This article first appeared in The Edge Financial Daily, on March 2, 2017. Knusford Bhd (-ve)SHARES in little-traded Knusford Bhd (fundamental: 1.25/3, valuation: 1.2/3) closed four sen or 3.2% lower at RM1.23 yesterday, after 175,600 shares were exchanged, compared to its 200-day average volume of 3,273 shares. Revenue, however, climbed 18% to RM35.12 million from RM29.83 million. For the full FY16, Knusford’s net loss widened to RM15.77 million from RM1.61 million in FY15, as revenue shrank 14% to RM130.19 million from RM151.13 million. At the current share price, Knusford is trading at 0.45 times its book value.

Source: The Edge Markets March 02, 2017 02:48 UTC