<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on January 30, 2020</span></p></div><div class=newsTextDataWrapInner><p><strong>TAS Offshore Bhd (-ve)</strong><br />
SHIPBUILDER TAS Offshore Bhd triggered our momentum algorithm for the third time this month, as trading volume surged to 28.32 million shares, or 58 times its 200-day average of 485,722 shares.</p></div>

<div class=newsTextDataWrapInner><p>The counter rose 4.5 sen or 11.4% to close at 44 sen yesterday. Year to date, it has rallied 83.3%.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the six months ended Nov 30, 2019 (6MFY20), TAS Offshore slipped into a net loss of RM475,000 from a net profit of RM2.23 million. Its revenue nearly halved to RM13.01 million from RM24.75 million for 6MFY19.</p></div>

<div class=newsTextDataWrapInner><p>Overall, TAS is optimistic about its prospects on the back of a bright outlook for the Indonesian coal mining industry, which would trigger demand for more tugboats and possibly more jobs for the company.</p></div>


TAS Offshore Bhd (-ve)
SHIPBUILDER TAS Offshore Bhd triggered our momentum algorithm for the third time this month, as trading volume surged to 28.32 million shares, or 58 times its 200-day average of 485,722 shares.

The counter rose 4.5 sen or 11.4% to close at ...

Stock With Momentum: TAS Offshore

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