Gadang Holdings Bhd (+ve)
SHARES in Gadang Holdings Bhd (fundamental: 2.6/3.0, valuation: 1.8/3.0) triggered our momentum algorithm as its share price gained by 19 sen or 7.31% to RM2.79 with 10.81 million shares changing hands.
Year to date, its share price has appreciated by 32.23% from RM2.11 on Dec 31 last year. At the current price, Gadang has a market capitalisation of RM675.01 million.
The last time Gadang was featured in “Stocks with Momentum” was on July 22.
Last Thursday, Gadang announced that it intends to undertake a share split to subdivide every one RM1 Gadang share into two shares of 50 sen each.
As at Aug 16, 2016, its issued and paid-up share capital was RM258.62 million, comprising 258.62 million shares, which will be enlarged to RM258.62 million, comprising 517.25 million subdivided shares, on completion of the share split.