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This article first appeared in The Edge Financial Daily on March 20, 2019

Three-A Resources Bhd (-ve)
Three-A Resources Bhd (fundamental: 2.1/3, valuation: 0.8/3) also made it into our Stocks with Momentum list yesterday for the first time this year. The stock closed 7.5 sen or 8.47% higher at 96 sen, valuing it at RM472.32 million. A total of 2.13 million shares were traded, exceeding the counter’s 200-day average trading volume of 178,196.5 shares.

Three-A Resources’ net profit for the fourth quarter ended Dec 31, 2018 (4QFY18) fell 17.34% to RM9.2 million versus RM11.13 million last year, mainly on lower product margins arising from higher prices of raw materials. This is despite revenue growing 9.99% to RM120.35 million from RM109.42 million on higher product selling prices and quantities sold.

For the full year ended Dec 31, 2018, its net profit fell 30.08% year-on-year to RM29.12 million from RM41.65 million, though revenue climbed 6.44% to RM437.98 million from RM411.49 million.

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