TFP Solutions Bhd (+ve)
SHARES in TFP SOLUTIONS Bhd (fundamental: 0.95/3, valuation: 0/3) triggered our stocks with momentum algorithm yesterday for the fifth time this year. The stock closed down 4.88% or one sen lower at 19.5 sen, with 3.33 million shares changing hands compared with the counter’s 200-day average of 209,701 shares.
The company is an information and communications technology software services provider. It is marketed towards small and medium enterprises in setting up software for business processes.
For its first quarter ended March 31, 2017 (1QFY17), the company made a net profit of RM2,000, recovering from a net loss of RM62,000 a year ago.
Quarterly revenue fell by close to 3% to RM9.66 million from RM9.94 million in 1QFY16, attributed mainly to the information technology infrastructure and enterprise solutions business.
At the current share price, TFP Solutions is trading at 2.79 times its book value.