This article first appeared in The Edge Financial Daily, on February 27, 2017. Oceancash Pacific Bhd (+ve)SHARES in Oceancash Pacific Bhd (fundamental: 1.7/3; valuation: 1.2/3) triggered our stocks with momentum algorithm last Friday for the first time since 2015. Last Friday, the stock closed up 3.45% or 1.5 sen higher at 45 sen with 8.87 million shares traded, compared with the counter’s 200-day average of 919,472 shares. The company is principally involved in the manufacturing of non-woven fabric, thermal bonded non-woven cloth used in disposable hygienic products, and felt products. Oceancash Pacific is currently trading at 1.36 times its net book value.

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