<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on August 17, 2018</span></p></div><div class=newsTextDataWrapInner><p><strong>Malayan United Industries Bhd (-ve)</strong><br />
TRADING of shares in Malayan United Industries (fundamental: 0.75/3, valuation: 0.30/3) triggered our momentum algorithm yesterday for the first time this year. The group saw 11,684,000 shares traded compared to its 200-day average of 7,167,350.</p></div>

<div class=newsTextDataWrapInner><p>Malayan United Industries’ revenue was down a marginal 2.3% to RM92.95 million in its third quarter ended March 31, 2018 (3QFY18) from RM95.16 million a year ago.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Net loss shrank 68.9% to RM4.38 million in 3QFY18 from RM14.08 million a year ago.</p></div>

<div class=newsTextDataWrapInner><p>Malayan United Industries is involved in the retail, hotel, property, food and financial services industries. The division has begun consolidation measures that include the closing down of non-performing stores, refurbishment of department stores, introducing new fashion designs as well as incorporating other retailing concepts.</p></div>

<div class=newsTextDataWrapInner><p>The stock rose 0.5 sen or 2.56% to close at 20 sen, giving it a market capitalisation of RM586.51 million. Malayan United Industries was last traded at 1.08 times its book value.</p></div>

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Malayan United Industries Bhd (-ve)
TRADING of shares in Malayan United Industries (fundamental: 0.75/3, valuation: 0.30/3) triggered our momentum algorithm yesterday for the first time this year. The group saw 11,684,000 shares traded compared to its 200-day average of 7,...

Stock With Momentum: Malayan United Industries

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<p>Maybank IB is the first from a total of fi...

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