By Asia Analytica / The Edge Financial Daily | July 20, 2016 : 10:38 AM MYT
This article first appeared in The Edge Financial Daily, on July 20, 2016.
K-Star Sports Ltd (+ve)
SHARES in K-Star Sports Ltd (fundamental: 0.95/3, valuation: 0.9/3) triggered our momentum algorithm for the second time yesterday, as its share price gained 33.33% to eight sen, with 37.59 million shares changing hands.
However, there were no new announcements by the sports footwear manufacturer, which saw its net loss widen 9.02% to RM5.63 million for the first quarter ended March 31, 2016, from RM5.17 million a year ago, even though revenue grew 10.54% to RM42.34 million.
The group blamed higher finance costs as the reason behind the weaker profitability for the quarter.
The stock has traded between four sen and 11 sen over the past year. At its current share price, it has a market capitalisation of RM21.31 million.
KSTAR (5172) - Stock With Momentum: K-Star Sports
http://www.theedgemarkets.com/my/article/stock-momentum-k-star-sports
