This article first appeared in The Edge Financial Daily on November 28, 2019

Tek Seng Holdings Bhd (-ve)
Tek Seng Holdings Bhd (fundamental: 1.65/3, valuation: 0.9/3) made it to our Stocks with Momentum list yesterday for the fifth time since July this year.

A total of 12.01 million shares were crossed, compared with its 200-day average of 282,726 shares, before the counter closed half a sen lower at 30 sen.

Tek Seng, which manufactures and trades polyvinyl chloride (PP)-related products and PP non-woven products, posted a net loss of RM48.69 million for the financial year ended Dec 31, 2018.

For its cumulative nine-month period ended Sept 30 this year, the company narrowed its net loss to RM3.32 million, from RM42.13 million for the same period last year, on lower property, plant and equipment impairment losses, although revenue declined 12.3% to RM130.15 million from RM148.37 million.