This article first appeared in The Edge Financial Daily on January 30, 2020

HLT Global Bhd (+ve)
SHARES in HLT Global Bhd triggered our momentum algorithm for the first time this year, as trading volume surged to 2.31 million shares or 28 times its 200-day average of 81,462 shares.

The counter fell two sen or 7.84% to close at 23.5 sen yesterday.

HLT Global is involved in the design and installation of glove-dipping lines, and later ventured into glove-making. Listed in January 2017, the counter is barely 50% of its offer price of 45 sen currently.

For the nine months ended Sept 30, 2019, HLT Global swung to a profit of RM6.89 million from a net loss of RM5.7 million, solely thanks to its glove-dipping line business. Revenue grew almost 30% to RM114.71 million, from RM88.37 million, on higher revenue from its glove-making business.