Tongher : Back on Investor's Radar

Tong Herr Resources Berhad’s (Tongher) is back on investor’s radar judged from its substantial surge in weekly trading volume for the last 52 weeks. Referring to the technical chart from i3investor below, to-date trading volume surpassed 900,000 shares 10 times since week starting 27 March 2017. Though this is still relatively mediocre compare to Top 10 active stocks of Bursa but after taking into consideration relatively illiquidity of Tongher shares and majority still hold by major shareholders of the company, this latest phenomena is something unseen for many years.

Chart: Tongher Weekly price movement and volume for the last 5 years

Source: i3investor Technical Stock Chart, https://klse.i3investor.com/servlets/stk/chart/5010.jsp

Local major financial daily/weekly i.e. Focus Malaysia and The Edge Malaysia also starts giving due coverage in their articles among others :-

1. The Edge weekly listed Tongher as stock with momentum on 5 Dec 2017. http://www.theedgemarkets.com/article/stock-momentum-tong-herr-resources-bhd
2. Focus Malaysia Issue 265 listed Tongher listed as 2nd biggest increase in net profit in Bursa achieving a significant increase in earnings by 1999.89% yoy.
3. Focus Malaysia Issue 266 expects Tongher’s earnings to be boosted from rising aluminium trading price

With its high dividend yield, low PE, and relatively low volume turnover (albeit higher in recent months), backed by even higher earning prospect in current FY. It does make sense that Tongher is set to be investors’ pick again.

http://klse.i3investor.com/blogs/simplymystock/143498.jsp