Stock With Momentum: SEG International

This article first appeared in The Edge Financial Daily, on November 28, 2018.
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SEG International Bhd (+ve)
TRADING of shares in SEG International Bhd (fundamental: 2.7/3, valuation: 2.1/3) triggered our proprietary momentum algorithm yesterday for the first time since we started tracking the stock.

At the closing bell yesterday, the education provider, known for its university and colleges under the brand name of SEGi, saw its share price inch up 0.5 sen or 0.76% to 66 sen, giving it a market capitalisation of RM817.42 million.

A total of 1.01 million shares were crossed, versus a 200-day average trading volume of 148,200 shares. SEG International has seen its share price hovering between 60 sen and 71 sen in the past 52 weeks.

The group made a net profit of RM15.76 million on revenue of RM65.46 million in its third quarter ended Sept 30, 2018.