This article first appeared in The Edge Financial Daily on February 26, 2019
TSR Capital Bhd (-ve)
Trading of shares in TSR Capital Bhd (fundamental: 0.35/3, valuation: 1.10/3) triggered our momentum algorithm yesterday for the first time this year.
The counter closed a sen, or 2.5%, higher to 41 sen, with 15,000 shares traded. This is in contrast to its 200-daily average trading volume of 9,409 shares.
On Jan 14 the group announced its wholly-owned unit, TSR Bina Sdn Bhd, had accepted a contract from Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd for the sub-contracting of a section of civil works for the electrified double-tract from Gemas to Johor Baru for RM307 million — with the project to be completed by March 2020.