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This article first appeared in The Edge Financial Daily on April 3, 2018

Three-A Resources Bhd (-ve)

SHARES in Three-A Resources Bhd (3A) (fundamental: 2.35/3, valuation: 1.4/3) triggered our momentum algorithm yesterday for the first time this year.

The stock closed up one sen or 0.94% at RM1.07, with 1.35 million shares traded compared with the 200-day average volume of 544,825.5 shares. The group’s market capitalisation stood at RM531.36 million.

3A is a food and beverage ingredient manufacturer with products include caramel colour, glucose syrup, maltodextrin, and soya protein sauce.

In February, 3A chairman Datuk Mohd Nor Abdul Wahid was one of two individuals charged by the Securities Commission Malaysia with insider trading in relation to 3A’s joint venture with Singapore-listed Wilmar International Ltd in 2009.

Mohd Nor was charged under Section 188(2)(a) of the Capital Markets and Services Act 2007. If found guilty, he faces a prison term of up to 10 years and a fine not exceeding RM1 million.

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