LTKM Bhd (-ve)
TRADING of shares in chicken eggs producer LTKM Bhd (fundamental: 0.85/3, valuation: 2/3) triggered our momentum algorithm last Friday for the first time this year.
The counter closed two sen or 1.87% higher at RM1.09, with 175,800 shares traded compared with its 200-day average volume of 13,631.5 shares.
LTKM’s net profit for the second financial quarter ended Sept 30, 2018 (2QFY19) stood at RM7.6 million, more than six times higher than the RM1.21 million registered a year ago, mainly due to higher earnings from poultry.
Quarterly revenue was also higher at RM46.72 million compared with RM44.81 million in 2QFY18.
For its cumulative six months, the group returned to the black with a net profit of RM5.72 million compared to a net loss of RM984,000 a year ago.