Sanbumi Holdings Bhd (-ve)
SHARES in tourism operator Sanbumi Holdings Bhd (fundamental: 1.65/3, valuation: 0.9/3) triggered our momentum algorithm for the fourth time this year.
The stock closed three sen or 15% higher at 23 sen yesterday, giving it a market capitalisation of RM52.07 million.
The counter saw some 5.6 million shares changing hands yesterday, compared with its 200-day average volume of 192,167 shares.
For the nine months ended Dec 31, 2016, Sanbumi’s net loss halved to RM2.63 million from RM4.54 million a year ago, while revenue fell 2.89% to RM34.38 million from RM35.41 million a year ago.
At the current share price, Sanbumi is trading at 0.52 times its book value.