Ta Win Holdings Bhd (-ve)
SHARES in Ta Win Holdings Bhd (fundamental: 0.35/3, valuation: 0.9/3), which is principally involved in the manufacturing and exporting of enamelled copper wires and copper rods, triggered our momentum algorithm yesterday.

The stock closed seven sen or 12% higher at 60 sen, after 1.67 million shares were done, compared with its 200-day average volume of 28,292.5 shares.

The group saw its net profit grow 126% to RM11.34 million in the fourth quarter ended Dec 31, 2016, from RM5.03 million a year earlier, largely on a gain of RM11.34 million from the disposal of subsidiaries.

Its revenue, however, slipped 28.8% to RM84.06 million, from RM118.06 million, driven by lower selling prices caused by lower London Metal Exchange prices compared with the preceding quarter.

At the current share price, Ta Win is trading at 0.61 times its book value.