Stock With Momentum: Sasbadi Holdings

This article first appeared in The Edge Financial Daily, on March 11, 2019.
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Sasbadi Holdings Bhd (-ve)
Sasbadi Holdings Bhd (fundamental: 1.1/3, valuation: 0.95/3), which made it into our Stocks with Momentum list last Friday, closed half a sen or 2.1% higher at 24 sen, after announcing it has secured a textbook deal from the government.

The stock saw 16.85 million shares traded, versus its 200-day average of 1.56 million shares. At its current price, the group has a market capitalisation of RM100.58 million.

Sasbadi announced last Thursday it had booked a three-year contract to supply Arts education textbooks to the Ministry of Education for Year 4 of national-type Sekolah Jenis Kebangsaan Cina (SJKC).

The contract, which is worth RM746,460, will start from March 5, 2019 and end on March 4, 2022. Sasbadi expects to deliver the first tranche of the contract — worth about RM677,650, to SJKCs nationwide in the first and second quarters of its financial year ending Aug 31, 2020.