This article first appeared in The Edge Financial Daily, on March 2, 2017. T7 Global Bhd (+ve)SHARES in T7 Global Bhd (fundamental: 2.05/3, valuation: 0.3/3), formerly known as Tanjung Offshore Bhd, which triggered our momentum algorithm yesterday, closed up six sen or 16.7% at 42 sen. It saw 4.11 million shares done, far exceeding its 200-day average volume of 259,926 shares. Quarterly revenue jumped up 98% to RM37.28 million, from RM18.81 million, on improved contributions from its engineered packages, and products and services division. At the current share price, T7 Global is trading at 1.31 times its book value.

Source: The Edge Markets March 02, 2017 02:59 UTC