George Kent (Malaysia) Bhd (+ve)

SHARES in George Kent (Malaysia) Bhd (fundamental: 2.1/3, valuation: 1.7/3) triggered our momentum algorithm yesterday as it slipped by 0.74% to RM2.70 with 4.07 million shares traded. In comparison, it has a 200-day average volume of 982,872.

The company announced that its joint venture with China Communications Construction Company Limited had accepted the award by Mass Rapid Transit Corp Sdn Bhd of the system work package valued at RM1.01 billion for the Mass Rapid Transit Sungai Buloh-Serdang-Putrajaya Line (MRT SSP Line).

The contract for this work package comprises engineering, procurement, construction, testing and commission of trackworks, maintenance vehicles and work trains for the MRT SSP Line. It is expected to be completed by May 1, 2022.

As of its closing price, George Kent is trading with a trailing price-earnings ratio of 14.57 times and a market capitalisation of RM811.11 million, with a trailing dividend yield of 2.61%.