This article first appeared in The Edge Financial Daily, on April 27, 2016.

Signature International Bhd(-ve)

Specialist kitchen and wardrobe manufacturer Signature International Bhd (fundamental: 2.10/3, valuation: 1.80/3) triggered our momentum algorithm again yesterday, the second time this month.

The counter’s volume spiked to 3.56 million shares, compared with its 200-day average volume of 751,255 shares, and closed one sen or 0.92% lower at RM1.08. Year to date, the counter has appreciated 17.39%.

An analyst report said the group is tendering for Sime Darby Bhd’s Battersea Power Station Phase 3A kitchen projects, and may announce a special dividend. The report also noted that the RM79.95 million compulsory acquisition of a piece of Signature land measuring 13,506 sq m by the Selangor state government will cause minimal disruption to the group’s operations.

For the nine-month period ended March 31, 2016, Signature’s net profit rose over three times to RM32.24 million, from RM9.06 million a year ago. The group’s earnings per share also surged to 26.9 sen, from 7.6 sen in the previous year.