VisDynamics Holdings Bhd (-ve)
SHARES in VisDynamics Holdings Bhd (fundamental: 2.6/3, valuation: 1.2/3), which triggered our momentum algorithm for the first time since January this year, pushed the stock’s price up three sen or 6.32% higher to 50.5 sen apiece.
The group, which specialises in automated semiconductor test equipment, saw 4.65 million shares traded, exceeding its 200-day average volume of 817,885 shares.
VisDynamics posted a net profit of RM419,220 in its first quarter ended Jan 31, 2018, down 62.6% from RM1.12 million in the previous year’s corresponding quarter, mainly due to unrealised foreign exchange loss that amounted to RM804,013.
However, the group generated a revenue of RM7.13 million, up 17.8% year-on-year from RM6.05 million, due to the sales of machines with different specifications at higher selling prices.
The stock currently has a market capitalisation of RM85.1 million, based on its latest traded price. In the past one year, the stock has retreated 19.4%.