This article first appeared in The Edge Financial Daily on October 17, 2018
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 sixth time this year. The stock closed one sen or 6.45% higher at 16.5 sen.
The counter saw 17.37 million shares done, a significant jump from its 200-day average volume of 1.4 million shares.
Focus Dynamics posted a net loss of RM308,000 in the second quarter ended June 30, 2018 (2QFY18) compared to a net profit of RM1.41 million a year ago, as gross profit margin fell because of lower contribution from its property investment and management segment, which had a higher gross profit margin generated from rental income. Quarterly revenue fell 22.4% to RM6.27 million from RM8.08 million in 2QFY17, due to the weaker performance of the named segment.
Focus Dynamics is now trading at 7.47 times its net book value.