<div>This article first appeared in <em>The Edge Financial Daily</em>, on March 22, 2017.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Managepay Systems Bhd (+ve)</strong><br />
SHARES in Managepay Systems Bhd (fundamental: 0.6/3, valuation: 0.3/3), which triggered our Stocks with Momentum algorithm yesterday for the second time this year, closed up 10.64% or 2.5 sen at 26 sen.</p></div>

<div class=newsTextDataWrapInner><p>The counter saw 122.54 million shares traded, compared to its 200-day average of 2.39 million shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Managepay is a Multimedia Super Corridor-status company that offers electronic payment solutions and loyalty management services to business enterprises.</p></div>

<div class=newsTextDataWrapInner><p>The financial technology player recently announced it intended to take up controlling stakes in two sports management companies for RM740,000 in total, as it was planning to roll out a mobile application for sports facilities and equipment.</p></div>

<div class=newsTextDataWrapInner><p>Managepay is currently trading at 1.86 times its net book value.</p></div>


This article first appeared in The Edge Financial Daily, on March 22, 2017.

 

Managepay Systems Bhd (+ve)
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