<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on May 15, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>Gopeng Bhd (-ve)</strong><br />
SHARES in Gopeng Bhd (fundamental: 1.5/3, valuation: 1.8/3) triggered our proprietary momentum algorithm last Friday.</p></div>

<div class=newsTextDataWrapInner><p>The counter closed unchanged at RM1.30, with 87,500 shares traded, exceeding its 200-day average volume of 11,981 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group is principally involved in oil palm cultivation, property development and investments in short-term instruments.</p></div>

<div class=newsTextDataWrapInner><p>Gopeng reported a 33.4% drop in its net profit for the fourth quarter ended Dec 31, 2016 (4QFY16) to RM759,000 from RM1.14 million in 4QFY15, while its operating profit increased to RM835,000 from RM149,000 a year earlier.</p></div>

<div class=newsTextDataWrapInner><p>This was despite quarterly revenue surging 91.1% to RM3.51 million from RM1.84 million in 4QFY15.</p></div>

<div class=newsTextDataWrapInner><p>The higher revenue and operating profit recorded in the current quarter under review was contributed by higher fresh fruit bunch prices and higher income derived from the group’s short-term investments.</p></div>

<div class=newsTextDataWrapInner><p>At the current share price, Gopeng is trading at 0.74 times its book value.</p></div>


Gopeng Bhd (-ve)
SHARES in Gopeng Bhd (fundamental: 1.5/3, valuation: 1.8/3) triggered our proprietary momentum algorithm last Friday.

The counter closed unchanged at RM1.30, with 87,500 shares traded, exceeding its 200-day average volume of 11,981 shares.

...

Stock With Momentum: Gopeng

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<p><em><strong>More to come</strong></em></p>
...

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