This article first appeared in The Edge Financial Daily on April 11, 2019 - April 17, 2019
Chin Hin Group Bhd (-ve)
TRADING of shares in Chin Hin Group Bhd (fundamental: 0.25/3, valuation: 0.8/3) triggered our momentum algorithm yesterday for the second time this year. The shares was half a sen up to 79 sen yesterday, with 714,800 shares changing hands, compared with the counter’s 200-day average of 384,179 shares.
On Jan 30, the group said it was teaming up with a Singaporean company to provide consultancy and solutions for construction players in Malaysia.
The group’s unit, Chin Hin Academy Sdn Bhd (CHA), signed a one-year agreement with Bimage Consulting Pte Ltd, which is primarily involved in providing consulting and services in digitising construction and infrastructure processes.
Under the agreement, CHA will gather market intelligence, provide insights, assist in the preparation of proposals, and introduce prospective customers to Bimage. Bimage, meanwhile, will prepare proposals and attend meetings related to business development, sales, technical and pricing matters, Chin Hin said.