Stock With Momentum: TFP Solutions

This article first appeared in The Edge Financial Daily, on July 15, 2019.
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TFP Solutions Bhd (-ve)
TRADING of shares in TFP Solutions Bhd (fundamental: 1.55/3, valuation: 0/3), which triggered our proprietary momentum algorithm last Friday for the first time this year, closed up one sen or 8% to 13.5 sen.

A total of 1.05 million shares were done, versus its 200-day average trading volume of 127,941.5 shares.

The company is an IT software services provider that is marketed towards small- and medium-sized enterprise in setting up software for business processes.

Last Tuesday, TFP Solutions inked a product co-branding agreement with mobile virtual network operator Tune Talk Sdn Bhd.

TFP Solutions said its unit MBP Solutions Sdn Bhd has entered into the agreement with Tune Talk to promote and market the latter’s product and services through TFP Solution’s co-branded mobile fintech product, OneCALL.

As at last Friday, TFP Solutions was trading at 2.74 times its net book value.