<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on May 4, 2017</span></p></div><div class=newsTextDataWrapInner><p><strong>LB Aluminium Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in LB Aluminium Bhd (fundamental: 1.4/3, valuation: 2.6/3), which also triggered our momentum algorithm yesterday for the second time this year, settled two sen or 2.6% higher at 79 sen.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It recorded transactions involving 15.78 million shares, far above its 200-day average of 1.74 million shares.</p></div>

<div class=newsTextDataWrapInner><p>Its net profit for the third quarter ended January 2017 was 8.92% higher at RM5.68 million, compared with RM5.21 million netted in the same quarter last year.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue, however, slid a marginal 0.89% to RM113.47 million from RM114.49 million a year ago.</p></div>

<div class=newsTextDataWrapInner><p>LB Aluminium said despite the lower revenue due to lower business volume, the company still reported a higher profit after taxation due to over-provision of taxation for the previous financial year.</p></div>

<div class=newsTextDataWrapInner><p>At the current share price, LB Aluminium is trading at 0.67 times its book value.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


LB Aluminium Bhd (-ve)

SHARES in LB Aluminium Bhd (fundamental: 1.4/3, valuation: 2.6/3), which also triggered our momentum algorithm yesterday for the second time this year, settled two sen or 2.6% higher at 79 sen.

It recorded transactions involving 15.78 mi...

Stock With Momentum: LB Aluminium

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