Tuesday 24 Dec 2024
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This article first appeared in The Edge Financial Daily on February 14, 2019 - February 20, 2019

Johore Tin Bhd (+ve)
TRADING of shares in Johore Tin Bhd (fundamental: 2.5/3, valuation: 1.4/3) triggered our momentum algorithm yesterday for the fifth time this year, after 2.99 million shares were crossed, sharply higher than its 200-day average trading volume of 411,306 shares. The stock closed six sen or 5% higher at RM1.26, valuing the group at RM391.19 million.

 

Johore Tin is involved in the manufacturing of various tins, cans, other containers and printing of tinplate, as well as manufacturing and selling of milk and related dairy products.

 

After reporting a distortion in its tin manufacturing segment’s margins last year, Johore Tin’s management has guided that it expects tinplate prices to remain soft and less volatile for the financial year ending Dec 31, 2019, hence providing more stability.

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