Integrated Logistics Bhd (+ve)

SHARES in Integrated Logistics Bhd (fundamental: 1.65/3, valuation: 1.8/3), which triggered our momentum algorithm yesterday for the third time this year, rose 0.5 sen or 0.56% to settle at 89.5 sen, with a market capitalisation of RM154.6 million.

The counter saw 443,200 shares done compared with its 200-day average trading volume of 82,717 shares.

There was no new news flow on the stock since its quarterly financials for the third quarter ended Sept 30, 2016 was announced on Nov 3.

Integrated Logistics returned to the black during the quarter with a net profit of RM6.09 million, versus a net loss of RM2.2 million a year ago, though revenue fell 52% to RM4 million from RM8.34 million.