Tatt Giap Group Bhd (+ve)
TATT Giap Group Bhd (fundamental: 0/3, valuation: 0.9/3) saw its share price surge 59.1% to close at 17.5 sen last Friday, its three-month high, after 4.56 million shares were traded. In comparison, its 200-day average volume was only about 57,649 shares.
The stock, however, has been “red-flagged” by our proprietary algorithm, suggesting that investors should exercise caution while trading the stock.
Last Thursday, Tatt Giap realised a surplus of RM29.26 million that arose from the revaluation of properties owned by its subsidiaries. Tatt Giap’s net asset per share will increase by 12.1 sen based on the unaudited results of the group for the 14-month financial period ended Feb 29, 2016.
For the fourth quarter ended Dec 31, 2015 (4QFY15), the company managed to shrink its net loss to RM9.31 million from a net loss of RM16.76 million in 4QFY14, mainly due to lower cost of sales recorded and higher other operating income, even as revenue fell 44% to RM32.36 million from RM58.29 million.
TATGIAP (5178) - Stock With Momentum: Tatt Giap Group
http://www.theedgemarkets.com/my/article/stock-momentum-tatt-giap-group
