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This article first appeared in The Edge Financial Daily on May 24, 2017

PNE PCB Bhd (+ve)

SHARES in PNE PCB Bhd (fundamental: 1.8/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the first time in over two years. The counter was last picked by our algorithm on April 3, 2015.

It closed unchanged at 53 sen yesterday, after some 4.8 million shares were traded, far above its average volume of 137,964 shares seen in the last 200 days.

In the first quarter ended Dec 31, 2017, PNE PCB’s net profit jumped 18 times to RM1.67 million from RM93,000, as revenue grew 39% to RM27.93 million from RM20.05 million, due to an expansion in its client base.

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