (fundamental: 2.55/3, valuation: 0.5/3), which made it into our momentum algorithm list yesterday for the second time this year, gained three sen or 4.05% to close at 77 sen, valuing the group at RM319.15 million.

The counter saw 20.26 million shares traded yesterday compared with its 200-day average volume of 4.32 million shares. But year to date, its share price has tumbled about 52%.

For the second quarter ended June 30, 2018, the financial services business solutions provider for banking and stockbroking companies reported a 2% increase in net profit to RM1.9 million from RM1.86 million a year ago, as revenue rose marginally to RM6.04 million from RM6 million.

Its net profit for the cumulative six months inched up to RM3.55 million from RM3.52 million a year earlier, while revenue rose to RM11.85 million from RM11.8 million.