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This article first appeared in The Edge Financial Daily on July 4, 2019

FOCUS Dynamics Group Bhd (-ve)

FOCUS Dynamics Group Bhd (fundamental: 0.95/3, valuation: 0/3), which made it into our Stocks with Momentum list yesterday for the second time this week, closed up half a sen or 2.38% at 21.5 sen, after 34.82 million shares were done, versus the counter’s 200-day average trading volume of 7.31 million shares. The group is engaged in engineering services for energy efficiency management, and manufacturing variable speed drives and instruments for the control of industrial machines.

For the first quarter ended March 31, 2019, the group reported a net profit of RM617,000, up 68% from RM368,000 in the previous year, as revenue rose 32% to RM9.95 million from RM7.55 million a year ago, mainly due to higher contribution from the food and beverage segment during the period. As at yesterday, Focus Dynamics was trading at 10.54 times its net book value.

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