<div>This article first appeared in <em>The Edge Financial Daily,</em> on September 23, 2016.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p><strong>Willowglen MSC Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>SHARES in Willowglen MSC Bhd (fundamental: 2.55/3, valuation: 2.4/3) closed up 3.5 sen or 5.4% higher at 68 sen yesterday, with 880,900 shares traded, compared with its 200-day average volume of 162,560 shares.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It was the third time the stock triggered our momentum algorithm. Willowglen is involved in integrated monitoring system projects, such as building integrated security and monitoring solutions. On Wednesday, the company said its wholly-owned subsidiary, Willowglen Services Pte Ltd, had been awarded a contract valued equivalent to about RM10.04 million by SP PowerAssets Ltd for the supply, installation and maintenance of intruder detection systems.</p></div>

<div class=newsTextDataWrapInner><p>To start on that same date, the project should be completed by Sept 20, 2018. The contract is expected to contribute positively to the group’s earnings and net assets per share for the financial year ending Dec 31, 2017 (FY17) and FY18.</p></div>

<div class=newsTextDataWrapInner><p>At the current share price, Willowglen is trading at 1.3 times its book value.</p></div>


This article first appeared in The Edge Financial Daily, on September 23, 2016.

 

Willowglen MSC Bhd (+ve)

SHARES in Willowglen MSC Bhd (fundamental: 2.55/3, valuation: 2.4/3) closed up 3.5 sen or 5.4% higher at 68 sen yesterda...

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