Hexza Corp Bhd (-ve)SHARES in Hexza Corp Bhd (fundamental: 1.45/3, valuation: 2.6/3), which triggered our momentum algorithm yesterday for the second time this year, closed one sen or 1.03% lower at 96.5 sen yesterday, after some 1.16 million shares were traded. On Tuesday, Hexza appointed Gary Goh Soo Liang, 32, as its new chief executive officer. Goh was formerly section head of the equity capital markets department at RHB Investment Bank Bhd. Hexza posted a net profit of RM4.12 million in the fourth quarter ended June 30, 2016, up 24.85% from RM3.3 million a year earlier, on lower production cost. The stock currently trades at a trailing 12-month price-earnings ratio of 12.21 times and is at 0.89 times its book value.

Source: The Edge Markets November 03, 2016 02:50 UTC