This article first appeared in The Edge Financial Daily on March 18, 2019

PCCS Group Bhd (-ve)
TRADING of shares in PCCS Group Bhd (fundamental: 1.7/3, valuation: 2.4/3) triggered our momentum algorithm last Friday for the fifth time this month.

The counter closed up 2.5 sen or 6.58% at 40.5 sen, with a market capitalisation of RM85.07 million. A total of 18.04 million shares were traded, higher than the counter’s 200-day average volume of 670,156 shares.

PCCS is involved in garment manufacturing for original equipment manufacturers and in-house brands, services of embroidery and woven fabric, printing for self-adhesive stickers, heat transfer labels and name plates commonly used in packaging and display.

PCCS returned to the black in the third financial quarter ended Dec 31, 2018, with a net profit of RM4.55 million compared to a net loss of RM18,000 a year ago. Revenue fell 8.7% to RM111.93 million from RM122.63 million.

For the cumulative nine months ended Dec 31, 2018, the group posted a 181.5% increase in net profit to RM13.76 million, from RM4.89 million a year ago.