A&M Realty Bhd (+ve)
A&M Realty Bhd (fundamental:2.15/3, valuation:1.40/3) triggered our momentum algorithm yesterday, the third time this month, after the counter surged 10 sen or 11.49%, before easing to settle 6.5 sen or 7.47% higher at 93.5 sen.
The counter saw some 1.87 million shares traded, compared with its 200-day average volume of only about 120,656.
The group is principally engaged in property development and construction, investment in hotels and golf resorts (Puteri Resort, Ayer Keroh and Puteri Garden, Klang), plantations, distribution of automotive parts for the replacement market, as well as the provision of security services.
For the financial year ended Dec 31, 2015 (FY15), the group’s net profit fell 32.14% to RM23.85 million, from RM35.15 million a year ago. The group saw a lower profit contribution across all segments, including property development and construction, manufacturing and trading, hotel and leisure-related services, and plantations.
A&M (5959) - Stock With Momentum: A&M Realty