Pintaras Jaya Bhd (-ve)
SHARES in Pintaras Jaya Bhd (fundamental: 2.7/3, valuation: 1.4/3), which triggered our momentum algorithm yesterday for the first time since it began tracking, settled two sen or 0.53% lower at RM3.78.
It saw 1.2 million shares traded, far above its 200-day average volume of 59,201 shares.
The piling specialist’s net profit jumped threefold to RM11.31 million in its second quarter ended Dec 31, 2016 (2QFY17), from RM2.53 million in the previous year, due largely to a significant improvement in contribution from its construction division, and higher investment income.
At the current share price, Pintaras, which has a market capitalisation of RM622.64 million, is trading at 1.83 times its book value. Year to date, the stock has appreciated 7.4%.