KKB Engineering Bhd (-ve)
TRADING of shares in Sarawak-based KKB Engineering Bhd (fundamental: 1.8/3, valuation: 1.4/3) triggered our momentum algorithm for the third time this month.
The stock closed up two sen or 2.09% at 97.5 sen yesterday, with a market capitalisation of RM251.35 million. A total of 158,600 shares changed hands, more than double its 200-day average trading volume of 59,207 shares. According to the company’s annual report, KKB’s net profit stood at RM1.61 million for the financial year ended Dec 31, 2017, after recovering from a net loss of RM5.78 million the year before.
For the nine-month period ended Sept 30, 2018, KKB turned in a net profit of RM10.04 million, compared to a net loss of RM3.7 million previously, as revenue nearly doubled to RM269.94 million from RM139.1 million a year ago.