KKB Engineering Bhd (-ve)
TRADING of shares in KKB Engineering Bhd (fundamental: 2.35/3, valuation: 1.4/3) also triggered our momentum algorithm yesterday for the first time this year. The stock closed up 2.5 sen or 2.67% at 96 sen. The counter saw 882,400 shares traded, higher than its 200-day average volume of 71,391 shares.
KKB provides civil engineering works and construction, as well as steel fabrication works for factories. It is also involved in manufacturing steel pipes and pipe specials for water supply and sewage system.
It posted its fourth straight quarter of profit in the second financial quarter ended June 30, 2018 (2QFY18) with a net profit of RM1.76 million compared to a net loss of RM7.2 million a year ago. Revenue almost doubled to RM93.19 million from RM46.87 million in 2QFY17.
KKB said the improved performance was due to higher revenues from both its engineering and manufacturing sectors, in particular from the civil construction, steel fabrication and steel pipe manufacturing divisions.