This article first appeared in The Edge Financial Daily, on February 24, 2017. Chin Hin Group Bhd (-ve)SHARES in Chin Hin Group Bhd (fundamental: N/A, valuation: N/A) triggered our proprietary momentum algorithm yesterday for the first time this year. The stock closed up 1.02% or one sen higher at 99.5 sen after 10.46 million shares were traded, compared with its 200-day average of 840,543 shares. In its third quarter ended Sept 30, 2016, the company’s net profit increased 76% to RM8.14 million from RM4.61 million a year ago, though revenue fell 12% to RM241.8 million from RM276.18. Chin Hin Group is currently trading at 1.59 times its net book value.

Source: The Edge Markets February 24, 2017 03:33 UTC