This article first appeared in The Edge Financial Daily on December 10, 2019

TIGER Synergy Bhd (-ve)

TIGER Synergy Bhd (fundamental: 0.8/3, valuation: 0.9/3), which closed 22.22% or two sen higher at its near 19-month high of 11 sen yesterday, made it to our Stocks with Momentum list for the second time this year.

The gain came after 91.43 million shares were traded, over 12 times the counter’s 200-day average trading volume of 7.53 million shares. It was the second most actively traded counter on Bursa Malaysia yesterday.

Late last month, Tiger Synergy announced that it incurred a net loss of RM701,000 for the three months ended Sept 30, 2019, compared to a net profit of RM67,000 for the same period a year ago, as revenue dropped 41% to RM2.06 million from RM3.5 million on decreased sales of timber contract work.

For the 15-month period ended Sept 30, the group posted a cumulative net loss of RM665,000 on a revenue of RM19.05 million. There are no comparative figures as the group changed its year end to Dec 31 from June 30.