This article first appeared in The Edge Financial Daily, on July 19, 2016.
Minho (M) Bhd (-ve)
SHARES in Minho (M) Bhd (fundamental: 1.55/3, valuation: 1.1/3) triggered our momentum algorithm yesterday, as its share price gained 7.23% to RM1.78, after 2.43 million shares changed hands.
Minho is undergoing a series of corporate exercises that involve the subdivision of every one existing share into two new shares, and the issuance of free warrants on the basis of one warrant for every two shares.
The last time Minho was highlighted by our proprietary algorithm was on July 12, after its shareholders approved the exercises.
Over the past year, the counter has been trading between RM1.01 and RM1.90. At its current share price, it is trading at a trailing price-earnings ratio of 9.21 times, with a market capitalisation of RM193.34 million.
Year to date, Minho has gained 25.35% from RM1.42.
MINHO (5576) - Stock With Momentum: Minho (M)
http://www.theedgemarkets.com/my/article/stock-momentum-minho-m-0
