This article first appeared in The Edge Financial Daily on March 12, 2018 - March 18, 2018

KUB Malaysia Bhd (-ve)
SHARES in KUB Malaysia Bhd (fundamental: 2.2/3, valuation: 2/3) triggered our proprietary momentum algorithm last Friday. The stock went up one sen or 2% to 51 sen. The stock saw some 32.75 million shares traded, exceeding its 200-day average volume of 2.21 million shares.

In the fourth financial quarter ended Dec 31, 2017 (4QFY17), KUB’s net profit expanded by 97% to RM15.03 million from RM7.63 million a year ago on better performances at its energy, agriculture, food, property, and power sectors.

Quarterly revenue grew 40% to RM183.98 million from RM131.32 million in 4QFY16.

For full FY17, KUB’s net profit jumped 42.24% to RM32.19 million, against RM22.63 million. Revenue clocked in 20.88% higher at RM599.28 million, versus RM495.77 million, attributed to the improved top-line performances in all sectors due to various factors.

At the current share price, KUB is trading at 0.88 times its book value.