SC Estate Builder Bhd (-ve)
TRADING of shares in SC Estate Builder Bhd (fundamental: 1.5/3, valuation: 1.5/3) triggered our proprietary momentum algorithm last Friday for the first time this year.
The counter rose half a sen or 16.67% to close at 3.5 sen, giving the group a market value of RM30.91 million. The counter saw 10.14 million shares traded versus a 200-day average trading volume of 492,376.5 shares.
The construction outfit reported a 7.3% uptick in net profit to RM3.11 million for its fourth financial quarter ended Jan 31, 2019 (4QFY19), while revenue inched up to RM7.66 million in 4QFY19 from RM7.66 million in 4QFY18.
The improved performance was due to higher contribution from the construction and project management section, despite a decline in revenue from its building materials and trading segments.