SAM Engineering & Equipment (M) Bhd (-ve)
TRADING of shares in SAM Engineering & Equipment (M) Bhd (fundamental: 1.9/3, valuation: 1.7/3) triggered our stocks with momentum algorithm yesterday for the first time this year.
The counter closed up 17 sen or 2.26% at RM7.69 with a market capitalisation of RM1.039 billion, with 31,100 shares traded compared with its 200-day average volume of 33,210 shares.
SAM’s principal business activity is in precision machining and equipment integration for aerospace and equipment industries. It also provides engineering solutions in the design and development of customised factory automation and material handling equipment integrated with vision inspection systems.
Its net profit for the first financial quarter ended June 30, 2018 (1QFY19) rose 87% to RM17.59 million from RM9.39 million a year earlier, thanks to better performance of both its aerospace and equipment segments, which recorded a revenue boost.