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This article first appeared in The Edge Financial Daily on May 23, 2017

Landmarks Bhd (-ve)

Shares in Landmarks Bhd (fundamental: 0.9/3, valuation: 1.25/3) triggered our momentum algorithm yesterday for the third time this year. The stock price went up 9.71% or 8.5 sen to a one-year high of 96 sen on the back of some 4.1 million shares traded, compared with its 200-day average trading volume of 219,782 shares.

Last Friday, Landmarks’, which is a 30.3% associate of Genting Bhd, net loss narrowed by half to RM3.35 million in its first quarter ended March 31, 2017 (1QFY17) from RM6.59 million a year earlier. This was supported by improved performance of its hospitality and wellness, and resort and destination development divisions, the group said.

Its quarterly revenue grew 12.5% to RM26.91 million from RM23.92 million in 1QFY16.

The stock is currently trading at 0.27 times its net book value and has a market capitalisation of RM505.09 million.

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