M3 Technologies (Asia) Bhd (+ve)
M3 Technologies (Asia) Bhd (fundamental: 2.55/3, valuation: 0.30/3) triggered our momentum algorithm again, the fifth time this month, after the counter saw 5.2 million shares changing hands, compared with the 200-day average volume of 771,070 shares.
The counter closed one sen or 5.26% higher at 20 sen yesterday, after paring down gains from its intraday high of 21 sen.
The group announced to Bursa Malaysia last week that it had rolled out and offered several Internet-related products in six foreign countries, including Singapore, Indonesia, Thailand, Pakistan, Dubai and China.
The company is a mobile value-added services provider. It is involved in the delivery and settlement of mobile messaging and data services. It is connected to more than 175 mobile operators around the world.
M3TECH (0017) - Stock With Momentum: M3 Technologies (Asia)
http://www.theedgemarkets.com/my/article/stock-momentum-m3-technologies-asia
