Sersol Bhd (-ve)
SHARES in industrial electronics and chemical manufacturer Sersol Bhd (fundamental: 1.65/3, valuation: 0/3) triggered our momentum algorithm for the second time this year.
The stock closed two sen or 10.53% higher at 21 sen yesterday, bringing a market capitalisation of RM45.22 million. The counter saw some 14.03 million shares changing hands yesterday, surpassing its 200-day average volume of 844,800 shares.
For the financial year ended Dec 31, 2016 (FY16), Sersol saw its net loss fall to RM1.23 million from RM1.8 million, while revenue dropped 4.05% to RM20.43 million from RM21.29 million in FY15.
At the current share price, Sersol is trading at 2.55 times its book value.