Hiap Huat Holdings Bhd (+ve)
SHARES of Hiap Huat Holdings Bhd (fundamental: 0.75/3; valuation: 0.9/3) triggered our momentum algorithm for the first time yesterday. The counter closed at its intra-day high of 10 sen yesterday, up half sen or 5.26%, after some 17.37 million shares were traded. In comparison, its 200-day average volume is only around 1.03 million.
Hiap Huat is in recovering and refining chemical wastes in an environmentally-friendly manner and is one of the Department of Environment’s licensed waste recycling holder.
For the fourth quarter ended Dec 31, 2015 (4QFY15), the company dipped into the red with a net loss of RM1.43 million from a net profit of RM160,000 a year ago, as revenue nearly halved to RM4.6 million compared to RM8.6 million.
For the full year, its net loss widened to RM1.59 million from RM349,000 in FY14, as revenue shrunk 32.97% to RM24.54 million from RM36.61 million. The stock currently trades at 0.63 times its book value.
HHHCORP (0160) - Stock With Momentum: Hiap Huat Holdings
http://www.theedgemarkets.com/my/article/stock-momentum-hiap-huat-holdings
