This article first appeared in The Edge Financial Daily on February 20, 2019 - February 26, 2019

PWF Consolidated Bhd (-ve)
PWF Consolidated Bhd (fundamental: 0.7/3, valuation: 2/3), which also was picked as a Stock with Momentum yesterday for the first time this year, closed 4.5 sen or 5.46% higher at 87 sen.

The stock saw 214,000 shares traded, compared with its 200-day average trading volume of 50,848.5 shares.

There has been no significant announcement from the group since it announced on Dec 26 last year a second single-tier interim dividend of 1.5 sen per share, which was paid on Jan 31. Other than that, it only said it has incorporated a wholly-owned subsidiary, PWF International Sdn Bhd, that has an issued and paid-up share capital of RM2 to set up a platform to undertake international business activities.

The group’s net profit halved to RM3.52 million for the third quarter ended Sept 30, 2018, from RM6.55 million a year ago, as revenue retreated to RM84.7 million from RM93.34 million, due to a lower average selling price of broilers during the period despite a comparatively higher sales volume.