<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily,</em> on June 24, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><strong>SHH Resources Holdings Bhd (+ve)</strong></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>SHARES in SHH Resources Holdings Bhd (fundamental: 3/3, valuation: 2.4/3) triggered our momentum algorithm for the second time this week, as the counter saw another day of heavy trading following trades of 630,400 shares yesterday, compared to its 200-day average volume of 166,417.5 shares. SHH closed three sen or 1.46% higher at RM2.09.</p></div>

<div class=newsTextDataWrapInner><p>The share price of SHH has been climbing since earlier this month, gaining 34 sen or 19% from its closing price of RM1.75 on June 1.</p></div>

<div class=newsTextDataWrapInner><p>The furniture manufacturer reported an 80% jump in net profit to RM2.76 million, from RM1.54 million a year earlier, boosted by a stronger greenback. Meanwhile, revenue fell 6% to RM26.48 million, from RM28.13 million a year ago, as customer orders declined.</p></div>

<div class=newsTextDataWrapInner><p>The stock currently trades at 1.18 times its book value.</p></div>


This article first appeared in The Edge Financial Daily, on June 24, 2016.

 

SHH Resources Holdings Bhd (+ve)

SHARES in SHH Resources Holdings Bhd (fundamental: 3/3, valuation: 2.4/3) triggered our momentum algorithm for the second time...

Stock With Momentum: SHH Resources Holdings

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