Focus Dynamics Group Bhd (+ve)
Trading of shares in Focus Dynamics Group Bhd (fundamental: 2.35/3, valuation: 0/3) triggered our momentum algorithm yesterday for the first time this year.
The stock closed up one sen or 7.69% at 14 sen, after 22.01 million shares were traded, versus the counter’s 200-day average volume of 1.04 million shares. The group’s market capitalisation stood at RM285.81 million.
The group is engaged in engineering services for energy efficiency management and manufacturing of variable speed drives and instruments for the control of industrial machines.
It posted a net loss of RM308,000 in the second quarter ended June 30, 2018 compared to a net profit of RM1.41 million in the same quarter last year, due to a lower gross profit margin and lower contribution from other income. Revenue fell 22.4% to RM6.27 million from RM8.08 million, mainly due to lower contribution from its property investment and management segment.