Friday 29 Mar 2024
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This article first appeared in The Edge Financial Daily on December 6, 2018

Sanichi Technology Bhd (+ve)

TRADING of shares in Sanichi Technology Bhd (fundamental: 0.6/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the eighth time since Nov 19.

The counter saw 39 million shares crossed compared with its 200-day average trading volume of 3.51 million shares. But the stock finished unchanged from the previous day’s close at 17 sen.

Sanichi is listed on the ACE Market and is involved in the design and fabrication of precision moulds and tooling. It ventured into the property development business in 2014, its maiden development in Klebang, Melaka.

Sanichi Technology is now trading at 0.33 times its net book value.

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