Rev Asia Bhd (-ve)
SHARES in Rev Asia Bhd (fundamental: 2.3/3, valuation: 1.1/3) triggered our stocks with momentum algorithm yesterday for the first time this month.

The stock closed up 36.2% or 29.5 sen higher at RM1.11 with 6.3 million shares traded versus the counter’s 200-day average of 17,450 shares.

The digital media group is the holding company of REV Asia Holdings. It owns and operates media brands, and provides digital marketing solutions. It is 66% owned by parent company Catcha Group.

For the fourth quarter ended Dec 31, 2016, its net loss widened to RM4.21 million from RM1.86 million in the previous year. Revenue increased 62% to RM7.93 million from RM4.88 million a year ago.

The media group recently said in an interview with The Edge Financial Daily that it is targeting at least a 50% growth in its Malay-segment audience base by the end of the year. It recently bought three popular Malay content websites.

Rev Asia is currently trading at 2.64 times its net book value.