JAG Bhd (-ve)SHARES in JAG Bhd (fundamental: 1.25/3; valuation: 0.3/3) triggered our stocks with momentum algorithm last Friday for the second time this year. The stock closed up 3.57% or 0.5 sen higher at 14.5 sen with 37.7 million shares traded, compared with the counter’s 200-day average of 7.81 million shares. The group is involved in recycling, computer software development, maintenance and support services, provision of marketing support, and system integration and network solutions. Revenue, however, declined 10% to RM21.5 million from RM23.91 million, on lower sales of nickel and gold. JAG is currently trading at 1.4 times its net book value.

Source: The Edge Markets February 27, 2017 02:48 UTC