Advance Synergy Bhd (-ve)
A 25% jump in Advance Synergy Bhd (fundamental: 1.65/3, valuation: 1.2/3) shares yesterday triggered our momentum algorithm for the third time. The stock closed at 13.5 sen, gaining 1.5 sen or 12.5% after 19.89 million shares were done. It’s 200-day average volume is only about 361,534 shares.
Advance Synergy is a plastic bottle and container manufacturer, as well as a property developer. For financial year 2015 (FY15), its net loss widened to RM11.21 million, compared with RM4.64 million a year ago, on lower revenue — which slipped 2.2% to RM268.84 million on lower contributions from its hotel and resort operations — and higher operating expenses in 2015.
The company attributed the higher operating expenses in 2015, compared with 2014, to a loss on the termination of a lease for an overseas hotel, adding that it anticipated challenges to continue in 2016.
Notwithstanding that, Advance Synergy paid a 2.5 sen dividend to reward its shareholders in FY15.
ASB (1481) - Stock With Momentum: Advance Synergy
http://www.theedgemarkets.com/my/article/stock-momentum-advance-synergy
