This article first appeared in The Edge Financial Daily, on February 17, 2016.

OKA Corporation Bhd (-ve)

OKA (Fundamental: 2.4/3, Valuation: 1.8/3) triggered our momentum algorithm yesterday, closing 3.28% or three sen higher at 94.5 sen.

OKA is a major precast concrete products manufacturer catering to the infrastructure, construction and highway industries.

On Jan 8 this year, the board of directors announced the company offered the options under Executive Share Option Scheme (ESOS) to the directors and eligible employees of OKA and its subsidiaries with an exercise price of 86 sen. It is at a 6.5% discount of the market price at that time.

The group is currently trading at a trailing 12-month P/E of 9.04 and 1.09 times book value. It also has a strong balance sheet with RM14.9 million cash and zero borrowings as of Sept 30, 2015. Average dividend yield for the past 10 years is also quite decent at 5.11%.

The group is expected to announce its 3QFY15 earnings by the end of this month.