Stock With Momentum: Focus Dynamics Group

This article first appeared in The Edge Financial Daily, on July 19, 2019.
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Focus Dynamics Group Bhd (-ve)

TRADING of shares in Focus Dynamics Group Bhd (fundamental: 0.95/3, valuation: 0/3) triggered our momentum algorithm yesterday for the 16th time this year. The counter closed 1.5 sen or 5.08% higher at 31 sen yesterday, with a volume of 35.2 million shares, higher than its 200-day average volume of 9.09 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’s net profit grew 67.67% to RM617,000, from RM368,000 last year, while revenue rose 31.84% to RM9.95 million from RM7.55 million last year, mainly due to higher contributions from the food and beverage segment during the period.

At the current share price, Focus Dynamics is trading at 15.2 times its book value.