This article first appeared in The Edge Financial Daily on January 17, 2018

Sino Hua-An International Bhd (-ve)
SHARES in Sino Hua-An International Bhd (fundamental: 1.55/3, valuation: 0/3), which also triggered our stocks with momentum algorithm yesterday for the first time this year, closed nine sen or 13.95% lower at 55.5 sen yesterday.

It saw 222.82 million shares done, compared with the counter’s 200-day average of 28.41 million shares. It was Bursa Malaysia’s fifth most actively traded stock of the day.

In the third quarter ended Sept 30, 2017, it achieved a net profit of RM34.15 million versus a net loss of RM10.2 million in the same quarter last year. Revenue came in at RM269.3 million versus nil in the previous year, because the group’s operationalised coke ovens were subject to a leasing arrangement spanning that material period of time.

The company reported a nine-month financial year 2017 net profit of RM55.12 million, compared to a net loss of RM33.45 million a year earlier.

At the current share price, Sino Hua-An is trading at 1.79 times its book value.