This article first appeared in The Edge Financial Daily on January 22, 2020

LKL International Bhd (+ve)

TRADING of shares in LKL International Bhd (fundamental: 1.65/3, valuation: 0.3/3), which closed one sen or 5.71% higher at 18.5 sen yesterday, triggered our momentum algorithm yesterday for the second time this year.

At the closing bell, LKL International recorded a total trading volume of 8.04 million shares, sharply higher compared with its 200-day average of 556,003 shares.

LKL is involved in the provision of medical or healthcare beds, and peripherals and accessories, to customers like hospitals, medical centres, clinics, and specialist institutions in 50 countries.

As of its second quarter ended Oct 31, 2019, LKL International registered a net profit of RM557,000, almost four times the RM141,000 it achieved in the same period a year ago, while revenue rose 16% to RM20.03 million from RM17.25 million, driven by higher sales across all segments and a better product mix.