VisDynamics Holdings Bhd (+ve)
Trading of shares in VisDynamics Holdings Bhd (fundamental: 2.6/3, valuation: 1.2/3) slipped 0.5 sen or 0.71% to settle at 70 sen yesterday, after 4.89 million shares crossed.
This was more than four times the counter’s 200-day average volume of about 1.01 million shares.
Last week, the group announced that its net profit almost doubled in its third quarter ended July 31, 2018 (3QFY18) to RM2.64 million from RM1.34 million in 3QFY17, on higher revenue driven by stronger machine sales during the period.
At the current level, the group is trading at a trailing price-earnings ratio of 15.6 times. The stock, which touched its one-year low of about 29 sen in April, has staged a rather strong rebound since.