<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on February 11, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>GFM Services Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>GFM Services Bhd (fundamental: 2.4/3; valuation: 0.7/3) made it into our Stocks with Momentum list last Friday for the second time this year, and closed 1.5 sen or 3.33% higher at 46.5 sen.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It saw 1.34 million shares done, higher compared with the counter’s 200-day average volume of 774,095 shares.</p></div>

<div class=newsTextDataWrapInner><p>On Feb 7, the group announced it had secured two contracts from Bank Negara Malaysia to provide comprehensive facility management services at selected premises of the bank for a combined value of RM69 million.</p></div>

<div class=newsTextDataWrapInner><p>The contracts, awarded to GFM’s wholly-owned subsidiary Global Facilities Management Sdn Bhd, are for a four-year period expiring on Dec 31, 2022.</p></div>

<div class=newsTextDataWrapInner><p>This is expected to contribute positively to the group’s bottom line and boost GFM’s current outstanding order book to RM1.4 billion.</p></div>

<div class=newsTextDataWrapInner><p>GFM is currently trading at 2.58 times its net book value.</p></div>


GFM Services Bhd (-ve)

GFM Services Bhd (fundamental: 2.4/3; valuation: 0.7/3) made it into our Stocks with Momentum list last Friday for the second time this year, and closed 1.5 sen or 3.33% higher at 46.5 sen.

It saw 1.34 million shares done, higher compare...

Stock With Momentum: GFM Services

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