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This article first appeared in The Edge Financial Daily on October 21, 2019

MMS Ventures Bhd (-ve)
TRADING of shares in MMS Ventures Bhd (fundamental: 2.7/3, valuation: 0.9/3) triggered our momentum algorithm last Friday for the first time this year. The counter fell half a sen, or 0.58%, to close at 85 sen, valuing it at RM168.55 million. A total of 2.98 million shares changed hands, six times more than its 200-day average volume of 493,511 shares.

MMS Ventures’ net profit slipped 0.1% year-on-year to RM2.77 million for the second quarter ended June 30, 2019, despite revenue rising 23.5% to RM15.12 million from RM12.24 million. For the cumulative six months ended June 30, 2019, the group’s net profit fell 34.1% to RM4.46 million from RM6.67 million a year ago, while revenue was also down by 10.1% to RM25.32 million from RM28.16 million.

The company is involved in the design and manufacture of LED and semiconductor industrial automation systems and machinery.

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