Khind Holdings Bhd (-ve)
SHARES in Khind Holdings Bhd (fundamental: 1/3, valuation: 3/3) triggered our momentum algorithm for the first time since August 2016 yesterday as the counter closed unchanged at RM2.36.

The stock saw some 63,800 shares traded compared with its 200-day average volume of 12,077 shares.

The group’s net profit slid 11.3% to RM1.2 million in the fourth quarter ended Dec 31, 2016 from RM1.4 million a year ago, while revenue fell 7.3% to RM83.5 million from RM90.2 million.

The group blamed the weak quarterly results on lower contribution from its investment holdings division, a decrease in dividend income from subsidiaries, while its trading and services and manufacturing divisions recorded strong performances.

Its full financial year 2016 (FY16) net profit grew 58.3% to RM9.8 million from RM6.2 million, while revenue grew 5.5% to RM356.3 million from RM337.8 million in FY15.