This article first appeared in The Edge Financial Daily, on May 11, 2016.

TFP Solutions Bhd (-ve)

Shares in TFP Solutions Bhd (fundamental: 2.25/3, valuation: 0.3/3) triggered our momentum algorithm for the second time. The counter traded at a six-month high, touching an intraday high of 18.5 sen, before closing up three sen or 23.08% at 16 sen with total trades of 4.14 million shares yesterday.

For the fourth quarter ended Dec 31, 2015, the business consulting services company reported a significantly lower net loss of RM273,000, from its net loss of RM15.4 million in the previous year, while revenue dropped more than half to RM14.09 million from RM30.11 million.

For the full year, the group turned in a net profit of RM523,000 from its net loss of RM15.31 million in the previous year, while revenue fell 15% to RM76.14 million from RM89.71 million.

TFP trades at 1.69 times its book value. The company did not declare any dividend in FY15.