Thursday 28 Mar 2024
By
main news image

This article first appeared in The Edge Financial Daily on August 30, 2019

SMTrack Bhd (+ve)

TRADING of shares in SMTrack Bhd (fundamental: 1.2/3, valuation: 0/3) triggered our momentum algorithm yesterday for the 19th time this year and the third time this month. The last time it triggered our momentum algorithm was on Aug 15.

The counter closed half a sen higher to 23 sen, with a market capitalisation of RM34.25 million.

A total of 21.88 million shares were traded, compared with the stock’s 200-day average trading volume of five million shares.

For the third quarter ended April 30, 2019 (3QFY19), the group posted a net profit of RM74,000 from a net loss of RM420,000 in the corresponding quarter last year — with earnings per share (EPS) of half a sen posted during the quarter compared to loss per share of 0.29 sen. Quarterly revenue increased to RM425,000 from RM375,000 in 3QFY18 last year. Meanwhile, cumulative net profit for the nine months ended April 30, 2019 (9MFY19) stood at RM163,000, from a net loss of RM699,000 in 9MFY18. Revenue for the nine-month period increased to RM1.27 million, from RM849,000.

      Print
      Text Size
      Share