Saturday 16 Nov 2024
By
main news image

This article first appeared in The Edge Financial Daily on August 19, 2019 - August 25, 2019

Radiant Globaltech Bhd (+ve)

TRADING of shares in Radiant Globaltech Bhd (fundamental: N/A, valuation: N/A) triggered our momentum algorithm last Friday for the first time this year. Radiant Globaltech’s share price gained two sen to 25.5 sen last Friday. Some 5.59 million shares were traded, versus the counter’s 200-day average volume of 1.01 million shares.

The group is principally involved in the provision of retail technology solutions and investment holdings.

Last month, its unit Radiant Global ADC Sdn Bhd was awarded a contract worth RM20 million for the supply of retail technology hardware and provision of maintenance services for LG CNS Malaysia Sdn Bhd. The group said the tenure of the contract, which covers the deployment stage and the subsequent support and maintenance stage, was from August 2019 to February 2023.

As of last Friday, Radiant Globaltech was trading at 2.26 times its net book value.

      Print
      Text Size
      Share