TRC Synergy Bhd (-ve)
SHARES of construction company TRC Synergy (fundamental: 1.4/3, valuation: 2/3) triggered our momentum algorithm for the second time this month. The stock rose 2.5 sen or 5.26% to close at 50 sen yesterday, with 7.07 million shares done.
Yesterday, the company announced that it clinched two contracts totalling RM178.2 million from Mass Rapid Transit Corp Sdn Bhd. Just last week, it also announced that its joint venture company secured a RM231.1 million contract from Ministry of Development, Brunei for airfield pavement rehabilitation works at Brunei International Airport.
Two weeks ago, it announced that it bagged a RM88 million contract from Advanced Air Traffic Systems (M) Sdn Bhd to construct new Kuala Lumpur air traffic control centre building and associated works at Kuala Lumpur International Airport (KLIA).
The stock currently trades at a trailing 12-month P/E of 7.4 times and 0.64 times book value. Dividends totalled 0.2 sen per share for FY2014, translating into a dividend yield of 0.4%.
TRC (5054) - Stock With Momentum: TRC Synergy http://www.theedgemarkets.com/my/article/stock-momentum-trc-synergy
