mTouche Technology Bhd (-ve)
Trading of shares in mTouche Technology Bhd (fundamental: 1.2/3, valuation: 0.9/3), triggered our proprietary momentum algorithm yesterday for the seventh time since September 2019.
The stock rose one sen or 10% to close at 11 sen yesterday, with a market capitalisation of RM55.94 million. A total of 21.76 million shares crossed, nearly nine times more compared with its 200-day average trading volume of 2.47 million shares.
In its first quarter ended Sept 30, 2019, mTouche registered a net profit of RM1.6 million on revenue of RM4.61 million, versus a net loss of RM1.3 million in the year-ago quarter on revenue of RM2.91 million.
The mobile services provider said the bulk of its revenue was generated from its Vietnamese and Thai operations besides the reduced cost of data communication services at its Singaporean division. It is seeking continuous development and feasible investments in new products and services for the future market share growth in Southeast Asia, Asia-Pacific and global markets.