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This article first appeared in The Edge Financial Daily on June 1, 2017

Ta Win Holdings Bhd (-ve)
SHARES in Ta Win Holdings Bhd (fundamental: 0.35/3, valuation: 1.5/3) triggered our momentum algorithm for the sixth time this year.

Ta Win’s share price increased eight sen or 9.3% to 94 sen yesterday, with a trading volume of 1.7 million shares, surpassing its 200-day average volume of 187,868 shares.

The group, which manufactures copper wires and copper rods, reported a net profit of RM1.59 million in its first financial quarter ended March 31, 2017 (1QFY17) from a net loss of RM4.89 million a year ago, due to a gain on disposal of its subsidiaries.

Revenue for 1QFY17 grew 1.3% to RM84.35 million from RM83.25million a year ago due to the higher selling prices as a result of a pickup in the London Metal Exchange prices.

At the current share price, Ta Win is trading at 0.94 times its book value.
 

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