Thursday 28 Mar 2024
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This article first appeared in The Edge Financial Daily on February 8, 2019

Komarkcorp Bhd (-ve)
Trading of the shares in Komarkcorp Bhd (fundamental: 0.55/3, valuation: 0.9/3), which made it into our stocks with momentum list yesterday for the second time this year, closed two sen or 10.53% higher at 21 sen.

It saw 5.24 million shares done, compared with the counter’s 200-day average of 465,316 shares.

For the second quarter ended Oct 31, 2018, the group narrowed its net loss to RM1.79 million from RM3.7 million in the previous corresponding period, on lower operating expenditures and an unrealised foreign currency exchange gain.

Revenue, however, was lower by 12% at RM12.47 million compared with RM14.24 million a year ago as the group lost some market share.

For the first half of the financial year 2019, the group reported a net loss of RM5.21 million compared with a net loss of RM3.68 million a year ago, as revenue fell 17% to RM24.84 million from RM30.02 million.

Komarkcorp is currently trading at 0.62 times its net book value.

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