This article first appeared in The Edge Financial Daily on November 27, 2017 - December 3, 2017

Uchi Technologies Bhd (+ve)

SHARES in Uchi Technologies Bhd (fundamental: 3/3; valuation: 1.7/3), which triggered our momentum algorithm last Friday for the second time this year, closed 16 sen or 5.10% higher at RM3.30, with a market capitalisation of RM1.44 billion.  

A total of 2.68 million shares were done, versus its 200-day average trading volume of 856,762.5 shares.

Last month, its wholly-owned subsidiary Uchi Optoelectronic (M) Sdn Bhd was granted pioneer status by the Malaysian Investment Development Authority.

Uchi Technologies said the pioneer status was for the design, development and manufacturing of real-time centralised energy measurement and control system, high precision hot fluid temperature control system, and ultra-low temperature and mass sensing control system for bio-chem equipments.