This article first appeared in The Edge Financial Daily on December 13, 2017 - December 19, 2017

PUC Bhd (+ve)

SHARES in the electronic services provider PUC Bhd (fundamental: 1.5/3, valuation: 0.3/3), which triggered our momentum algorithm yesterday, saw 145.02 million shares traded.

The group, formerly known as PUC Founder (MSC) Bhd, was the most active counter on the bourse yesterday, closing up 2.5 sen or 10.87% at a one-year high of 25.5 sen, ahead of the launch of its electronic money service platform today.

For its third quarter ended Sept 30, 2017, PUC reported an 86.2% decline in its net profit of RM125,000 compared with RM906,000 a year ago, as staff and administrative expenses increased due to PUC’s focus on developing its e-commerce and financial technology-related businesses.

This contrasted with a 200% increase in quarterly revenue to RM13.75 million from RM4.6 million in the previous year’s corresponding quarter, on the back of higher contributions from its advertising and media segment, renewable energy segment, and a subsidiary, Enovax Pte Ltd.

It currently trades at 1.66 times its book value.