<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on January 24, 2020</span></p></div><div class=newsTextDataWrapInner><p><strong>TAS Offshore Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>Trading of shares in TAS Offshore Bhd (fundamental: 0.85/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the second time this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>A total of 14.49 million shares were crossed, compared with its 200-day average of 383,399 shares, before the counter closed four sen or 10.67% up at its three-year high of 41.5 sen.</p></div>

<div class=newsTextDataWrapInner><p>TAS Offshore is mainly in the business of shipbuilding, including hull and superstructure construction, propulsion and power system installation, vessel testing and commissioning, besides the provision of ship repair services.</p></div>

<div class=newsTextDataWrapInner><p>For the second quarter ended Nov 30, 2019 (2QFY20), TAS Offshore registered a net loss of RM857,000 versus a net profit of RM1.29 million for the corresponding quarter a year ago, as revenue more than halved to RM6.17 million from RM15.77 million.</p></div>

<div class=newsTextDataWrapInner><p>This brings its earnings for the first half of FY20 to a net loss of RM475,000 on a revenue of RM13.01 million.</p></div>


TAS Offshore Bhd (-ve)

Trading of shares in TAS Offshore Bhd (fundamental: 0.85/3, valuation: 0.9/3) triggered our momentum algorithm yesterday for the second time this year.

A total of 14.49 million shares were crossed, compared with its 200-day average of 38...

Stock With Momentum: TAS Offshore

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Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

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<p>MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.&nbsp;</p>


<p>The escalating tensions in the Middle East have influenced market sentiment and shifted investors' emphasis to the energy, finance and plantation sectors, which helped boost the FBM KLCI higher by midday on Friday.</p>


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<p>Melaka State Secretary Datuk Zaidi Johari died of a heart attack this morning. He was 54.</p>

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<p>Kenanga Investment Bank has initiated coverage on soon-to-be listed oil and gas services firm Keyfield International Bhd at RM1.90 — reflecting a 111% premium over its IPO price of 90 sen per share — while giving it an “outperform” rating.</p>
